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Become friends with The A to Z English Podcast on WeChat!Account ID: atozenglishpodcastHere are some major historical events that occurred on December 2:1852: The French author Victor Hugo published his classic novel "Les Misérables."1942: The first controlled nuclear chain reaction was successfully conducted at the University of Chicago as part of the Manhattan Project, a significant development in the development of nuclear weapons.1954: The United States Senate voted to censure Senator Joseph McCarthy for his conduct during investigations of alleged Communist activities in the U.S. government, bringing an end to McCarthyism.1971: The United Arab Emirates (UAE) was formed as a federation of six emirates, including Abu Dhabi and Dubai.1982: At the University of Utah, Barney Clark became the first human to receive a permanent artificial heart.1993: Colombian drug lord Pablo Escobar was killed in a shootout with police in Medellín.2001: Enron Corporation, one of the world's largest energy trading companies, filed for bankruptcy amid a massive accounting scandal.2001: The United States and Russia agreed to reduce their nuclear weapons stockpiles under the Strategic Offensive Reductions Treaty (SORT).2015: A terrorist attack in San Bernardino, California, left 14 people dead and 22 injured.These are just a few examples, and there are undoubtedly many more events that have occurred on December 2 throughout history.Podcast Website:https://atozenglishpodcast.com/a-to-z-this-day-in-world-history-december-2nd/Social Media:Facebook Group: https://www.facebook.com/groups/671098974684413/Tik Tok:@atozenglish1Instagram:@atozenglish22Twitter:@atozenglish22A to Z Facebook Page:https://www.facebook.com/theatozenglishpodcastCheck out our You Tube Channel:https://www.youtube.com/channel/UCds7JR-5dbarBfas4Ve4h8ADonate to the show: https://app.redcircle.com/shows/9472af5c-8580-45e1-b0dd-ff211db08a90/donationsRobin and Jack started a new You Tube channel called English Word Master. You can check it out here:https://www.youtube.com/channel/UC2aXaXaMY4P2VhVaEre5w7ABecome a member of Podchaser and leave a positive review!https://www.podchaser.com/podcasts/the-a-to-z-english-podcast-4779670Join our Whatsapp group: https://forms.gle/zKCS8y1t9jwv2KTn7Intro/Outro Music: Daybird by Broke for Freehttps://freemusicarchive.org/music/Broke_For_Free/Directionless_EP/Broke_For_Free_-_Directionless_EP_-_03_Day_Bird/https://creativecommons.org/licenses/by/3.0/legalcodehttps://freemusicarchive.org/music/Scott_Joplin/Piano_Rolls_from_archiveorg/ScottJoplin-RagtimeDance1906/https://creativecommons.org/publicdomain/mark/1.0/Support this podcast at — https://redcircle.com/the-a-to-z-english-podcast/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Chapter 1 What's The Smartest Guys in the Room"The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron" is a book written by Bethany McLean and Peter Elkind. It explores the rise and fall of Enron Corporation, one of the largest energy trading companies in the world, and its subsequent bankruptcy in 2001. The book delves into the deceptive practices, corporate greed, and accounting fraud that led to the downfall of Enron, as well as the impact it had on employees and investors. Published in 2003, the book serves as a detailed account of the Enron scandal and the lessons that can be learned from it.Chapter 2 Why is The Smartest Guys in the Room Worth Read"The Smartest Guys in the Room" by Bethany McLean is worth reading for several reasons:1. In-depth analysis: The book provides a comprehensive analysis of the Enron scandal, one of the biggest corporate frauds in history. McLean, a renowned financial journalist, delves into the intricate details of Enron's rise and fall, uncovering the web of deception, corruption, and misguided ambition that led to the company's demise. She dissects the complex financial maneuvers used by Enron, making it accessible for readers with little background in finance.2. Engaging storytelling: McLean's storytelling capabilities make the intricate details of the Enron scandal come alive. She weaves together multiple narratives, including interviews with former Enron employees and executives, to present a captivating and gripping narrative. This makes the book not only informative but also highly engaging, keeping readers hooked from beginning to end.3. Insight into corporate and financial practices: "The Smartest Guys in the Room" offers valuable insights into the world of corporate and financial practices. It exposes the flawed corporate culture prevalent in Enron, where greed, arrogance, and deceit were allowed to flourish. Readers gain a better understanding of the warning signs and the impact of unethical behavior, allowing them to develop a more discerning eye when it comes