While Earley and Kelley (2004) emphasized Enron during their post-Enron semester, the film Enron: The Smartest Guys in the Room was not used. We felt that the use of the film would engage students in learning about business ethics and increase the saliency and vividness of ethical issues; thus increasing ethical awareness. Our reasoning follows Gautschi, III and Jones (1998) findings that the use of case study and discussion can increase the vividness of moral issues, thereby enhancing the ability
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Homework Enron : The Smartest Guys in the Room 1. There should be an external body who audits the company on a semi-annual/ yearly basis may it be a government entity or an external/non-biased auditing firm to monitor the activities and provide audit work for Enron. Auditing body should have no conflict of interest, with Enron the auditor, who was Arthur Anderson was also the consultant. 2. Enron’s Board of Director’s were not very keen on the company’s activities and how it was
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Enron: The Smartest Guys in the Room This documentary explores the fall of the Enron Corporation. This is one of the most shocking modern corporate corruptions. The company is linked with several illegal schemes including instigating the California energy crisis as a way to drive up utility prices at the expense of the average American citizen. This was one of the largest business scandals in the history of America. The film examines Enron and how the criminal trials are for several of the company’s
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Enron and Organizational Behavior The book I chose to read for my book report was The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron by Bethany McLean and Peter Elkind. The book was published by the Penguin Group and copyright (C) Fortune, a division of Time Inc., 2003. The Smartest Guys in the Room is about Enron’s rise and fall. Enron was created in 1986 from a combination of InterNorth and Houston National Gas which is basically a natural gas pipeline company
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saying it. I could then hear laughter throughout the entire room. “Okay, okay, I think we need to get to the point,” Smalls said after finishing laughing. “So, we have about one witness to the murder and the sighting of Doggrain’s guards outside Karcrashian’s house.” Wow, the evidence is really strong, I thought to myself. Then, Galore called for the guards to bring in the “witness,” and Karcrashian’s wife, Kristhona, came into the room. “So, Kristhona Karcrashian,” Crocidilic started to say as
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Leadership is an often debated topic. Everyone has their own opinion of the types of characteristics leaders or management should possess. Employees and staff often have their own views about their managers or supervisors leadership style. Many leaders have their own style of leadership. They have their own special way of motivating a group to achieve a goal. There are many types of leadership. What type of leadership brings success? What factors motivate employees to exceed expectation? What must
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Read: Pages 231-245 International Accounting Standards: Keep It Simple The spreading Scourge of Corporate Corruption Do: Ethics Issues—Page 285 Video—ENRON-The Smartest Guys in the Room (17-1900--Optional) Tuesday: October 9—0830-1200; 1300-1630; 1700-1900 (Optional) Chapter 9—Shareholders’ Equity Read the chapter Do: Decision Case 3—Page 602 Ethical Issues 1 and 2—Page 603
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better than others, and then make more money, get a higher job position, and have a better life, everyone needs to have skill-variety. Besides that, I also have obtained certifications for those of my skills, so you guys can never beat me." One day, the farm owner walked into the pig's room with an AK-47 rifle and said "My dear piggy, I am gonna kill you right now." The pig was shocked and then questioned " I am your best employee, why destroy me?" The owner said " I don't know, but I just feel that
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2600 Case Study: The Enron Collapse “Why was it that Enron, a financial services company, in effect, could not release a balance sheet with their earnings statement?” -Jim Chanos, President Kynikos Associates. In the film “Enron: The Smartest Guys in The Room,” analyst Jim Chanos asks why, the 7th largest company in the world at the time, could not supply investors with basic financial statements. These statements as we learn in accounting are the fundamental tools through which we communicate
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White collar crime The phrase white collar crime was first used by Edwin Sutherland in 1939 during a speech to the American Sociological Society. He defined white collar crime as a "crime committed by a person of respectability and high social status in the course of his occupation."(Sutherland, “White-Collar Criminality."). Today, white collar crime refers to illegal offenses that are generally committed in the business or professional setting (white collar versus blue collar jobs) to achieve financial
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