Enron The Largest Energy Trader - 1669 Words

Enron was the largest company for energy and natural gas made possible through the merging of Houston Natural Gas and InterNorth based in Omaha. The merger made Enron the largest energy trader in the country and the seventh largest in the world. The company advanced into new fields of business by launching a broadband service unit and Enron online, where people can go to trade commodities. Enron rose quickly to become one of America’s most valuable company. It had a peak of $100 billion in revenue and it was taking the market by storm. The company had many major projects and had plans to expand into foreign countries. With the much celebrated success, Enron would have a greater fall than its rise because of mismanagement and poor accounting practices. The company was known for hiring the smartest individuals in the country, but that did not prevent the company from its embarrassing collapse. Enron collapsed with millions of dollars of pension funds and about 5600 people were u nemployed. The company that was thought to be performing in the eyes of the public was actually in deep trouble behind the curtains. The big question many people ask is what caused Enron’s collapse? The truth of the matter is that, Enron’s collapse was not caused by just one thing, it was caused by many things such as theft, lies, poor accounting practices, lack of auditing, political factors, and conspiracy. This is what Enron represented about a decade after the merger, this is how the company becameShow MoreRelatedEnron Was The Largest Trader Of Electricity, Energy And Natural Gas1139 Words   |  5 Pages Alessia Scolaro Accounting II Before its collapse, Enron was the largest trader of electricity, energy and natural gas in the world. Founded in 1985 by businessman Kenneth Lay, Enron quickly became one of the largest corporations in America. It was a company who claimed to valued itself on integrity and truthfulness and whose main goal was to try to change the way the world bought and sold energy. Unfortunately, greed and arrogance along with accounting fraud lead to its ultimate demise.Read MoreAnalysis Of The Movie The Smarted Guys 1584 Words   |  7 Pages Ethics Paper OBHR 330 Jayson Havill The history of Enron is described in detail in the film â€Å"The Smarted Guys in the Room†. According to the film, Enron was founded by Kenneth Lay in 1985, functioning originally as a producer and supplier of natural gas. Enron built and operated power plants and pipelines all over the United States. The company’s wealth expanded quickly due to marketing, promotional strategies and stock price. One of the important aspects noted in the film was Lay’sRead MoreEnron Was The Largest Bankruptcy Of America Essay1224 Words   |  5 PagesEnron had the largest bankruptcy in America’s history and it happened in less than a year because of scandals and manipulation Enron displayed with California’s energy supply. A few years ago, Enron was the world’s 7th largest corporation, valued at 70 billion dollars. At that time, Enron’s business model was full of energy and power. Ken Lay and Jeff Skilling had raised Enron to stand on a culture of g reed, lies, and fraud, coupled with an unregulated accounting system, which caused Enron to goRead MoreEnron Of The Sarbanes Oxley Act Essay1358 Words   |  6 Pages Enron was a U.S. based energy-trading company. At its height of operation in the early part of 2001, it was booking revenues of about $140 billion (Enron Ethics). At the end of 2001 it declared bankruptcy. The Enron bankruptcy was the largest corporate economic failure at that time, and still remains an example of how corrupt practices magnify in the long run. What led to Enron’s failure was primarily a lack of ethics, and poor accounting practices. This scandal was one of the reasons that new regulationsRead MoreEnron, the Smartest Guys in the Room.1229 Words   |  5 PagesEnron, the Smartest Guys in the Room. Enron was involved in American’s largest corporate bankruptcy. It is a story about people, and in reality it is a tragedy. Enron made their stock sky rocket through unethical means, and in reality this company kept losing money. The primary value operating among the traders was greed, money, and how to make profits under any circumstance. The traders thought that a good trader is a creative trader and the creative trader can find any arbitrage opportunityRead MoreEnron Scandal Reaction1483 Words   |  6 Pages The documentary film, Enron: The Smartest Guys in the Room It is a story about the greed in corporate America  that is always exposed after the fact. The  film examines the 2001 collapse of Enron.  At the time of the collapse, Enron  was the largest bankruptcy in history. The Enron story is one of money  and politics, which are two areas that embody the culture of big business in America. The film does a great job  of illustrating the laissez-faire culture that allowed Enron to rise to  prominence whileRead MoreEnron Corporation : A Foundation Of Fraud, Corruption, Greed, And Immorality1547 Words   |  7 Pages â€Æ' Enron Scandal December 31, 2001 will forever be etched in history as the day that one of the biggest white collar scandals came to an end. Electric and natural gas giant Enron was found to have been defrauding its investors out of billions of dollars in order to increase its stock prices, and fatten the pockets of high executives particularly Chairman and CEO Kenneth Lay, President and COO Jeffrey Skilling, and CFO Andrew Fastow. Thousands of employees were laid-off and lost their 401(k); thoseRead MoreEnron, The Natural Gas Provider Essay923 Words   |  4 Pages Enron, the natural gas provider turned trader of natural gas commodities and in 1994, electric, was once touted as the seventh largest company in America. Kenneth Lay, founder, began changing Enron from just a provider into a financial energy powerhouse. Lay took advantage of the dot-com boom of the late 1990’s by creating Enron Online, an internet trading platform. Internet stocks were valued at astronomical prices and were al l the rage on wall street, who accepted the increasing prices as normalRead MoreEnron s Impact On Enron1554 Words   |  7 Pages1985, two companies, Houston Natural Gas, and InterNorth merged to form Enron. Kenneth Lay wanted to create a company that can supply electricity and natural gas at a much lower price. As time went on, Enron ranked as the nation’s sixth largest energy company with global internet trading commodities in plastics, steel, petrochemicals and waste water to name a few (Fusaro, 2000, p. 157). From the time they merged to form Enron up to the point of their collapse, Enron’s executive committee had squanderedRead MoreEnron Scandal And Its Impact On The Economy Essay1305 Words   |  6 PagesThe Enron scandal was the largest corporate financial scandal ever when it emerged. It took the economy the better part of a year to recover from the damage the Enron controversy caused to the US as a whole. Enron is not fully responsible, but it was a large co ntributor to the collapse of the stock market in the early 2000’s. In the year following the 9/11 hit to our country and economy the DOW lost close to 4500 points; down to 7500 from almost 12000, it did gain some back, but considering the great

