The Role Of The Board Of Directors In Enron S Collapse

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The Role of the Board of Directors in Enron's Collapse

Author : United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations
Publisher : Unknown
Page : 76 pages
File Size : 46,9 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105050274849

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The Role of the Board of Directors in Enron's Collapse by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations Pdf

The Role of the Board of Directors in Enron's Collapse

Author : United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations
Publisher : Unknown
Page : 782 pages
File Size : 53,8 Mb
Release : 2002
Category : Directors of corporations
ISBN : LOC:00098173031

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The Role of the Board of Directors in Enron's Collapse by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations Pdf

The Role of the Board of Directors in Enron's Collapse

Author : Carl Levin,Susan Collins
Publisher : Unknown
Page : 816 pages
File Size : 43,9 Mb
Release : 2002-08
Category : Business & Economics
ISBN : 0756725844

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The Role of the Board of Directors in Enron's Collapse by Carl Levin,Susan Collins Pdf

Includes testimony given on May 7, 2002, & the Report prepared following the testimony, issued July 8, 2002. Witnesses for Panel One: current & former members of Enron Corp.'s Bd. of Dir.: John Duncan, former Exec. Comm. chair; Herbert Winokur, Jr., Fin. Comm. chair; Robert Jaedicke, former Audit & Compliance. Comm. chair; Charles LeMaistre, former Compen. Comm. chair; & Norman Blake, Jr., current Board Member on Finance & Compen. comm. Witnesses for Panel Two: Michael Sutton, Former SEC Chief Accountant, 1995-98; Charles Elson, Dir., Center for Corp. Gov., Univ. of Del.; & Robert Campbell, Former Chmn. of the Board, Sunoco, Inc., Current Board Member of Hershey Foods.

Innovation Corrupted

Author : Malcolm S. Salter
Publisher : Harvard University Press
Page : 548 pages
File Size : 49,7 Mb
Release : 2008
Category : Art
ISBN : 0674028252

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Innovation Corrupted by Malcolm S. Salter Pdf

In contrast to the time-line narratives of previous books on Enron that offer interesting but largely unsystematic insight into individual actions and organizational processes, Innovation Corrupted pursues a more methodical analysis of the causes and lessons of Enron's collapse.

The Enron collapse

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher : Unknown
Page : 524 pages
File Size : 49,6 Mb
Release : 2001
Category : Energy industries
ISBN : STANFORD:36105063302173

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The Enron collapse by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Pdf

The Enron Collapse: Implications to investors and the capital markets

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher : Unknown
Page : 526 pages
File Size : 41,9 Mb
Release : 2001
Category : Business failures
ISBN : UCBK:C081728684

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The Enron Collapse: Implications to investors and the capital markets by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Pdf

Financial Oversight of Enron

Author : United States. Congress. Senate. Committee on Governmental Affairs
Publisher : Unknown
Page : 108 pages
File Size : 43,9 Mb
Release : 2002
Category : Credit ratings
ISBN : UCSD:31822030849962

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Financial Oversight of Enron by United States. Congress. Senate. Committee on Governmental Affairs Pdf

The Enron Collapse

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher : Unknown
Page : 532 pages
File Size : 48,6 Mb
Release : 2001
Category : Business failures
ISBN : LOC:00108615369

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The Enron Collapse by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Pdf

The Enron Scandal and the Sarbanes-Oxley-Act

Author : Andreas Bauer
Publisher : GRIN Verlag
Page : 41 pages
File Size : 46,5 Mb
Release : 2009-07
Category : Electronic
ISBN : 9783640385690

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The Enron Scandal and the Sarbanes-Oxley-Act by Andreas Bauer Pdf

Seminar paper from the year 2009 in the subject Business economics - Miscellaneous, grade: keine, University of Applied Sciences Hof, language: English, abstract: The downfall of Enron was one of the most momentous corporate scandals and bankruptcies in the history of the United States of America. This assignment deals with the timeline of Enron's collapse and introduces the main charges against the company and it's Board of Directors. Ultimately, the Sarbanes-Oxley Act will be presented as major legislative response to this corporate fraud, before concluding with weighing the costs and benefits of this large-scale legislative project. -This paper provides a fundamental overview of Enron's collapse and the effects of the Sarbanes-Oxley-Legislation-

