Enron Corporation The Biggest Gas Transmission System Essay

The Enron Corporation started in 1985 by Kenneth Lay and was the result of a merger between Houston Natural Gas and InterNorth Corporation (Madsen Vance, 2009). Enron had the biggest gas transmission system in the U.S which consisted of a network of 38,000 miles of pipeline (Giroux, 2008). After the addition of Jeffrey Skilling, Enron transformed itself from a producer and distributor of natural gas to a trading company (Chandra, 2003). Enron lobbied hard for deregulation and was capable of being able to trade almost anything (Chandra, 2003).This idea required vast amounts of liquidity (Chandra, 2003). Enron’s revenue began to increase at a rapid speed (Chandra, 2003). Skilling developed a workforce that enabled the concealing of billions of dollars through the use of special purpose entities, fraudulent financial reporting, and accounting inadequacies (Giroux, 2008). Enron committed fraud over an extended period of time to manipulate earnings in order to maintain compensatio n of central executives. Despite the collapse of Enron, many executives were paid millions of dollars while other Enron workers were terminated and lost all of their retirement funds (Giroux, 2008). Enron has went down in history as not only being the biggest bankruptcy in U.S. for that time period, but also the largest audit failure (Giroux, 2008). How the corporate culture of Enron contributed to its bankruptcy Enron executives behaved in an arrogant manner which helped to dismantle the companyShow MoreRelatedBefore Going Bankrupt In 2001 Enron Corporation Was One1404 Words   |  6 PagesBefore going bankrupt in 2001 Enron Corporation was one of the biggest incorporated natural gas and electricity companies on earth. It dealt with selling natural gas liquids worldwide, and operated one of the biggest natural gas transmission systems in the world. They had become one of the largest developers and producers of electricity in the world, and supplied industrial and evolving markets including individual consumers. Enron was a major dealer of solar and wind renewable energy globally, hadRead MoreCorporate Fraud, Greed, Corruption, And Ethics1598 Words   |  7 Pageswords? Enron! In this paper we will take a look into the corporate facts and history as well as, stakeholder relationships, organizational trust issues, ethical leadership and ethical culture at Enron. As well as where improvement s could have been made to improve organizational trust and ethical culture before Enron’s collapse. II. Corporate Facts and History According to the Texas State Historical Association, organized in Omaha, Nebraska in 1930, InterNorth began as Northern Natural Gas CompanyRead MoreEnron: from the Beginning to the End2542 Words   |  11 Pageshear the word Enron, they immediately associate it with the most important accounting scandal of our lifetimes. Enron was an American gas company that began as the Northern Natural Gas Company in 1931. Internorth, a holding company in headquartered in Omaha, Nebraska, purchased the Northern Natural Gas Company and reorganized it is 1979. Enron arose from the 1985 merger of Houston Natural Gas and Internorth. After building a large, new corporate headquarters in Omaha, the new Enron named formerRead MoreCalifornia Electricity Deregulation : Positive Feedback Loop Of Market And Institutional Failures3528 Words   |  15 Pageselectricity is not a homogenous commodity. There’s a distinction between generators that supply power on a continual basis (e.g. electricity de