The Great Gatsby And The 1920s - 1358 Words

Many of the most trying and eye-opening experiences America had ever encountered took place during the years of 1919 and 1930; ranging from the end of the war to the stock market crash, the nation stayed together and developed many inventions and ideas that would drastically change the future of America. Most of the time when people speak about the 1920s they describe them as roaring. They have mental pictures that reflect women in flappers dancing with wine glasses filled to the brim in one hand and a lite cigarette in the other hand. They imagine men in expensive tuxedos buying lavish and luxury items such as cars and mansions. They think of works of literature such as The Great Gatsby that depict the 1920s as a place where people were free to do what they wanted when they wanted, whether it was legal or not. The twenties are considered a time where people had more money than they needed and they spent it accordingly. However, that is not the entire concept of the 1920s. The twenti es were not just a time of over spending. They were a time of fear. People had never had nor seen this much money in circulation. They had especially not grown custom to witnessing people spend the money on items they did not need. Many new inventions marked the beginning of the modern world and were the reason that the 1920s were considered roaring. All these inventions were creating a pathway to bigger and better things. One of the most important inventions created during this time periodShow MoreRelatedThe Great Gatsby: America in the 1920s2381 Words   |  10 PagesConsidered as the defining work of the 1920s, The Great Gatsby by F. Scott Fitzgerald was published in 1925, when America was just coming out of one of the most violent wars in the nation’s history. World War 1 had taken the lives of many young people who fought and sacrificed for our country on another continent. The war left many families without fathers, sons, and husbands. The 1920s is an era filled wi th rich and dazzling history, where Americans experienced changes in lifestyle from musicRead MoreGreat Gatsby; Money in the 1920s1538 Words   |  7 PagesMunns Matt Mr. Mauchley English III 17 February 2012 Money in the 1920’s They say that money is â€Å"the root of all evil. This novel exemplifies how the characters live for money and are controlled by it. Love and happiness cannot be bought, no matter how much money was spent. Tom and Daisy were married and even had a child, but they both still committed adultery. Daisy was with Gatsby and Tom was with Myrtle. They tried to find happiness with their lovers, but the risk of changing theirRead MoreConsequences Of Love In The 1920s, And The Great Gatsby2271 Words   |  10 Pages  Ã‚  Ã‚  Ã‚  In the 1920s, love was something everyone try looking for, but when you had it they didn’t take advantage about it. In the book The Great Gatsby by F. Scott Fitzgerald and the Chicago film by Rob Marshall, love was a big involvement. When the characters had the love they decided to lie to their partner. Lying was a big part of the book and film because their lies lead them to consequences for example; jail, break ups, and death. Relationships were des troyed, and people were killed because ofRead MoreEssay about 1920s in The Great Gatsby1008 Words   |  5 PagesWritten during and regarding the 1920s, ‘The Great Gatsby’ by F. Scott Fitzgerald is both a representation of this distinctive social and historical context, and a construction of the composer’s experience of this era. Beliefs and practises of the present also play a crucial role in shaping the text, in particular changing the way in which literary techniques are interpreted. The present-day responder is