Key Stakeholders Affected By The Collapse Of Enron

List 5 key stakeholders affected by the collapse of Enron? Explain briefly how each stakeholder was affected. a. Stockholders at first reaped tremendous gains from their investments in Enron stock, because the company’s value rose a lot of quicker than market averages throughout the late Nineteen Nineties. In 2001, because the stock value folded, investors lost $70 billion in value. Each individual and institutional shareholders were hurt. Significantly blasted were Enron workers whose 401(k) retirement plans were heavily endowed in their company’s stock. Even shareholders who failed to own any Enron stock were hurt, as stock costs fell across the board within the wake of the scandal as investors doubted the integrity of the many companies’ monetary reports. b. Many staff lost their jobs as a results of Enron’s failure; four thousand were set off directly, with additional to follow. Several staff saw the worth of their retirement accounts collapse. c. The full impact of Enron’s collapse on customers isn t explored within the case. Students might speculate that some customers that had signed semi-permanent contracts with Enron for the delivery of bound commodities were left while not a reliable supply. d. The full impact of Enron’s collapse on suppliers isn t explored within the case. Students could speculate that some companies that had signed long-run contracts with Enron for the delivery of bound commodities were left while not a reliable distributor/customer. e.Show MoreRelatedFall of Enron Essay1430 Words   |  6 PagesQ1- Who were the key stakeholders involved in, or affected by the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Ans- The key stakeholders affected by the collapse of Enron were its employees and retirees. Stakeholders and mutual funds investors lost $ 70billion market value. Banks were also affected by the meltdown of the company. They included big banks like J P Morgan Chase and Citigroup. Not only the stakeholder and bondholder lose outRead MoreThe Enron : Organizational Renewal Theory And Situational Crisis1023 Words   |  5 Pagesthe Enron collapse as we mentioned earlier in the paper. If the organization had a clear-thought out plan, then the company could have managed to save itself from bankruptcy and damaging lives. After reviewing the aftermath of this crisis from several articles it is evident that Enron handle this poorly from start to finish. In this section, we will be focusing on two crisis communication theories as they related to the event. It is actually difficult to properly gauge the theories, as Enron didRead MoreEnron Case1075 Words   |  5 PagesMINI CASE: THE FILURE OF CORPORATE GOVERNANCE AT ENRON 1.Which parts of the corporate governance system, internal and external, do you believe failed Enron the most? In the evaluation of the Enron’s case; by trying to see the very big picture, it is not only about that the internal part of the corporate governance system was failed or but also the external part of the corporate governance system was also failed. As noted on the last paragraph of the mini case, many people from different positionsRead MoreEnron Scandal1477 Words   |  6 Pagesï » ¿Current issue: Scandals in auditing Enron Scandal 1. Introduction Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. These days, not too often, these scandals are splashed as headlines across media. Why? Because there are complex groups of stakeholders who might be seriously affected by the scandals. Enron scam was the most remarkable scandal in 20 centuries by their institutionalizedRead MoreEnron’s Stakeholder Impact Case Analysis Essay1725 Words   |  7 PagesIntroduction: Widely known as the champion of the energy industry, Enron is suddenly faced with a corporate crisis in the form of a scandal. This scandal involves not only Enron’s accounting practices but also its corporate governance and culture (Lawrence Weber, 2008). This report will recommend some potential strategies for Enron to move forward from the scandal. To do this, we must incorporate stakeholder theory, which â€Å"argues that corporations serve a broad public purpose; to create valueRead MoreThe Virtuous Manager1658 Words   |  7 PagesThe Virtuous Manager Enron was the model for rapid growth in the 1990’s but part of the culture and ethics of Enron was disturbing. Falsified documents, cutthroat competitiveness among employees and accounting schemes that hid the truth of the company’s indebtedness were just a few examples of the lack of business ethics within the organization. Perhaps a more virtuous management team could have saved Enron from collapse. Culture of Enron An Indicator of Corruption Enron’s management style wasRead MoreEnron And The Collapse Of Enron1718 Words   |  7 PagesINTRODUCTION Enron, one of the most influential and profitable companies in utility, paper, and communications for numerous years, came crashing down and filed for bankruptcy in fall 2001 (Bottiglieri, Revile, and Grunewald 1). Houston National Gas and InterNorth fused together and created Enron in 1985. The company faced initial problems of debt and loss of exclusive rights to pipelines (Thomas 1). This accounting method allowed Enron to log entire profits from the life of a contract in the yearRead MoreEthics And The Corporate World2649 Words   |  11 PagesIf there’s anything that we could learn from the recent events in the corporate world is that ethics has been undervalued. Many organizations have been destroyed or heavily damaged financially and took a hit in terms of reputation, for example, Enron. The word Ethics is derived from a Greek word called Ethos, meaning â€Å"The character or values particular to a specific person, people, culture or movement† (The American Heri tage Dictionary, 2007, p. 295). Ethics has always played and will continue playRead MoreEnron And Its Impact On Corporate Business Practices1124 Words   |  5 PagesEnron Enron is a company infamous for one of the largest scandals in American corporate history. Over twenty thousand employees and thousands of outside investors had billions of dollars worth of shares in the company that positioned the company to be valuated at about 70 billion dollars with shares trading at about 90 dollars a share in 2001. However, from August to November 2001 Enron s stock value dropped to $0.26, and those who had invested in Enron lost billions of dollars within a coupleRead MoreEnron Case1899 Words   |  8 PagesENRON CASE Please read the Enron cases posted on blackboard and the one in your book then answer the following questions based upon the case and Chapter 9. Make sure that your answers are supported by the facts of the case and the concepts you learned from Chapter 5. Please rely only on the case/chapter 9 to answer the questions except for question # 12—requires outside search. Make sure your answers are sufficiently brief, concise, and relevant to the question. Please avoid general