rived from coal, hydropower, nuclear power) and generators that are on only during peak hours (e.g. natural gas and oil-fired generators). Thus, generation sources are not perfect substitutes of one another. Third, the end-user of electricity is unable to respond to changes in the price of energy promptly. Retail electricity prices are fixed at some average rateRead MoreEnron Ethical Issue8130 Words   |  33 PagesENRON ACCOUNTING FAILURE AND ETHICAL ISSUES ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES Lecturer: DR SITI ZELEHA ABDUL RASHID Prepared by: SAMIRA ALVANDI SHAHRZAD KARIMI HAMED KHAZAEI 1 ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES 2 ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES Table of content: Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦...4 1. Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦5 2. Literature review †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreThe Case Analysis of Enron Scandal3118 Words   |  13 Pagesorg/ijbm International Journal of Business and Management Vol. 5, No. 10; October 2010 The Case Analysis of the Scandal of Enron Yuhao Li Huntsman School of Business, Utah State University, Logan city, U.S.A E-mail: wyl_2001_ren@126.com, carolee1989@gmail.com Abstract The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the dissolution of Arthur Andersen, which was one of the five largestRead MoreMs Chan4114 Words   |  17 Pagesfailures of companies such as Enron and Global Crossing) has raised concerns among managers throughout the world. They want to understand what caused the collapse of the company so that they can take actions to avoid similar fates. Over the years, Andersens business environment and strategy changed in material ways. Their management responded by making associated changes in their organisational architecture (decision right, performance evaluation and reward systems). Part 3 of this book has arguedRead MoreIndustrial Developments in India Essay3307 Words   |  14 Pageswagons and 40,775 coaching vehicles. 1,56,846 telephone exchange lines, 18,445 long haul MT Kms., 1,730 optical fiber communication route Kms and over 8,54,613 trunk tele channels Kms distinguishes Indian Railway telecom network. Indian Railway system has developed a capacity to carry 441.58 million tons of originating revenue earning traffic which in terms of transport output is 284.27 billion NTKms (net tonne kilometers). During 1998-99 the revenue earning freight traffic moved by Railways wasRead MoreTerm Paper4224 Words   |  17 Pagesidiosyncrasies of the individual SBUs in multi-business organization. Introduction: â€Å"Corporate Parenting is a philosophy that views a corporation in terms of resources and capabilities that can be used to build business unit value as well as generate synergies across it units. It generates a corporate strategy by focusing on the core competencies of the parent corporation and the value created from the relationship between the parent and its businesses†. - Thomas Wheelen The key factor required forRead MoreGeneral Motors vs. Volkswagon7203 Words   |  29 PagesGENERAL MOTORS CORPORATION THE VOLKSWAGEN GROUP INTERNATIONAL FINANCIAL STATEMENT ANALYSIS Group Members Jose Cervantes Hilda Patricia Moreno Aracelis Nass Keila Urdaneta Florida International University ACG 6255 International Accounting Professor Leonardo Rodriguez Summer 2008 TABLE OF CONTENTS Objectives †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 The Automotive Industry †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 The Automotive

