Hans Christian Andersen

MIDDLE EAST TECHNICAL UNIVERSITY FACULTY OF ECONOMIC AND ADMINISTRATIVE SCIENCES DEPARTMENT OF ECONOMICS ECON 433 THE RISE AND THE FALL OF ENRON CORP. BERKEHAN KAYA 1917350 Introduction Enron Corporation was the corporation which had the largest natural gas transmission networks in North America continent. In 2000, the company was on the Fortune 500 list with the seventh seat, but its bankruptcy in December 2001 was even larger. The name of the company, then, displayed whenever the…

Abstract APOC, founded in 1909 as Anglo Persian oil company, was bought by England over more than 51% of its stock when it was about to fail on the initiative of Winston Churcill. It was subsequently privatized by the Thatcher campaign in the 1980s and soon became a major oil and refining company, with interests in clean blacks (such as solar panels) and attention to security procedures. But is all this enough for such a global company? Introduction BP, over time, suffered from a chain of major…

The men in the 19th century discovered the unbelievable properties of an unknown liquid. It turned out that by simple distillation, it could be metamorphosed into a lubricant and lighting oil, superior and much cheaper to those which were known till now. The only known substance which experienced this type of acceleration was gold during the gold rush. Oil was not an exception. The discovery of both of them intrigued the attention of major business tycoons. John D. Rockefeller was one of them.…

Austin Sweeting Mrs. Jones Sociology 8:00 21 March 2016 Bernie Madoff's $50 Billion Ponzi Scheme: White Collar Crime After overlooking several different types of crimes I decided to look into the damaging effects of what white collar crimes can cause. Thereafter I then decided to choose one of the most infamous white collar crimes “Bernie Madoff’. The man who almost got away with billions of dollars of innocent investors. We will dive into the shocking story of Bernie Madoff the man who…

Enron used the practice of posting profits on potential instead of actual gains and used Arthur Andersen accounting firm to cover any losses through the misuse of special purpose entities (SPEs). Arthur Andersen, was old and well-respected; no one believed it would be party to corporate fraud, making Enron seem squeaky-clean. Retrieved on 23 October 2017 from http://www.mademan.com/mm/enron-scandal-summary.html (Links to an external site.). This scheme was working until Enron decided to falsely…

than $1 per share and it decided to file for bankruptcy protection. And one year later, Enron was dissolved (Thomas, 2002). The reason for Enron’s devastation was that its internal control was very loose. In addition, Arthur Andersen was also dissolved because Arthur Andersen was Enron's auditor and did not disclose Enron's much false accounting information. Since then, the legislation of SOX was established to strengthen corporate responsibility and deter false information such as overstating…

Prior to Sarbanes Oxley Act, the Securities Act of 1933 was the leading controlling mechanism. The 1933 Act requires that investors obtain appropriate financial information on securities that were offered for public sale. It also bans dishonesty, misrepresentations, and some other fraud in the transaction of securities. The Security Exchange Commission imposes the 1933 Act mandating corporation to have the stock and securities registered that are offered to the public. The registration…

Han Fei Tzu: Legalism, is an ancient Chinese philosophy concerned with the art of rulership and the stability of the state. Along with hundreds of other philosophical schools, legalism emerged during the Warring States Period (453-422 BC), a time of intense political and intellectual turmoil. Unlike other schools of thought, legalism defined the strength of the state, through a system of punishments and rewards, propagated by common laws. Neither concerning itself with Confucian idealization of…

will attempt to make us perceive their own beliefs. In the play, Merchant of Venice by William Shakespeare, Shylock whom is a Venetian merchant made a deal with a Christian merchant named Antonio to fulfill the desires of his close friend “Bassanio”. Moreover, this Shakespearian play discusses the melancholic relationship between a Christian and Jewish in Elizabethan era. In Merchant of Venice, Shylock represents a character who mask reality due to three critical reasons.…

and even social media which say otherwise; they paint the ideal picture of what ‘Love’ is, in its many forms in popular culture. Fifty Shades of Grey is a renowned trilogy among the younger generation that explores a peculiar relationship between Christian Grey, a sex crazed Multimillionaire and Anastasia Steele, an inexperienced English literature college graduate. The start of their relationship is questionable on many grounds; does she understand the risk of this potential liaison and how it…