to assessing corporate practices in the future.4. Lessons for business and finance: The Enron scandal provides valuable lessons for both the business and finance sectors. By highlighting the failures of corporate governance, accounting practices, and regulatory oversight, McLean's book serves as a cautionary tale for those involved in corporate decision-making. It prompts readers to critically analyze the systems and structures in place within their own organizations to prevent similar breakdowns.5. Impact on society: Beyond the world of business and finance, "The Smartest Guys in the Room" exposes the consequences of corporate wrongdoing on society as a whole. The effects of Enron's collapse were far-reaching, leading to significant job losses and financial ruin for countless people. By shedding light on these broader implications, the book encourages readers to be more conscious of the societal impact of corporate actions and the importance of ethical behavior in business.Overall, "The Smartest Guys in the Room" is a meticulously researched, well-written, and thought-provoking book that offers valuable insights into the Enron scandal, corporate culture, and financial practices. It combines engaging storytelling with thorough analysis, making it a must-read for anyone interested in understanding the dynamics of corporate fraud and its impact on society.Chapter 3 The Smartest Guys in the Room Summary"The Smartest Guys in the Room" by Bethany McLean is a detailed account of the Enron scandal that rocked the corporate world in the early 2000s. The book explores the rise and fall of Enron, a Texas-based energy company...
Pauline explains the rise and scandalous collapse of Enron Corporation. Find the show on Twitter or Instagram
The world of supply chain has been battered by unprecedented disruption over the past 2 – 3 years, and we appear to be far from emerging into a period of stability and positivity.The pandemic saw manufacturing and supply dwindle to a trickle and the conflict in Europe has created further disruption and escalating costs in energy and raw material prices.So how does the Supply Chain, Procurement and Purchasing need to develop, to maintain success and growth now and in the coming decades?In this podcast we discuss many subjects including:Change occurring within supply chain strategy.Consolidation of spend.How to keep a handle on your supply chain?The importance of digital research for smaller companies.The impacts and changes occurring in stocking and logistics.Sustainability metrics for suppliers.ABOUT THE GUESTMy next guest, Jeff Golden, is Chief Operating Officer of Raiven. He has been a Captain in the US Army Field Artillery, held a number of Director level positions in the Enron Corporation, is a Christian teacher and pastor, and is now the Chief Operating Officer in Raiven, a company that uses its patent-pending SaaS technology to help MRO distributors and B2B customers gain visibility to their preferred product and service offerings. Website: https://www.raiven.com/LinkedIn: https://www.linkedin.com/company/raiven/ABOUT THE HOSTMy name is Dave Barr.I have been working as a Procurement Manager for well over 20 years and have had the joy of working in various manufacturing industries throughout this time.I am passionate about self development, business improvement, saving money, buying quality goods and services, developing positive and effective working relationships with suppliers and colleagues and driving improvement through out the supply chain.Now I wish to share this knowledge and that of highly skilled and competent people with you, the listener, in order that you may hopefully benefit from this information.CONTACT ME, The Real Life Buyer @Email: david@thereallifebuyer.co.ukWebsite: https://linktr.ee/thereallifebuyerIf you are a Purchasing, Supply Chain or Logistics professional why not apply to my private Facebook Group ? Just look for the "Purchasing and Supply Chain Community Hub".Find and Follow me @reallifebuyer on Facebook, Instagram, Twitter and now TikTok.I am proud to say this podcast is now rated as in the top 40 in the UK. See position number 25 here https://blog.feedspot.com/uk_podcasts/ for more.Click here for some Guest Courses - https://www.thereallifebuyer.co.uk/guest-courses/Click here for some Guest Publications - https://www.thereallifebuyer.co.uk/guest-publications/DisclaimerThe views, information, or opinions expressed during this podcast are those solely of the host and guest(s) involved and do not reflect the views of any other individual or company. This podcast does not constitute professional advice or services. We do not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information is strictly at your own risk and we will not be liable for any losses or damages in connection with any information provided.
