Innovation Corrupted

Innovation Corrupted PDF Author: Malcolm S. Salter
Publisher: Harvard University Press
ISBN: 9780674028258
Category : Art
Languages : en
Pages : 548

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Book Description
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.

Innovation Corrupted

Innovation Corrupted PDF Author: Malcolm S. Salter
Publisher: Harvard University Press
ISBN: 9780674028258
Category : Art
Languages : en
Pages : 548

Get Book Here

Book Description
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.

Innovation Corrupted

Innovation Corrupted PDF Author: Malcolm S. Salter
Publisher:
ISBN:
Category :
Languages : en
Pages : 56

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Book Description
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.

Innovation Corrupted

Innovation Corrupted PDF Author: Malcolm S. Salter
Publisher:
ISBN:
Category :
Languages : en
Pages : 74

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Book Description
This paper presents a brief historical overview of Enron's rise and fall and summarizes what is currently known 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 a new, 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 Enron's swift collapse and what business and public policies might best protect shareholders, employees, and other relevant parties in the future from the kinds of injuries experienced in Enron's swift decline into bankruptcy.

Innovation Corrupted

Innovation Corrupted PDF Author: Malcolm S. Salter
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description
This paper presents a brief historical overview of Enron's rise and fall and summarizes what is currently known 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 a new, 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 Enron's swift collapse and what business and public policies might best protect shareholders, employees, and other relevant parties in the future from the kinds of injuries experienced in Enron's swift decline into bankruptcy.

Wealth of Persons

Wealth of Persons PDF Author: Fr. John McNerney
Publisher: Wipf and Stock Publishers
ISBN: 1498229948
Category : Philosophy
Languages : en
Pages : 380

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Book Description
Thomas Piketty's Capital in the Twenty-First Century initiated a great debate not just about inequality but also regarding the failures found in the economic models used by theoreticians and practitioners alike. Wealth of Persons offers a totally different perspective that challenges the very terms of the debate. The Great Recession reveals a great existential rift at the core of certain economic reflections, thereby showing the real crisis of the crisis of economics. In the human sciences we have created a kind of "Tower of Babel" where we cannot understand each other any longer. The "breakdowns" occur equally on the personal, social, political, and economic levels. There is a need for an "about-face" in method to restore harmony among dissociated disciplines. Wealth of Persons offers a key to such a restoration, applying insights and analysis taken from different economic scholars, schools of thought, philosophical traditions, various disciplines, and charismatic entrepreneurs. Wealth of Persons aims at recapturing an adequate understanding of the acting human person in the economic drama, one that measures up to the reality. The investigation is a passport allowing entry into the land of economic knowledge, properly unfolding the anthropological meaning of the free economy.

The Valuation Treadmill

The Valuation Treadmill PDF Author: James J. Park
Publisher: Cambridge University Press
ISBN: 1108944914
Category : Law
Languages : en
Pages : 199

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Book Description
Public companies now face constant pressure to meet investor expectations. A company must continually deliver strong short-term performance every quarter to maintain its stock price. This valuation treadmill creates incentives for corporations to deceive investors. Published more than twenty years after the passage of Sarbanes-Oxley, which requires all public companies to invest in measures to ensure the accuracy of their disclosures, The Valuation Treadmill shows how securities fraud became a major regulatory concern. Drawing on case studies of paradigmatic securities enforcement actions involving Xerox, Penn Central, Apple, Enron, Citigroup, and General Electric, the book argues that corporate securities fraud emerged as investors increasingly valued companies based on their future performance. Corporations now have an incentive to issue unrealistically optimistic disclosure to convince markets that their success will continue. Securities regulation must do more to protect the integrity of public companies from the pressure of the valuation treadmill.