powerfully influenced by their personal experiences, some of which essentially strengthen Fitzgerald’sRead MoreThe Great Gatsby and The American Dream of the 1920’s525 Words   |  2 Pagesattaining success, Jay Gatsby of F. Scott Fitzgerald’s The Great Gatsby by all appearances achieved the American Dream. If success is equal to materialism, then Gatsby was indeed successful. He used his display of wealth and possessions to gai n the approval of his true love Daisy Buchanan. Some would argue, however, that this does not represent the American Dream accurately, but is a warning of how materialism can lead to the downfall of individuals and societies. â€Å"The Great Gatsby proves to be of bothRead MoreMorals in the 1920s in F. Scott Fitzgeralds The Great Gatsby979 Words   |  4 PagesThe Great Gatsby written by F. Scott Fitzgerald is a novel about morals of the 1920’s. The 1920’s were times of bootlegging and infidelity. Fitzgerald approaches this aspect appropriately by its characters. The characters all play a role some way or another by committing some type of transgression that come along with these 1920 moral’s. The characters are Nick Carraway, Jay Gatsby, Daisy Buchanan, Tom Buchanan, George Wilson, Jordan Baker and Myrtle Wilson. All these characters portray 1920 moralsRead MoreThe Role of Women in the 1920s and F. Scott Fitzgerald’s the Great Gatsby1561 Words   |  7 Pagestheir shells of modesty and were not afraid to bare a little skin or wear a bit of makeup; when women finally gained some control; when jazz music, drinking and partying were what society lived for; when flappers danced the night away. The 1920s was an era of great change in society’s attitude toward many different aspects of life. For instance, what was considered acceptable behavior for women and the way men treated their wives drastically changed. During World War I, women had to take up many responsibilitiesRead MoreGender Roles in the Roaring 1920s: An Examination of the Women of The Great Gatsby 1795 Words   |  8 Pages The Great Gatsby is often referred to as the great American novel; a timeless commentary on the American Dream. A dream that defines success, power, love, social status, and recreation for the American pub lic. It should be mentioned that this novel was published in 1925, which is a time when the American public had recently experienced some significant changes, including women’s suffrage, which had only taken place 6 years prior to the publication of this novel May of 1919. The women of this eraRead MoreThe Memorable Periold of the 1920s in The Great Gatsby by F. Scott Fitzgerald1168 Words   |  5 PagesThe 1920s was a memorable period in history because numerous notable events were occurring. Throughout the 1920s, commonly referred to as the â€Å"Roaring Twenties†, were the Women’s Rights Movement, Prohibition, and The Great War, among other events. Fitzgerald grew up during this era, which he described in his novel The Great Gatsby as a time when much sinfulness and immorality was occurring. Excessive drinking, extravagant parties, organized crime, and gambling were all major social issues throughoutRead MoreHow Does Tom Buchanan Represent 1920s Society in t he Great Gatsby?702 Words   |  3 PagesHow does Tom Buchanan represent 1920’s society? Tom Buchanan plays a large role in the great Gatsby and is greatly representative of the rich â€Å"old money† part of society, and, in many ways what was wrong with it. F. Scott Fitzgerald may have made Tom a villain because of their rejection of him in his earlier life. Fitzgerald has used Tom in The  Great Gatsby, to demonstrate the power that men had during the 1920s. In order to understand Toms purpose in the book, it must be known that he has been