Audio of Part 2: Skilling v. United States (2010) Majority Opinion Jeffrey Skilling was a longtime officer of the seventh-highest revenue-grossing company in America, Enron Corporation. He served as CEO from February until August 2001, when he resigned He was later convicted of conspiracy, securities fraud, making false representations to auditors, and insider trading. On appeal, he argued that the government prosecuted him under an invalid legal theory and that the jury was biased. There were two questions before the Supreme Court in this case: 1) When a presumption of jury prejudice arises because of the widespread community impact and inflammatory publicity of the defendant's alleged conduct, can the government rebut the presumption of prejudice? If so, must the government must prove beyond a reasonable doubt that no juror was actually prejudiced? 2) Whether the federal "honest services" fraud statute, 18 U.S.C. § 1346, requires the government to prove that the defendant's conduct was intended to achieve "private gain" rather than to advance the employer's interests, and, if not, whether the statute is unconstitutionally vague. The opinion of the Court was divided into three parts; parts one and two cover the facts of the case and answer the first question regarding juror bias. Part three addresses the second question before the Court regarding the federal "honest service" fraud statute. I have divided this opinion into two episodes. Part One, which I read last episode, included parts one and two of the opinion, regarding the facts of the case and jury bias. This episode, Part Two will cover part three of the opinion, regarding the federal "honest service" fraud statute. And like I mentioned last episode, this episode contains the part of the opinion that relates to a case before the Court this term, Percoco v. United States. Access this SCOTUS opinion along with other essential case information on Oyez.. Music by Epidemic Sound
Audio of parts II and III of Skilling v. United States (2010) Majority Opinion. Jeffrey Skilling was a longtime officer of the seventh-highest revenue-grossing company in America, Enron Corporation. He served as CEO from February until August 2001, when he resigned He was later convicted of conspiracy, securities fraud, making false representations to auditors, and insider trading. On appeal, he argued that the government prosecuted him under an invalid legal theory and that the jury was biased. There were two questions before the Supreme Court in this case: 1) When a presumption of jury prejudice arises because of the widespread community impact and inflammatory publicity of the defendant's alleged conduct, can the government rebut the presumption of prejudice? If so, must the government must prove beyond a reasonable doubt that no juror was actually prejudiced? 2) Whether the federal "honest services" fraud statute, 18 U.S.C. § 1346, requires the government to prove that the defendant's conduct was intended to achieve "private gain" rather than to advance the employer's interests, and, if not, whether the statute is unconstitutionally vague. The opinion of the Court was divided into three parts; parts one and two cover the facts of the case and answer the first question regarding juror bias. Part three answers the second question before the Court regarding the federal "honest service" fraud statute. I'll be splitting this opinion into two episodes. Part One, which is this episode, will include parts one and two of the opinion, regarding jury bias. Part Two will cover part three of the opinion, regarding the federal "honest service" fraud statute. Access this SCOTUS opinion and other essential case information on Oyez. Music by Epidemic Sound.
Israeli based Jacob Lapid has tales of intrigue to tell. From investigating the Dutch connection to the Enron Corporation fraud to exposing a secret association between managers, clients and a Swiss bank involving 90 million pounds to finding two abducted American children in Tunisia, Jacob has experiences spanning over 30 years. And, he is an acclaimed artist as well, often chronicling his experiences of the 1973 Yom Kippur War. You will definitely want to join in to hear the adventures of Jacob Lapid.
Israeli based Jacob Lapid has tales of intrigue to tell. From investigating the Dutch connection to the Enron Corporation fraud to exposing a secret association between managers, clients and a Swiss bank involving 90 million pounds to finding two abducted American children in Tunisia, Jacob has experiences spanning over 30 years. And, he is an acclaimed artist as well, often chronicling his experiences of the 1973 Yom Kippur War. You will definitely want to join in to hear the adventures of Jacob Lapid.