Innovation Corrupted

Author : Malcolm S. Salter
Publisher : Unknown
Page : 56 pages
File Size : 51,9 Mb
Release : 2002
Category : Electronic
ISBN : OCLC:50245402

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Innovation Corrupted by Malcolm S. Salter Pdf

This paper presents a brief historical overview of Enron's rise and fall and summarizes what the authors currently know about (1) the evolution of Enron's business model, (2) those organizational processes relied upon by senior Enron officials to drive and monitor the business, (3) emergent behavior related to the structuring, management, and valuation of major partnerships, and (4)oversight provided by Enron's management and board of directors. It concludes by posing the question of how Enron's story as anew, post-deregulation corporate model could have escaped critical analysis by the financial community, the business press, and other observers for so long. As such, this paper is an exercise in description, not interpretation. Since many of the facts about Enron's rise and fall have yet to be determined and agreed upon, this description must be considered tentative and incomplete. Nevertheless, the broad contours of the Enron story presented in this paper provide a sufficient basis for developing initial hypotheses about what might have caused such a swift and ignominious fall and what business and public policies might best protect employees, shareholders, and other relevant parties in the future from the kind of injuries experienced in Enron's swift decline into bankruptcy.

The Role of the Board of Directors in Enron's Collapse

Author : United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations
Publisher : Unknown
Page : 68 pages
File Size : 52,7 Mb
Release : 2002
Category : Business & Economics
ISBN : UCSD:31822030837124

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The Role of the Board of Directors in Enron's Collapse by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations Pdf

The Enron Scandal

Author : Theodore F. Sterling
Publisher : Nova Publishers
Page : 194 pages
File Size : 55,8 Mb
Release : 2002
Category : Business & Economics
ISBN : 1590334604

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The Enron Scandal by Theodore F. Sterling Pdf

Preface; Enron: A Select Chronology of Congressional, Corporate, and Government Activities; Enron and Stock Analyst Objectivity; Soft Money, Allegations of Political Corruption, and Enron; Enron: Selected Securities, Accounting, and Pension Laws Possibly Implicated in Its Collapse; The Enron Collapse: An Overview of Financial Issues; Auditing and Its Regulators: Proposals for Reform after Enron; Enron's Banking Relationships and Congressional Repeal of Statutes Separating Bank Lending from Investment Banking; Enron Bankruptcy: Issues for Financial Oversight; The Enron Bankruptcy and Employer Stock in Retirement Plans; Enron and Taxes; Title vs Enron Corp. and Fiduciary Duties Under ERISA; Possible Criminal Provisions Which May Be Implicated in the Events Surrounding the Collapse of the Enron Corporation; Index.

Analysis of Enron’s Unethical Entrepreneurial Practices Leading to its Collapse

Author : Caroline Mutuku
Publisher : GRIN Verlag
Page : 19 pages
File Size : 54,5 Mb
Release : 2018-05-30
Category : Business & Economics
ISBN : 9783668714960

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Analysis of Enron’s Unethical Entrepreneurial Practices Leading to its Collapse by Caroline Mutuku Pdf

Seminar paper from the year 2018 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 1, , language: English, abstract: Before 2000, Enron was famous in the business world. It was known as an innovative company, a technological powerhouse, and a major corporation with no fear. It was founded in 1985 as a natural gas pipeline company. The company emerged as a pioneer in the deregulated energy market rapidly, and within fifteen years, the enterprise had built various businesses in international energy-asset construction and energy trading. From1990 to1998, Enron’s stocks appreciated by three hundred and eleven percent; however, the value of the stocks began to increase rapidly such that, by the end of 2000, Enron stocks were priced at eighty-three dollars, with a market capitalization in excess of sixty billion dollars. The company was rated in the Fortune magazine surveys of the most admired companies as the most innovative company. It, however, surprised many people with its spectacular fall within a year, and its image damaged forever. Its stocks price plummeted almost to zero.