My Childhood Memories Of The Philippines Essay Example For Students

My Childhood Memories Of The Philippines Essay One of my earliest childhood memories was my maternal relatives, my mother, and I embarking on the process of leaving our homeland; waiting for hours in lines that never seemed to conclude everytime we go to the American embassy, hiding from the check ups and formidable butt shots that my older cousins told me about, and experiencing the thrilling first flight during the typhoon season. I was born in the Philippines which is recently known for its greatest export: its people. More than a million filipinos leave the Philippines every year for employment, usually as: seamen, nurses, domestic helpers, etc. During my younger years, I hated having to move back and forth between the Philippines and some place else. On the other hand, as I grew older, I began to understand my parent’s perspective and that emigrating from the Philippines was more advantageous than disadvantageous for my family. To start with our first move to the United States, I was excited with the prospect of experiencing something new, but I was saddened to realize that we had to leave my father. Similarly, it was also probably difficult for my father to see his wife and only daughter fly away from him to the unknown. At the time, he felt that we abandoned him in the depths of his heart. On the other hand, my maternal grandmother was most likely delighted to see her children and grandchildren; after all, she and my grandfather had petitioned for us to have a green card. Mostly, it was my grandmother who did all the work for us to be petitioned. Of course, it did not take long for the novelty of a new place to wear off for my four year old mind. I missed my father terribly; our only communication at the time was a phone call every night. Not only that, I missed what I. . to accept that it was a choice that my parents have made to sacrifice our time together as a family for something better. If my mother and I did not leave and established our residency, we all would have stayed in the Philippines where I would not have the educational opportunities that I have here. Since the US has better medical technology, my mother can get help for her liver cirrhosis which she would not receive if we stayed in the Philippines. My father earns more for his job here that how much he would make there. Our experience living in the United States was better as I adjusted to my surroundings. Now, that I’m used to adapting and being independent from my parents, I believe that the solitude I had as a child has prepared me for adulthood. Overall, I am, now, grateful for the chance to socially and economically advance as a result of my family’s sacrifice.

The Effects Of The Speeches Of Brutus And Antony Essay Example For Students

The Effects Of The Speeches Of Brutus And Antony Essay The Effects of the Speeches of Brutus and AntonyJulius Caesar is one of Shakespeares greatest works. Its about agroup of conspirators who kill their king, Julius, in order to be free. Antony,opposed to the assassination, felt that he should avenge Juliuss death. Hedelivered a speech that convinced the Romans that the murder was unjust,invoking their rebellion. Brutus, head of the conspiracy, also gave a goodspeech, but the Romans didnt react to it. A battle erupted, and most of theconspirators committed suicide. The styles of the two speeches were verydifferent from each other. Brutuss speech was logical. It contained facts about Caesars ambition. He reminded the people that Caesar would have become a tyrant and would haveenslaved everyone. Brutus also explained that he didnt hate Caesar, but thathe loved Rome more. The people didnt understand, however. At one point, theywanted to crown Brutus, who intended for everyone to be free. We will write a custom essay on The Effects Of The Speeches Of Brutus And Antony specifically for you for only $16.38 $13.9/page Order now Antonys speech was long and it evoked pity and other strong emotions. He gave reasons that proved Brutuss points to be incorrect. Antony had thepeople surround Juliuss body so that he could point out the wounds. As Antonyidentified each slice, he named the man who did it. In a sarcastic tone, Antonyrepeatedly referred to these honorable men. The Romans became enraged andattacked Cinna, a man who they thought was a conspirator, who was actually justa poet. Brutus made a big mistake by letting Antony speak at Caesars funeral. Antonys dramatic speech won the crowd over and ultimately resulted in thedownfall of the conspiracy. The emotional style of Antonys speech was muchmore effective than the rational approach used by Brutus.