"The Real Reason NBC 'Pulled The Plug' On Whoopi Goldberg's Failed Sitcom After One Season BY ROCCO PAPA PUBLISHED 16 HOURS AGO Whoopi Goldberg's NBC sitcom might've been a little too controversial for the network. Whoopi Goldberg is a name most people are familiar with. If it's not for her successf" "--START AD- #TheMummichogblogOfMalta Amazon Top and Flash Deals(Affiliate Link - You will support our translations if you purchase through the following link) - https://amzn.to/3CqsdJH Compare all the top travel sites in just one search to find the best hotel deals at HotelsCombined - awarded world's best hotel price comparison site. (Affiliate Link - You will support our translations if you purchase through the following link) - https://www.hotelscombined.com/?a_aid=20558 “So whatever you wish that others would do to you, do also to them, for this is the Law and the Prophets."" #Jesus #Catholic. END AD---" "ul career as an actress, it's for her hosting gig on The View. Goldberg has been a public figure who divides opinion, but is beloved all the same. She is one of the few who have reached EGOT status. Goldberg has starred in such films as The Color Purple, Ghost, and Sister Act. In 2003, however, Goldberg tried her hand at something different. She developed a sitcom for NBC titled Whoopi. The show received mixed reception from critics and was canceled after one season. Many felt Goldberg's career seemed grim after this failed venture. Close However, Goldberg got her career back on track. What exactly was the reason the sitcom didn't do well with critics? Why didn't it last beyond its one season? Let's find out. Whoopi Goldberg Gets Her Start In The Business Goldberg made her first onscreen appearance in the avant-garde William Farley film Citizen: I'm Not Losing My Mind, I'm Giving It Away in 1982. She also got further attention in her one-woman show where she portrayed Moms Mabley in 1983 and 1984. In 1983, Goldberg created The Spook Show, a one-woman show consisting of different character monologues. One of the characters, Fontaine, was into drugs and shared their opinion on the world's issues. Director Mike Nichols saw one of the performances and got emotional in the audience. He helped Goldberg transfer the show to Broadway, where it was taped for HBO. The special was titled Whoopi Goldberg: Direct from Broadway, and aired in 1985. RELATED: What Whoopi Goldberg Has Planned For Sister Act 3 Goldberg's Broadway run caught the eye of Steven Spielberg, who cast her in his film The Color Purple. This film helped propel Goldberg into super stardom. She even received an Oscar nomination for Best Actress. Goldberg would later star in the film Ghost, under the insistence of its star Patrick Swayze. Goldberg once again received major acclaim for her performance. This time, she was not only nominated for an Academy Award, but won. Goldberg took home the trophy for Best Supporting Actress, becoming the first Black woman to do so. Goldberg found continued success with the popular Sister Act movie and its sequel. She also appeared in the 1998 film How Stella Got Her Groove Back. The Sitcom Whoopi Failed On NBC Whoopi Goldberg developed a sitcom for NBC called Whoopi. The actress acted as executive producer as well. The show was created by Bonnie and Trey Turner, with all episodes directed by Terry Hughes. It premiered