Power Failure

Author : Mimi Swartz,Sherron Watkins
Publisher : Currency
Page : 434 pages
File Size : 51,7 Mb
Release : 2004-03-09
Category : Business & Economics
ISBN : 9780767913683

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Power Failure by Mimi Swartz,Sherron Watkins Pdf

“They’re still trying to hide the weenie,” thought Sherron Watkins as she read a newspaper clipping about Enron two weeks before Christmas, 2001. . . It quoted [CFO] Jeff McMahon addressing the company’s creditors and cautioning them against a rash judgment. “Don’t assume that there is a smoking gun.” Sherron knew Enron well enough to know that the company was in extreme spin mode… Power Failure is the electrifying behind-the-scenes story of the collapse of Enron, the high-flying gas and energy company touted as the poster child of the New Economy that, in its hubris, had aspired to be “The World’s Leading Company,” and had briefly been the seventh largest corporation in America. Written by prizewinning journalist Mimi Swartz, and substantially based on the never-before-published revelations of former Enron vice-president Sherron Watkins, as well as hundreds of other interviews, Power Failure shows the human face beyond the greed, arrogance, and raw ambition that fueled the company’s meteoric rise in the late 1990s. At the dawn of the new century, Ken Lay’s and Jeff Skilling's faces graced the covers of business magazines, and Enron’s money oiled the political machinery behind George W. Bush’s election campaign. But as Wall Street analysts sang Enron’s praises, and its stock spiraled dizzyingly into the stratosphere, the company’s leaders were madly scrambling to manufacture illusory profits, hide its ballooning debt, and bully Wall Street into buying its fictional accounting and off-balance-sheet investment vehicles. The story of Enron’s fall is a morality tale writ large, performed on a stage with an unforgettable array of props and side plots, from parking lots overflowing with Boxsters and BMWs to hot-house office affairs and executive tantrums. Among the cast of characters Mimi Swartz and Sherron Watkins observe with shrewd Texas eyes and an insider’s perspective are: CEO Ken Lay, Enron’s “outside face,” who was more interested in playing diplomat and paving the road to a political career than in managing Enron’s high-testosterone, anything-goes culture; Jeff Skilling, the mastermind behind Enron’s mercenary trading culture, who transformed himself from a nerdy executive into the personification of millennial cool; Rebecca Mark, the savvy and seductive head of Enron’s international division, who was Skilling’s sole rival to take over the company; and Andy Fastow, whose childish pranks early in his career gave way to something far more destructive. Desperate to be a player in Enron’s deal-making, trader-oriented culture, Fastow transformed Enron’s finance department into a “profit center,” creating a honeycomb of financial entities to bolster Enron’s “profits,” while diverting tens of millions of dollars into his own pockets An unprecedented chronicle of Enron’s shocking collapse, Power Failure should take its place alongside the classics of previous decades – Barbarians at the Gate and Liar’s Poker – as one of the cautionary tales of our times.

Following the Money

Author : George Benston,Michael Bromwich,Robert E. Litan
Publisher : Brookings Institution Press
Page : 154 pages
File Size : 41,8 Mb
Release : 2004-05-13
Category : Business & Economics
ISBN : 0815708912

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Following the Money by George Benston,Michael Bromwich,Robert E. Litan Pdf

A Brookings Institution Press and American Enterprise Institute publication A few years ago, Americans held out their systems of corporate governance and financial disclosure as models to be emulated by the rest of the world. But in late 2001 U.S. policymakers and corporate leaders found themselves facing the largest corporate accounting scandals in American history. The spectacular collapses of Enron and Worldcom—as well as the discovery of accounting irregularities at other large U.S. companies—seemed to call into question the efficacy of the entire system of corporate governance in the United States. In response, Congress quickly enacted a comprehensive package of reform measures in what has come to be known as the Sarbanes-Oxley Act. The New York Stock Exchange and the NASDAQ followed by making fundamental changes to their listing requirements. The private sector acted as well. Accounting firms—watching in horror as one of their largest, Arthur Andersen, collapsed after a criminal conviction for document shredding—tightened their auditing procedures. Stock analysts and ratings agencies, hit hard by a series of disclosures about their failings, changed their practices as well. Will these reforms be enough? Are some counterproductive? Are other shortcomings in the disclosure system still in need of correction? These are among the questions that George Benston, Michael Bromwich, Robert E. Litan, and Alfred Wagenhofer address in Following the Money. While the authors agree that the U.S. system of corporate disclosure and governance is in need of change, they are concerned that policymakers may be overreacting in some areas and taking actions in others that may prove to be ineffective or even counterproductive. Using the Enron case as a point of departure, the authors argue that the major problem lies not in the accounting and auditing standards themselves, but in the system of enforcing those standards.