This website uses cookies to ensure you have the best experience. Learn more

Dilemma In The Workplace The Enron Corporation. Includes Background On The Company, Key Problems And Issues, Who Was Affected, And Evaluations And Solutions. 3,010 Words. Greatly Detailed.

2933 words - 12 pages

The Enron Corporation- Dilemma in the WorkplaceThe Enron Corporation (Enron) was once one of the world's leading energy companies. In December 2001, Enron filed the largest corporate bankruptcy claim in United States history. The collapse led to investigations of both Enron and Arthur Andersen, an accounting firm employed by Enron. Investigators focused on charges that Enron deliberately concealed its financial problems, misled investors, and failed to pay income taxes.Enron has taken a downward slide since January making their stock worthless today. With corrupt executives and the help of their auditing firm, they have been able to provide investors with false financial information, which gave them a false picture of the company's true state of affairs. The collapse of Enron has made thousands of employees lose their life savings in 401k plans, and company stock holdings. Investors were defrauded out of billions of dollars and everyone is asking the questions, "How did this happen, and can we prevent this from happening again?"Company BackgroundIn 1930, Northern Natural Gas, a Nebraska-based gas pipeline company was founded. By 1950, the company had doubled in size. A decade later, it started processing and transporting natural gas liquids. The company was renamed InterNorth in 1980 and bought Belco Petroleum three years later. InterNorth also helped build the Northern Border Pipeline to link Canadian fields with the United States markets. (C-Span.com, 2002)Houston Natural Gas (HNG) formed in 1925 as a South Texas natural gas distributor. The company started developing oil and gas properties in 1953. It bought Houston Pipe Line Company in 1956 and Valley Gas Production in 1963. HNG sold its original distribution properties to Entex in 1976. In 1984, HNG dealt with a hostile takeover attempt by a competitor and, as a result, brought in a former Exxon executive as Chief Executive Officer (CEO). The executive refocused HNG on natural gas and added Transwestern Pipeline and Florida Gas Transmission. (WashingtonPost.com, 2002)By 1985, HNG operated the only transcontinental gas pipeline. In 1985, InterNorth bought HNG, creating the United States' largest natural gas pipeline system. Once these companies merged, it was renamed to Enron. The headquarters was then moved from Omaha to Houston.In 1992, Enron and three partners acquired control of a 4,100-mile pipeline in Argentina. Enron bought several gas businesses from gas leader Williams in 1993 and began its power marketing business as the global electricity markets began deregulating.In 1997, Enron bought its own electric utility, Portland General Electric (PGE). In 1998, Enron began power trading in Australia and became the first power marketer in Argentina. The company continued to expand by buying power plants near New York City. In addition, Enronacquired more companies globally such as Wessex Water in the United Kingdom and companies in India and China.In 2000, Enron contributed its retail...

Find Another Essay On Dilemma in the Workplace - The Enron Corporation. Includes background on the company, key problems and issues, who was affected, and evaluations and solutions. 3,010 words. Greatly detailed.

"The Justification and Rationalization of the Ku Klux Klan". About how KKK thought what they were doing was right. Includes examples of crimes etc. 5 pages, 1704 words

1718 words - 7 pages The Justification and Rationalization of the Ku Klux KlanWhen I was a sheltered, naive girl of seven, I caught a glimpse into minds of the people who have perhaps the most hatred in them and the most racist values of all. That day I had stayed home sick from school and simply turned on the television to watch something interesting. I ended up watching a very popular daytime talk show, Jerry Springer, and the topic was the Ku Klux Klan. Jerry

Sources of Capital - Lands' End - Paper covers sources of capital for the company Lands' End. 582 words also includes brief history of the company and link to the annual report

584 words - 2 pages plan is a good incentive for the employees. It allows the board of directors to award key employees with shares of the company's common stock. (Lands' End, 2001)Investments are also a source of capital for Lands' End. Mainly, in fiscal year 2001, information technology was the focus to ensure proper upgrades to all of their facilities and daily operational needs. In fiscal year 2001, $45 million was reported spent on their information technology

This essay includes a summary, quotes, the biggest issues, the arguements for the prosecutor and defendent,key dates, the people involved, and what happened as a result of Nixon v. US

1885 words - 8 pages claim of an 'intra-branch dispute,' without more, has never operated to defeat federal jurisdiction..." Leon Jaworski and Philip A. Lacovara who both argued the case on behalf of the U.S., also stated that "a subpoena for documents may be quashed if their production would be 'unreasonable or oppressive' but not otherwise." Since the request for Nixon's tapes was neither unreasonable or oppressive it was pertinent that he hand them over. In a

Enron: Who was at fault?