in September 2003. The show followed Mavis Rae, played by Goldberg, a one-hit wonder from the 1980s who ran a hotel in New York City. She was a heavy smoker who drank heavily. Mavis also had a lot of strong political opinions and cared very little about being politically correct. She expressed an open disdain for the then-President George W. Bush. She was also very rude to the people around her, although there were occasional moments of softness. Mavis's brother Courtney, played by Wren T. Brown, was living rent-free at the hotel. Courtney lost his job at Enron Corporation and was looking for
จากเคสระดับนานาชาติ นายปั้นเงิน และยชญ์ บรรพพงศ์ ร่วมกับ ก.ล.ต. พาคุณผู้ฟังมาสู่เรื่องราวหายนะทางการเงินระดับองค์กรที่สร้างความเสียหายให้กับบุคคลแวดล้อมที่เกี่ยวข้องได้ไม่แพ้กัน และเอพิโสดนี้คือเคสคลาสสิกของผู้สนใจด้านการเงินการบัญชีทั้งหลายที่เกิดขึ้นในช่วงปี 2000 นั่นคือกลโกงของบริษัทพลังงานที่ชื่อว่า Enron Corporation การทรานส์ฟอร์มจากบริษัทผลิตพลังงาน สู่บริษัทซื้อขายทรัพยากรพลังงาน ทำให้ Enron กลายเป็นบริษัทยักษ์ใหญ่ที่น่าจับตามองแห่งสหรัฐอเมริกา ทั้งหมดนี้มีเบื้องหลังเป็นมันสมองของผู้บริหารทั้ง Kenneth Lay ผู้ก่อตั้งและซีอีโอคนแรก, Jeffrey Skilling ซีอีโอคนที่สอง, Andrew Fastow ซีเอฟโอของบริษัท และ Arthur Anderson ผู้ตรวจสอบบัญชีรายใหญ่หนึ่งในห้าแห่งของสหรัฐฯ ร่วมกันสร้างกลโกงทางบัญชีครั้งยิ่งใหญ่ จนกว่าจะถูกเปิดโปงได้ ก็มีผู้เสียหายไปกับ Enron Corporation มากมายเสียแล้ว ไปฟังความยิ่งใหญ่ กลเม็ดเด็ดพราย การล่มสลาย และเศษซากที่หลงเหลือจากเวทมนตร์กลโกงทางบัญชีที่ซับซ้อนที่สุดครั้งหนึ่งในประวัติศาสตร์กัน #SalmonPodcast #MoneyArmageddon #DPA #สถาบันคุ้มครองเงินฝาก #กลต #SEC #สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ #วันเงินตราวินาศ Learn more about your ad choices. Visit megaphone.fm/adchoices
MoxieMoments brings you Donald E. Lassere, Former President & CEO, Muhammad Ali Center, talks about what Muhammad Ali was like. Donald E. Lassere leads the Muhammad Ali Center and fosters its mission of building and expanding on the Center's educational programs, partnerships, and other outreach initiatives. He facilitated a comprehensive rebranding process and implemented a strategic plan that focused the Center on the three primary program areas of education, global citizenship, and gender equality. Donald also launched the Muhammad Ali Global Humanitarian Awards, designed to inspire and encourage young people worldwide to become actively involved in social justice issues that impact their communities, countries and the world. Prior to joining the Muhammad Ali Center, he served as senior vice president of programs at Scholarship America. In this role, he administered over 1,200 scholarships, tuition reimbursement and education assistance programs amounting to over $160 million annually. Previous to Scholarship America, Donald spent over 20 years working at top-tier organizations including Gallup Consulting, Enron Corporation, Ernst & Young Consulting, and Verizon. He currently serves as the chair for the Louisville Convention and Visitors Bureau and he is on the advisory board for the Family Business Center. He is also on the Jeffersonville County Technical College Presidential Search Task Force. Donald holds a law degree from Georgetown University Law Center, a Master of Business Administration from Harvard Business School, and a Bachelor of Science in Business Administration from the University of San Francisco.