Risk and Ruin

Risk and Ruin PDF Author: Gavin Benke
Publisher: University of Pennsylvania Press
ISBN: 0812295072
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
At the time of its collapse in 2001, Enron was one of the largest companies in the world, boasting revenue of over $100 billion. During the 1990s economic boom, the Houston, Texas-based energy company had diversified into commodities and derivatives trading and many other ventures—some more legal than others. In the lead-up to Enron's demise, it was revealed that the company's financial success was sustained by a creatively planned and well-orchestrated accounting fraud. The story of Enron and its disastrous aftermath has since become a symbol of corporate excess and negligence, framed as an exceptional event in the annals of American business. With Risk and Ruin, Gavin Benke places Enron's fall within the larger history and culture of late twentieth-century American capitalism. In many ways, Benke argues, Enron was emblematic of the transitions that characterized the era. Like Enron, the American economy had shifted from old industry to the so-called knowledge economy, from goods to finance, and from national to global modes of production. Benke dives deep into the Enron archives, analyzing company newsletters, board meeting minutes, and courtroom transcriptions to chart several interconnected themes across Enron's history: the changing fortunes of Houston; the shifting attitudes toward business strategy, deregulation, and the function of the market among policy makers and business leaders; and the cultural context that accompanied and encouraged these broader political and economic changes. Considered against this backdrop, Enron takes on new significance as a potent reminder of the unaddressed issues still facing national and global economies. Published in cooperation with the William P. Clements Center for Southwest Studies at Southern Methodist University.

The Social History of Crime and Punishment in America: A-De

The Social History of Crime and Punishment in America: A-De PDF Author: Wilbur R. Miller
Publisher: SAGE
ISBN: 1412988764
Category : Business & Economics
Languages : en
Pages : 2713

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Book Description
This comprehensive and authoratative four-volume work surveys the history and philosophy of crime, punishment, and criminal justice institutions in America from colonial times to the present.

Driven to Lead

Driven to Lead PDF Author: Paul R. Lawrence
Publisher: John Wiley & Sons
ISBN: 0470638532
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
PRAISE FOR DRIVEN TO LEAD "A powerful scientific framework, grounded in evolutionary biology, that helps us think about leadership successes and failures throughout history and how we might address humanity's need for better leadership going forward." —NITIN NOHRIA, dean, Harvard Business School "Brilliant insights—straightforward, easy to comprehend, and extremely useful to anyone in business. I predict the four-drives model will replace Maslow's hierarchy of needs as the accepted way of describing human behavior." —DAVID N. BURT, chairman emeritus, Supply Chain Management Institute, University of San Diego "Paul Lawrence is back! Driven to Lead is the most comprehensive general theory of leadership ever created. By digging deeply into Darwin, Lawrence offers a practical guide for authentic leaders to excel in today's challenging world." —BILL GEORGE, professor of management practice, Harvard Business School, and former chair and CEO, Medtronic "If Darwin had written a book about leadership in the twenty-first century, this would be it." —RANJAY GULATI, Jaime and Josefina Chua Tiampo Professor of Business Administration, Harvard Business School "It's the E = mc2 of human behavior." —MALCOLM DELEO, Vice President of Innovation, Daymon Worldwide "This book presents a rigorous and novel theory on how evolution and the human brain can produce effective and ineffective leadership. The writing is clear. It is accessible to practitioners as well as to researchers." —CHRIS ARGYRIS, professor emeritus, Harvard Business School

The Routledge Companion to Financial Accounting Theory

The Routledge Companion to Financial Accounting Theory PDF Author: Stewart Jones
Publisher: Routledge
ISBN: 1135107262
Category : Business & Economics
Languages : en
Pages : 559

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Book Description
Financial accounting theory has numerous practical applications and policy implications, for instance, international accounting standard setters are increasingly relying on theoretical accounting concepts in the creation of new standards; and corporate regulators are increasingly turning to various conceptual frameworks of accounting to guide regulation and the interpretation of accounting practices. The global financial crisis has also led to a new found appreciation of the social, economic and political importance of accounting concepts generally and corporate financial reporting in particular. For instance, the fundamentals of capital market theory (i.e. market efficiency) and measurement theory (i.e. fair value) have received widespread public and regulatory attention. This comprehensive, authoritative volume provides a prestige reference work which offers students, academics, regulators and practitioners a valuable resource containing the current scholarship and practice in the established field of financial accounting theory.