The Physics Of Aerospace Engineering Essay - 1574 Words

1. Loren told me that he has enjoyed problem solving since he was very young. Growing up he knew he wanted to go into engineering but wasn’t completely sure which type he would enjoy the most. He was most interested in outer space and also cars and design. After his acceptance to Purdue, he turned to several upperclassmen for advice and their knowledge of the Engineering school and the programs. They told him about Mechanical and Aerospace Engineering and how similar they were. After some thought, he decided that in aerospace engineering because of his interest in outer space. 2. Loren said that at this point, all of his upper classes are small and have lectures. Also some of the classes have accompanying lab sections. For example, Loren stated â€Å"We might have an aerodynamics class and then a separate class which is a lab that reinforces what we learn in the aerodynamics class.† He also told me that students lean the fundamentals of aerospace, propulsion, and controls (computer guidance systems, ex: planes that can land themselves). 3. When talking about his favorite class, Loren told me about AAE 20400- Mechanics of Materials. This was his first class about structures. He told me that it has proven to be very useful in all of his major specific classes. He also expressed that the professor had been the best professor that he’s had during his time at Purdue in terms of explaining information. He was also genuinely interested in the material that the course had to offer. 4.Show MoreRelatedThe Career Of Aerospace Engineer1414 Words   |  6 Pagesthe people who get job is related to one’s career. One of the booming career these days in engineering, and among them aerospace engineering is one of the highly paid career and really interesting to work in. In the career of aerospace engineering, engineers usually have to work really hard. In this field, one mostly work on building or designing aircrafts based on the requirement. To be a successful aerospace engineer one needs to gain a lot of education and should be able to work in any environmentRead MoreOverview of the Career of an Engineer Essay1306 Words   |  6 Pagesthe people who get job is related to one’s career. One of the booming career these days in engineering, and among them aerospace engineering is one of the highly paid career and really interesting to work in. In the career of aerospace engineering, engineers usually have to work really hard. In this field, one mostly work on building or designing aircrafts based on the requirement. To be a successful aerospace engineer one needs to gain a lot of education and should be able to work in any environmentRead MoreAssessment Of Outcome And Project Timeline870 Words   |  4 Pageswith significantly improved qualities. Specifically, the proposed research will provide an engineering solution to reduce or eliminate uncertainties and common defects in LENS additive manufacturing of metal materials by integrating ultrasonic vibration. Such solution will broaden the applications of AM processes in the major industries in the U.S. where metal materials are heavily used, including aerospace industry, medical instruments and implants industry, automobile industry, machine tool industryRead MoreNational Aeronautics And Space Administration Essay1133 Words   |  5 Pages National Aeronautics and Space Administration (NASA) is one of the world’s leading organizations (and one of the largest) in the fields of aviation, aerospace and space exploration. NASA is responsible for conducting the United States civilian aeronautic programs, for research of aerodynamics for the development of the aviation industry and for research and investigation of the outer space. NASA is also on the world’s most innovative organizations in the aforementioned fields, as the main aimRead MoreEngineering Jobs and A Outline of Each Essay617 Words   |  3 PagesCivil Engineering: Civil engineering is primarily concerned mainly with the planning and construction of different facilities (bridges, highways, buildings, dams, railroads, etc.) Civil engineering in Islam was mainly concerned with irrigation and water supply. Four different types of irrigation were developed by Muslims, which are Basin irrigation, perennial irrigation, Terrace irrigation and Wadi irrigation Computer Engineering: Computer engineering deals with the computers (digital gear). ItRead MoreA Career in Mechanical Engineering Essay993 Words   |  4 PagesI have chosen the career of Mechanical Engineering for this research paper. The reason why I choose this career is because I am very interested in prototyping, designing, and building machines and other types of tools that we use in our daily lives. Mechanical engineers make people’s lives better and easier. I find this interesting inspires me to become one of them. This is why I choose this profession for my research paper. I will be going over five topics for this paper. These topics are: 1.Read MoreMy Statement of Purpose: Mechanical Engineering923 Words   |  4 PagesStatement of Purpose (new text is in red) Introduction Mechanical engineering is the catalyst of rapid innovation in the aerospace and defense, automotive, heavy equipment and industrial equipment manufacturing industries. The foundational elements of mechanical engineering are what make the pace of new product development possible (Bar-Cohen, 1995). By far the most significant accomplishment of humankind in the 21rst century is the landing of the rover on the surface of Mars (Thilmany, 2012)Read MoreA Brief Look at Aerospace Engineering542 Words   |  2 PagesDiscover Engineering: Aerospace Engineering According to Dictionary.com, engineering is a branch of science and technology that works with design and building. Also engineering is a career that focuses on solving problems by using the design process.Engineers work on the following: they solve, design, test and building things that humans use on a daily use. 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However, I have since lost interest in OxfordRead MoreEssay on Mechanical Engineering1124 Words   |  5 PagesMechanical engineering is a discipline of engineering that applies the principles of engineering, physics and materials science for analysis, design, manufacturing, and maintenance of mechanical systems. It is the branch of engineering that involves the production and usage of heat and mechanical power for the design, production, and operation of machines and tools.[1] It is one of the oldest and broadest engineering disciplines. The engineering field requires an understanding of core concepts

Female Protagonists free essay sample

Compares sexuality of female protagonists of African-American Chinese-American cultures in novel memoir. Sula by Toni Morrison The Woman Warrior by Maxine Hong Kingston. This study will discuss the topic of sexuality as it is treated by Toni Morrison in her novel Sula and by Maxine Hong Kingston in her autobiographical The Woman Warrior. The study will focus on the differences in the ways the main characters learn about sexuality. It will also focus on the differences and similarities between the African-American and Chinese-American cultures in the ways they view sexuality, and especially the sexuality of females. In general, the African-American culture is more open and liberal with respect to sexuality, and the Chinese-American culture is more closed and conservative. The women in Morrisons novel are more free to express themselves sexually, while the women in Kingstons book are discouraged from such free sexual expression. At the same time, the woman who decides to live an openly sexual life will pay a price for such freedom in