The Allocation Of Relief Food - 1353 Words

ALLOCATION OF RELIEF FOOD Food security is defined as a situation in which a countries people have physical, social and economic access to sufficient, safe and nutritious food which meets their dietary needs and food preferences for an active and healthy life. In the recent years, and especially starting from 2008, the Kenya has been facing severe food insecurity problems. These are depicted by a high proportion of the population having no access to food in the right amounts and quality. Official estimates indicate over 10 million people are food insecure with majority of them living on food relief. Since not every person is able to access the relief food, the government has come up with ways to ensure that is able to curb drought so as to increase the level of farm production and solve food insecurity problems. MEASURES TAKEN TO FACILITATE DISTRIBUTION OF RELIEF FOOD. 1. KENYA VISION 2030 Under the Vision 2030, the Government has identified the following seven flagship projects for implementation during the next 5 years: a)Agricultural policy reforms b)Three-tiered fertilizer cost reduction c)Branding Kenya farm produce d)Establishment of livestock disease free zones and processing facilities e)Creation of publicly accessible land registries f)Development of agricultural land use master plan g)Development of irrigation schemes. a)Consolidated Agricultural Reform Legislations The Agriculture, Fisheries and Food Authority Act 2012; the Kenya Agricultural and LivestockShow MoreRelatedThe Distribution Of Relief Food Essay1430 Words   |  6 PagesABSTRACT. Distribution of relief food in Kenya is one of the major issues that pose a big challenge to the Government of Kenya through Ministry of Special Programmes- Disaster management. Drought which is caused by the high rate of precipitation is a major disaster affecting 80% of the country population, hence resulting to a large portion of arid and semi arid area in the country. People living in these harsh climate conditions suffer from hunger and death due to lack of food due to prolonged droughtRead MoreQuestions On Knowledge Driven Dss1278 Words   |  6 Pagesfor ERP implementation (DSS_ERP) to facilitate resource allocations and risk analysis, by developing analytical regression models by utilizing data collected from a survey conducted on 400 SMEs that have previously implemented ERP systems. A simulation model is used to validate analytical regression models, and subsequently these validated models are employed to build a nonlinear programming model that provides solutions for reso urce allocations, such as time and budget. The author suggested that SMEsRead MoreThe War On Poverty And Poverty1149 Words   |  5 Pagesthe rain, wind, and cold† (George 671). Despite poverty being a major problem within the boarders of the United States, American government disperses over fifty billion dollars to relieve similar situations in third world countries. A more logical allocation of resources would be to address the problem right here at home rather than blindly giving to the poor of the rest of the world. Fifty-two years ago in 1964 United States President Lyndon Johnson declared War on Poverty in his State of the UnionRead MoreThe United States Federal Government1238 Words   |  5 Pagesassociates responsibilities to these resources, ensuring that money is available to go to war, infrastructure and to help citizens in need. Politicians, as policymakers evaluate key decision-making processes about revenues and expenditures. Resource allocation, fiscal discipline and transparency are supposed to be key factors when making decisions on behalf of the citizens who placed them in office. 