Enron and World Finance

Enron and World Finance PDF Author: P. Dembinski
Publisher: Springer
ISBN: 0230518869
Category : Business & Economics
Languages : en
Pages : 257

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Book Description
Four years after the debacle, the term 'Enron' has earned its place in the everyday vocabulary of business ethics. Hardly anyone understands the business intricacies of what really happened with the sophisticated energy conglomerate. Even fewer are those able to envision, beyond the business case, the ethical questions and dilemmas facing actors at any one stage of the drama. Using the collapse of Enron as a case study, this book not only shows how and where ethics came into play, but also draws lessons and discusses possible remedies that may prevent the whole financial system from falling apart as a result of either excessive greed or over-regulation.

Enron and World Finance

Enron and World Finance PDF Author: P. Dembinski
Publisher: Springer
ISBN: 0230518869
Category : Business & Economics
Languages : en
Pages : 257

Get Book

Book Description
Four years after the debacle, the term 'Enron' has earned its place in the everyday vocabulary of business ethics. Hardly anyone understands the business intricacies of what really happened with the sophisticated energy conglomerate. Even fewer are those able to envision, beyond the business case, the ethical questions and dilemmas facing actors at any one stage of the drama. Using the collapse of Enron as a case study, this book not only shows how and where ethics came into play, but also draws lessons and discusses possible remedies that may prevent the whole financial system from falling apart as a result of either excessive greed or over-regulation.

Enron and World Finance

Enron and World Finance PDF Author: Paul Dembinski
Publisher: Palgrave MacMillan
ISBN: 9780230522886
Category : Business
Languages : en
Pages : 274

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Book Description
Four years after the debacle, the term 'Enron' has earned its place in the everyday vocabulary of business ethics. Hardly anyone understands the business intricacies of what really happened with the sophisticated energy conglomerate. Even fewer are those able to envision, beyond the business case, the ethical questions and dilemmas facing actors at any one stage of the drama. Using the collapse of Enron as a case study, this book not only shows how and where ethics came into play, but also draws lessons and discusses possible remedies that may prevent the whole financial system from falling apart as a result of either excessive greed or over-regulation.

Enron and World Finance

Enron and World Finance PDF Author: Paul H. Professor Dembinski
Publisher:
ISBN: 9781349524471
Category : Accounting
Languages : en
Pages : 274

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Book Description
Four years after the debacle, the term 'Enron' has earned its place in the everyday vocabulary of business ethics. Hardly anyone understands the business intricacies of what really happened with the sophisticated energy conglomerate. Even fewer are those able to envision, beyond the business case, the ethical questions and dilemmas facing actors at any one stage of the drama. Using the collapse of Enron as a case study, this book not only shows how and where ethics came into play, but also draws lessons and discusses possible remedies that may prevent the whole financial system from falling apart as a result of either excessive greed or over-regulation.

Investment Banks

Investment Banks PDF Author: Richard J. Hillman
Publisher: DIANE Publishing
ISBN: 9780756733575
Category : Business & Economics
Languages : en
Pages : 72

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Book Description
In the wake of a series of recent corporate scandals and bankruptcies, the Sarbanes-Oxley Act mandated that the GAO study the involvement of investment banks (IB) with two companies, Enron and Global Crossing. In this report, the term "IB" includes not only securities firms but also those bank holding companies. with securities affiliates or business divisions that assist clients in obtaining funds to finance investment projects. GAO agreed to provide publicly available information on the roles IB played in designing, executing, and participating in certain structured finance transactions, IB, and Federal regulators' oversight of these transactions, and the role that the IBs' research analysts played with Enron and Global Crossing. Charts and tables.

Enron and the World of Finance

Enron and the World of Finance PDF Author:
Publisher:
ISBN:
Category : Business ethics
Languages : en
Pages : 148

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Book Description


Financial Oversight of Enron

Financial Oversight of Enron PDF Author: United States. Congress. Senate. Committee on Governmental Affairs
Publisher:
ISBN:
Category : Credit ratings
Languages : en
Pages : 126

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Book Description


Following the Money

Following the Money PDF Author: George Benston
Publisher: Brookings Institution Press
ISBN: 9780815708919
Category : Business & Economics
Languages : en
Pages : 154

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Book Description
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.

Investing in a Post-Enron World

Investing in a Post-Enron World PDF Author: Paul Jorion
Publisher: McGraw Hill Professional
ISBN: 0071416854
Category : Business & Economics
Languages : en
Pages : 258

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Book Description
Asset-protecting strategies for the millions of investors spooked by the ongoing Enron debacle The collapse of Enron--one of the most costly bankruptcy cases in history--has led millions of investors to question the safety of their portfolios and retirement plans. Investing in a Post-Enron World gives wary investors the tools they need to determine the safety of any investment and outlines a step-by-step program for ensuring that their portfolios are shielded from sudden disasters. The first Enron book specifically for investors, Investing in a Post-Enron World pulls no punches in telling investors what to buy and whom to trust, along with red flags to watch for. Its numerous methods for minimizing risk and overexposure include: A quick course in investing and finance Guidelines for pulling the truth from financial statements Rules for "Enron-proofing" a portfolio through diversification Simple techniques for valuing a company and its stock Ways to manage downside risk How to become a "financial sleuth"

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

The Role of the Board of Directors in Enron's Collapse PDF Author: United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 68

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Book Description


Accounting/Finance Lessons of Enron

Accounting/Finance Lessons of Enron PDF Author: Harold Bierman Jr
Publisher: World Scientific
ISBN: 9814338311
Category :
Languages : en
Pages : 215

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Book Description
There is a great deal of confusion regarding the factors that led to Enron's collapse. This important book addresses this problem by providing a coherent explanation of the accounting and finance problems associated with the collapse. The Skilling-Lay trial, as it is related to accounting or finance issues, is critically described as well. Through its well-balanced take on events surrounding the trial, the book therefore enables readers to analyze the validity of the arguments offered by the U.S. attorneys.Contents: The Enron Success and FailureEnron as of 31 December 2000First Six Months of 2001: Before the StormSherron Watkins' Letter to Kenneth L LayThe Clouds BurstThe 100-Year FloodJEDI and Chewco: Not the MovieLJM1 and RhythmsLJM2 and Raptors I and IIILJM2 and Raptors II and IVOther TransactionsThe CollapseThe Indictment of Lay and SkillingThe TrialA Slice of the Skilling?Lay TrialThe Skilling?Lay Trial: Fair or Foul?Mark to Market Accounting: Feeding the Growth RequirementConcluding Observations Readership: Students and academics in accounting, finance, law and banking; accountants, lawyers, board members and finance people; and general public.