Pride Goeth Before Destruction Enron, the quintessential company of the 1990’s, is infamous for its rise and more so for its fall. It’s bankruptcy and dissolution in 2001 was the largest in US corporate history to date when it occurred (Ferrell, Fraedrich, & Ferrell 487). The downfall of the company was brought about by shady accounting practices, a cutthroat company culture, a do-what-it-takes mantra. Ultimately, the prideful and greedy natures of the executives at the helm lead to the…
Q1. Is compliance enough? Legislations are made so that companies follow rules and policies in fear of harsh punishments of non-compliance. In the case of Deepwater Horizon, the chain of command consisted of a VP of drilling and operations who was barely 3 months into his job. Companies should follow legislations not for the sake of compliance but also to make sure that they create an environment of solidarity and an command chain that consists of experienced personnel who have the foresight to…
develops the model for rating the customer, the rest of the teams will determine how they should rate the respective customers. As for the team of Economic Capital, they will be evaluating the model and showing how the rating of each customer will result in different outputs such in ROE, ROA and RWA, thus allowing the end-user to reach a conclusion for the customer. 7. Duties Relevant to the Organization and Industry 7.1 Organization My duties for the enhanced Loan Decision Support Model…
Issue The issue is what, if any, legal rights Will has against Grace for exceeding the spending limit, and whether she is going to have to pay the $30,000 for the imported marble. In addition, whether he has any legal rights against Grace for using Flip Master’s client list to find potential customers. The other issue is what if any, legal rights Will has against Jack for accepting bribes from potential buyers to ensure that their offer is accepted by Flip masters. Law A joint venture can be…
policies. The critical and unbiased internal audit should have been worked on to forbid persons making false allegations; they should have informed the concerned people and the agents about the false consequences that would happen in case of false allegations. There…
1. Legal aspects A. The first question to analyze is whether Blooms Inc. has consent to collect the data of customers under the General Data Protection Regulation (GDPR). According to Article 7(1) GDPR, the fundamental condition for the data processing based on consent is the ability of the data’s controller to demonstrate that the data subject (i.e. the customer) has consented to the processing of his or her personal data. In the present case, the customers, namely Steven and John, freely and…
Citizenfour is a documentary released on October 14, 2014 that bases on NSA security intelligence and a whistle blower , Edward Snowden. the film is directed by Laura Poitra and shot by Glen Greenwald which is shot in hong kong . Snowden communicated Greenwald through a encrypted message under the fictitious name of citizenfour. Snowden main purpose was to reveal how the United Kingdom of great britain and northern ireland and the United States of America governments were eavesdropping or…
GOLDMAN SACHS DEAL WITH PAULSON & CO The Issue: Goldman allegedly failed to disclose to investors that it was betting against subprime mortgage investments it pushed on clients. Essentially, according to the complaint, Goldman pushed a product designed to fail. Introduction: The Goldman Sachs Group, Inc. is an American multinational investment banking firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional…
Grocery, Inc. should win the breach of contract suit against Company A. The renovation contract covers the quality of workmanship that Grocery, Inc. agreed to when hiring Company A. The subcontractor B used by A did not meet the criteria of the contract. Additionally, Company A unilaterally decided that to finish the job was impossible. In actuality, Company A overscheduled construction jobs during a six-month time period which was a preventable situation that is the fault of Company A…
Identify the ethical dilemma - what laws did they broke, refer to class lessons and materials for this (Jeffrey Lee) The Enron scandal is the biggest white-collar crime in our era. A white-collar crime is not violent and usually deals with financial motivated situations. In this situation, ENRON officials were completely unethical. One topic that we covered during Case Study number 4 was the “Ponzi scheme” that included Bernie Madoff. This incident can be related to the ENRON scandal because…