This week on Hashtag History, we are discussing the Enron Scandal, a major accounting fraud that took place in late-2001 when Enron Corporation - who, only the year prior, was considered to be one of the most successful companies in the world - announced that it was posting a $638 billion dollar loss in the third quarter…and then followed up that up shortly thereafter by filing for Chapter 11 bankruptcy protection. In only a few months, the company's stock price - which, at its height, was $90 per share - fell to less than $0.26 per share. Along with the demise of the company also came the demise of nearly $2.1 billion dollars in pension plans for its thousands of employees. In fact, as higher-ups in the company were selling off their stock - aware that things were going to tank soon - they were simultaneously telling lower-level employees to invest in more company stock. The Securities and Exchange Commission investigated what happened at Enron and found that they had been conducting shady accounting practices, such as writing future gains (that had not yet been received) into current income statements and transferring their bad assets into special purpose entities in order to keep them off the books. Essentially, Enron was lying about their profits, defrauding investors, their employees, and Americans as a whole. Follow Hashtag History on Instagram @hashtaghistory_podcast for all of the pictures mentioned in this episode. Citations for all sources can be located on our website at www.HashtagHistory-Pod.com. You can also check out our website for super cute merch! You can now sponsor a cocktail and get a shout-out on air! Just head to www.buymeacoffee.com/hashtaghistory or head to the Support tab on our website! You can locate us on www.Patreon.com/hashtaghistory where you can donate $1 a month to our Books and Booze Supply. All of your support goes a long ways and we are endlessly grateful! To show our gratitude, all Patreon Supporters receive an automatic 15% OFF all merchandise in our merchandise store, bonus Hashtag Hangouts episodes, a shoutout on social media, and stickers! Check out Macy's delicious wine here → https://glnk.io/rpln/hashtaghistory-podcast #macyswineshop THANKS FOR LISTENING!
Social capital and internship experiences are crucial to finding opportunities in the labor market and building a successful career. However, many students from disadvantaged backgrounds often lack the networks that can help them find and successfully navigate early work experiences. First Workings is a non-profit organization that seeks to create access and support by connecting youth from disadvantaged New York City communities to paid internships, training, and mentors at firms looking for young, talented, diverse workers. In this episode, Kevin Davis, Founder and Chairman of First Workings, describes his career in finance and his vision for helping young people find the first rung of career ladders. Together, we discuss the inequalities in opportunity for the young people he serves, and the importance of social capital, relationships at work, diversity in the workplace, and vocation. Mentioned in the Episode https://firstworkings.org/ (First Workings) https://firstworkings.org/internship-partners/ (First Workings partners) https://firstworkings.org/impact/alumni-stories/ (First Workings alumni network) https://as.nyu.edu/faculty/kevin-davis.html (Kevin Davis Biography) https://www.cmegroup.com/ (Chicago Board of Trade) (merged with the Chicago Mercantile Exchange in 2007) https://corporatefinanceinstitute.com/resources/knowledge/finance/futures-contract/ (Financial Futures) https://edfman.com/ (ED&F Man) (Commodities division) https://www.man.com/ (Man Group) https://en.wikipedia.org/wiki/MF_Global (Man Financial) (Man Group brokerage division which was separated from Man Group in 2007) https://www.londonstockexchange.com/ (London Exchange) https://thehedgefundjournal.com/the-last-days-of-refco/ (Refco's bankruptcy) https://www.nyse.com/index (NY Stock Exchange) http://large.stanford.edu/courses/2018/ph240/smith1/ (Enron Corporation) https://www.nyu.edu/ (New York University (NYU)) https://www.bls.gov/cps/demographics.htm (U.S. Workforce Demographics) https://www.lazard.com/ (Lazard Frères & Co.) https://www.morganstanley.com/ (Morgan Stanley) https://www.mountsinai.org/ (Mount Sinai) https://lenoxhill.northwell.edu/ (Lenox Hill Hospital) https://educationdata.org/number-of-college-graduates (U.S. College graduation rates) and https://educationdata.org/college-dropout-rates (Drop-Out rates)