2201 words - 9 pages company to report earnings in one year that would normally be booked over the life of a ten to twenty year contract. Based on these inflated numbers, Enron funded management bonuses as a percent of reported net income, subject to decrease if management failed to meet goals for earnings per share (EPS). By establishing this type of bonus plan, the board essentially put out the word that company success was based on growth in earnings and EPS was to

Proposed Solutions for the Problems of the Multi-National Company of Chupa Chups

1005 words - 4 pages S. A. Chupa Chups is a Multi-National Company that has grown internationally since its inception in 1958. Reasons for successes of this company have been their aggressive approach in developed and developing nations as well as the partnership they do with existing firms in those nations. The problems I noticed with their development were their efforts to diversify from core competencies and their organization structure that was central-based

Identify and discuss the sources of conflict related to the culture of the country or countries where your Company does business? Discuss why these conflicts occurred and who was involved

829 words - 3 pages Touro University InternationalBus 401Session Long Project Assignment Module 4Dr. William Muraco"Cultural Conflicts"The TaylorMade Corporation has an outstanding relationship with the Asian community but it always wasn't this nice. The company initially ran into problems with its overall image and western mentality. The company came to Tokyo in 2000, with aspirations of great sales within the first year, but the company did not do as well as

History of Home Video Games - From Pong to Playstation. 1,833 words. Includes an abstract. Very detailed

1801 words - 7 pages hit and they immediately brought it to the United States. As did the 8-bit system, the 16-bit did wonders for the company and allowed them to continue their overwhelming success in the market.Nintendo started to achieve historic sales records. However, their dominance was nearing its end.THE MARKET GROWSNintendo tried another console on the consumers. Neo-Geo was unveiled in 1990, and with the much better graphics and sound, it crushed their own

Time Management Techniques. 1,929 words. Includes abstract. Detailed tips with bullet points

1891 words - 8 pages realistic timeline for each project. Identify the key elements involved such as:*How the others will be involved*How long will they need to complete each task*What material is needed for a timely completionThe second step is to map your projects. Provide yourself with a clear path so that you can tell at any point in time where you are and where you need to go. Note specific tasks that need to be completed, put them on a calendar, and make sure to

Sexual Harassment in the US Workplace facts, figures, and solutions

2397 words - 10 pages such comments as saying she looked better without any clothes on and repeatedly asked her out on dates. She brought this issue up with her supervisor who wrote to the customer asking him to refrain from "any future conduct that could be perceived as offensive or intimidating". The harassment continued and the whole building, not just the tenant was taken away from her route. The courts ruled in favor of the employees even though the company had

The Problems with Abortion and Solutions

1580 words - 6 pages come. Our President, George Bush recently signed a ban on abortion and plans on taking it to court to make it illegal (Entous). This ban will cover partial-birth abortions. This type of abortion has been the subjects of many disputes and failed to make it to court. Many people were outraged and upset because it didn’t protect women’s rights. Who knows if abortion will ever become illegal? The way the world is going, it may never become illegal. Our values and morals have diminished and things may continue to worsen. As long as America has a strong president that stands up for what he believes in concerning the issue, we may one day see it happen.

Problems and Solutions in the Fight Against Urban Poverty

4430 words - 18 pages Problems and solutions in the fight against urban poverty Introduction – the advent of capitalism and the resultant economic inequality There can be no talk of modern poverty without talking first of capitalism, and as such, the capitalist model of production and the exploitation of labor is where I will begin my paper. Capitalism evolved from the feudal system, which was incorporated into western European societies hundreds of years ago

Similar Essays

The Makeover Of Avon Products, Inc Headed By Ceo Andrea Jung Greatly Transformed The Company In All Aspects And Who Benefited From The Change

1091 words - 4 pages was difficulty recruiting younger representatives. The solution proposed by Jung solved those problems simultaneously. "With the launch of Sales Leadership, Avon representatives could earn commission on the sales of their recruits." (Thompson - Strickland p.152).E-commerce and InternetThis initiative has launched the eRepresentative idea of doing business. Internet served as key in the relations between representatives, customers, and the

The Case Of The Floundering Expatriate A Case Analysis (Includes Key Issues And Learnings)

1147 words - 5 pages filled with mistakes. In other words Donaldson has messed up his part completely.The catch is that Frank cannot simply do away with Donaldson by firing him or sending him back to America. Donaldson is considered a star performer and Frank has been advised to stick with him for a little while longer. Even he does fire him the move may reflect unfavorably on him and might lead to the collapse of the team-building effort.Donaldson's family life too

This Essay Is About A Midsummer Nights Dream And How It Was Affected By The Time In Which It Was Written Its About 500 Words

508 words - 2 pages A Midsummer Night's DreamA Midsummer Night's Dream was greatly affected by the time in which it was written. A few of these affects will be discussed in this essay, including how the language was affected by the time, how the religious beliefs of that time affected the climax, and how the views of the monarchy gave the story its foundation and set the play into motion.In the original version of A Midsummer Night's Dream Shakespeare used words

Title: The Black Death: Includes Symptoms Of The Disease, Causes, The Parts Of Europe Affected, How It Was Contained, And How It Was Discovered/Ended

422 words - 2 pages The bubonic plague, also known as the Black Death, was an outbreak that struck Europe and the Mediterranean during the mid-1300s. The victims of the bubonic plague suffered from high fever, chills, headaches, exhaustion, and enlarged and swollen lymph nodes on the neck and groin areas. When the disease struck it killed people with terrible speed. Once the symptoms appeared, death occurred within two to three days. The plague had spread to France