The case study titled “Enron: Questionable Accounting Leads to Collapse” by Daryl Benson recounts the downfall of corporate giant Enron in the early 2000s. Enron, the product of a merger of two major gas pipeline companies in 1985 grew phenomenally in a few years. It…
The author points to the accounting problems in Enron by those with vested interests as the major reason why it had a fallout. The company’s policy of having employee evaluations every six months after which the ones rated as the lower twenty per cent being hired must have forced the employees to project false claims of work and profit. Moreover, the general trend of misrepresenting the company to create an overall impression of being safe and secure all the time in the stock market claims could have led to a nexus of corruption and highhandedness.
The foundation of ethical conflicts in Enron could be traced back to the aggressive corporate structure of the company where all the employees were pushed to their extremes in order to meet unrealistic demands. Moreover, the company had to create the illusion that it was doing immensely well all the time, for which it had to forge documents and get approval by the legal and tax assessing bodies by using illegal means. The accounting problems Enron had were grave and unforgivable. Despite the many denials by those in power, the company had to face the charges of highhanded corruption and cheating on many counts, and it did lose ultimately.
The stakeholders were mainly the individual and other corporate investors in the project. They had to deal with the specific situation where the company had to hold on to a lie created by itself, till the moment it crashed. The Chair Ken Lay, CEO Jeffrey Skilling and CFP Andrew Fastow had their specific roles in the collapse. In fact they were responsible for the gradual decay and collapse of the company. Moreover, the company had been a major client of Vinson and Elkins, who submitted opinion letters supporting the legality of the company, further misleading the public. Merrill Lynch, the brokerage and investment-banking firm had to face scrutiny by federal prosecutors and the SEC for its role in Enron’s 1999 sale of ...
Cite this document
(“Read Case 12 and analyze and summarize the case based on the Coursework”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/394794-read-case-12-and-analyze-and-summarize-the-case-based-on-the-following
(Read Case 12 and Analyze and Summarize the Case Based on the Coursework)
“Read Case 12 and Analyze and Summarize the Case Based on the Coursework”, n.d. https://studentshare.net/miscellaneous/394794-read-case-12-and-analyze-and-summarize-the-case-based-on-the-following.
Customers- I obtained the following information from the customers; the customer takes the car to servicing after the computer at car’s dash board notifies him/her that the car should be taken to servicing. The customer can take the car to any nearest branch of Mercedes Company for servicing and he/she expects to be called to come and collect the car after service and given an invoice of all the cost incurred during the service.
The resulting comparison of views revealed that customers are demanding changes in the mode of behaviour of business and that satisfying this demand of customers is in the business' best interest: it is profitable and presents a good business case in itself.
Moreover, the company is also committed to create utmost importance especially towards the telecom workers and consumers among others by offering competitive as well as quality products. Huawei’s commodities and services have been marketed in many
represents Teresa and Kurt R. Welterndorf is the representative for Pfeil Funeral Homes, Inc. in the Court of Appeal. Therefore, Teresa is the plaintiff/appellant and Pfeil is the defendant/appellee.
The case, Teresa D. Oglesbee v. Pfeil Funeral Homes, Inc. is a premises
A “geek” is a negative label to most students. She is more concerned about the social aspects of her appearance and less about the educational aspect.
According Piaget, Laura is at the Formal operational stage, which
: Uncomplicated UTI or Cystitis- occurs as a result of urinary pathogens emanating from the vagina or bowel infects the periurethral mucosa and subsequently moves to the baldder. A large percentage (80%) of UTIs is due to the uropathogenic Escherichia coli (UPEC), while
1 Pages(250 words)Coursework
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Coursework on topic Read Case 12 and analyze and summarize the case based on the following: for FREE!