The five-part series on the Enron Trial kicks off with Tom Fox and actual trial attendee, Loren Steffy. This first episode highlights the major events that led up to the beginning of the trial, many years ago. Enron in the Early Years Enron was once the seventh biggest publicly traded company in America. When natural gas trading was deregulated, Enron made a name for themselves by creating a platform that allowed for easy trade of natural gas contracts. The Downfall of Enron As Enron grew, they attempted to expand their trading mentality to other markets. There was intense pressure to prove their successes due to being publicly traded, and eventually, they found a way to hide debt and fabricate numbers. However, in mid 2001, their stock began to fall and the questions flooded in. Enron's lies quickly unraveled, leaving them bankrupt by early December - they went from being the seventh largest company in America, to being broke. The Arrest and Key Charges One of the stunning things about Enron, as a corporate scandal, was that it was really the first time this sort of widespread fraud was seen. In the case of Enron, there were dozens of indictments, but many unindicted co-conspirators. Most of the executives cut plea deals, agreeing to testify against the chairman, Kenneth Lay, and former CEO, Jeffrey Skilling. Though there had been past cases of corporate malfeasance, there had never before been a corporate culture so focused on malfeasance as Enron Corporation. “Looking back at Enron,” Loren says, “it was a culture that really encouraged people to break the rules.” Off-the-books Partnerships Enron's partnerships began with an operation called JEDI, done with a small oil and gas company, CODA Energy. Their debt was placed into this entity, and essentially, hidden. This became the model that they used, eventually being done on a larger scale with more interlocking companies passing debt back and forth. A partnership with LJM was where most of the debt was parked. Conflicting documents related to this partnership are what led to the exposure of Enron's sharp practice. Other famous partnerships included Enron Broadband, and the Nigerian barge deal. Andrew Fastow's Role Andrew was the CFO at Enron, and quite the unusual one, at that. He was more of a behind-the-scenes guy in the company, but became a critical player in the trial. Agreeing to a plea deal, he testified against Lay and Skilling in exchange for a ten year sentence. As an observer in the trial, Loren stated that, “His testimony was very striking. He seemed very sincere in the fact that he believed that the company had done things wrong, and that he had committed crimes.”
In this episode of The Ethics Experts, Gio and Nick welcome Sherron Watkins, former Vice President of Enron Corporation who alerted then-CEO Ken Lay in August 2001 to accounting irregularities within the company, warning him that Enron ‘might implode in a wave of accounting scandals.'.
Twenty years ago, California went dark. Without enough electricity to power the state, rolling blackouts shut down businesses, PG&E filed for bankruptcy, the state's economy contracted and then-Governor Gray Davis' administration spiraled into crisis. Part of the blame rested with Enron Corporation, an energy company whose brokers created an artificial electricity shortage by taking power plants offline — thereby raising prices by 800% or more. Enron ultimately unravelled when whistleblowers revealed its books were cooked, but not before the company severely damaged energy markets. Two decades later, Forum asks what we've learned from that calamity— and whether our electricity supply is safe from market manipulation.
In the mid-1990s, Enron Corporation solidifies its position as the top energy company in America. Investment manager Sherron Watkins lands a dream job at Enron, but quickly learns that its office culture and accounting practices make it a treacherous place to work.This episode originally aired on August 27, 2019.Listen to new episodes 1 week early and to all episodes ad free with Wondery+. Join Wondery+ for exclusives, binges, early access, and ad free listening. Available in the Wondery App https://wondery.app.link/americanscandal.Support us by supporting our sponsors! Privacy Policy and California Privacy Notice.
Wall Street's beloved company, adored by many investors, went from trading at $90 to as low as 26 cents and declared bankruptcy! Everything happened in less than a month. Causing billions of dollars to be stolen, thousands of jobs lost, dozens of convictions, and one suicide. The name of the company is Enron Corporation. In this episode, we are going to be discussing the Rise & Fall of Enron Corporation. 1. How did this company, with a market cap of $65 billion dollars, the 7th largest publicly traded company in the US, go bankrupt? 2. How did they manage to fool the public and regulators? 3. What can we learn from this incident? 4. And how can we avoid investing in fraudulent companies like this? Check out this episode to find out more! Also, for more info about Delugne Investing, check out Delugne.com to find out more! FREE Investment Analysis - The Next 100x Opportunity That Could Change Your Life FREE Index Investing Training - 10-Day Index Investing Training Source: 1. Enron Scandal 2. Enron Scandal: The Fall of a Wall Street Darling 3. The Rise and Fall of Enron 4. Enron - The Biggest Fraud in History 5. Jeffrey Skilling - "Meet The Psychopaths" - Documentary
Nordic Business Ethics Network's Anna and Niina had an insightful discussion with Andrew "Andy" Fastow, the former chief financial officer of Enron Corporation.
The Enron Corporation practiced deception and the results need to be remembered for every business person. Check out what happened to them, it's not pretty. http://wowzertech.com/ https://www.facebook.com/BestCloudAcc... Follow us on Facebook Cloud Accounting and Bookkeeping Automate your business. Business Culture Solutions, Get back your time and money by outsourcing your bookkeeping and accounting. Specialized software for Amazon and Shopify Sellers. small business accounting software small business software Xero business accounting software Accounting Automation
30 企業主的品格是企業能長期制勝與永續經營的基石。 分享者:Steve Wu講師 「眼看他起朱樓,眼看他宴賓客,眼看他樓塌了」。這是清朝曲作家孔尚任在《桃花扇》中的名句,也經常被後世很多人藉用來形容從盛極一時走向衰亡的光景。 2019年8月15日,會計專家哈利‧馬可波羅斯(Harry Markopolos)在一份研究報告中指控奇異(General Electric Company,簡稱GE)公司財務造假,掩蓋了一些嚴重的問題,並且向監管者提供錯誤和欺詐財務報告。他與他的團隊發布的175頁報告中直指奇異在財務報表上造假;除了列舉出奇異公司以下的四大罪行,更將其稱為「比安隆公司更大的欺詐行為(Enron Corporation,安隆醜聞案是美國歷史上最大破產案,也是最大的審計失敗事件)」: 公司會計違規行為涉及金額高達380億美元(約新台幣1.2兆元),相當於當時市值的54%以上 公司的保險準備缺口高達185億美元(約新台幣5,794億元) 油氣業務的會計方式有問題 營運資金情況遠比公開的還要糟 哈利‧馬可波羅斯認為奇異公司涉及的財務問題規模超過兩起美國著名的財務造假醜聞,也就是美國前能源巨頭安隆公司和前電信巨頭世界通訊公司的總和。由於這份報告的揭露,奇異8月15日當天收盤股價下跌11.4%,市值蒸發89.8億美元(約新台幣2,812億元),同時也讓美國司法部和美國證交會對其會計行為進行調查。 GE奇異公司這家百年企業除了有神一般存在的創辦人愛迪生,在80~90年代更出現了一個現代(二十世紀)管理學無不爭相吹捧、追隨的傳奇CEO傑克.威爾許。所有當時的企業前仆後繼學習奇異公司的制度與管理方式,像是六個標準差(Six Sigma)等,著實為彼時的顯學;而威爾許也被戴上了管理大師的桂冠。 如今的奇異公司,不僅光環不再,涉入這樣的醜聞疑雲,更是讓百年企業的招牌蒙塵。看著書架上一落關於奇異電器/傑克.威爾許的管理書籍,對照著這篇報導,孔尚任的名句所描述的場景隨即映入眼簾,令人不勝唏噓…… 管理技術或有高下新舊之分,然而我個人認為最關鍵的還是企業主/領導者的品格。維持integrity的完整與高尚品德,應該才是企業能長期制勝與永續經營的基石。
Israeli based Jacob Lapid has tales of intrigue to tell. From investigating the Dutch connection to the Enron Corporation fraud to exposing a secret association between managers, clients and a Swiss bank involving 90 million pounds to finding two abducted American children in Tunisia, Jacob has experiences spanning over 30 years. And, he is an acclaimed artist as well, often chronicling his experiences of the 1973 Yom Kippur War. You will definitely want to join in to hear the adventures of Jacob Lapid.
Israeli based Jacob Lapid has tales of intrigue to tell. From investigating the Dutch connection to the Enron Corporation fraud to exposing a secret association between managers, clients and a Swiss bank involving 90 million pounds to finding two abducted American children in Tunisia, Jacob has experiences spanning over 30 years. And, he is an acclaimed artist as well, often chronicling his experiences of the 1973 Yom Kippur War. You will definitely want to join in to hear the adventures of Jacob Lapid.