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In this passage it is stated that Malthus was proven wrong: â€Å"...Malthus’ dire predictions have proven to be wrong...† (Efficiency and Equity 211). However, though his calculations have proven to be wrong because he could not accurately account for the technological advances that would make food production keep apace of population growth, in manyRead MoreThomas Malthus—Section Summary1487 Words   |  6 Pagesare still being debated today: population control, food production and concerns over uncontrollable diseases arising from the effects of over-population. In this passage it is stated that Malthus was proven wrong: â€Å"...Malthus’ dire predictions have proven to be wrong...† (Efficiency and Equity 211). 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The next step is to gather the funds, equipmentRead MoreDisaster Management and Humanitarian Relief2050 Words   |  8 Pagesworldwide participants in the relief effort in the global community, disaster relief organizations are the forerunners of the help supplied to people affected by catastrophic events. In recent decades, due to the increasing number of disasters that affected all the corners of the world, disaster relief logistics has begun to receive greater enthusiasm and support from both logistics academics and practitioners. Humanitarian logistics encompasses both disaster relief and continuous support for developingRead MoreCumberland County Case Study1377 Words   |  6 Pagescommunity members together. This training can educate volunteers on the utilization of a centralized volunteer center that properly consolidates volunteers in a centralized location for the means of management, credential verification, and proper allocation of assets to ongoing lines of effort in order to reduce redundancy and increase efficiency. Response The Cumberland County Department of Public Safety is responsible for coordinating and managing countywide emergency efforts. Each local municipality

Frederick Douglass Free Essays

This paper attempts to reintroduce the abolitionist Frederick Douglass who played a large role in ending slavery in the United States just before the Civil War. It also intends to answer the question, â€Å"What does Frederick Douglass have to say about the consequences of slavery for Americans, black and white, North and South?† Who is Frederick Douglass? Frederick Douglass was responsible for the abolitionist movement, which actually put an end to slavery which has been occurring in the United States just before the Civil War (Frederick Douglass n.p. We will write a custom essay sample on Frederick Douglass or any similar topic only for you Order Now ).  What does Frederick Douglass have to say about the consequences of slavery for Americans, black and white, North and South? Change of Name The fact that he found out that â€Å"southern slave catchers were roaming the city looking for fugitives in boarding houses that accepted blacks†, his initial reaction to this was not to trust anybody he would meet along the way as he journeys through his life (From Slave to Abolitionist/Editor n.p.). However, as he came looking for a job and a shelter, he met David Ruggles, â€Å"who actually harbors runaway slaves and assisted them reach safe locations in the United States, as well as, Canada† (From Slave to Abolitionist/Editor n.p.). He also altered his name to avoid being arrested (From Slave to Abolitionist/Editor n.p.). He changed it from Frederick Baily to Frederick Douglass (From Slave to Abolitionist/Editor n.p.). Subscriber of Liberator At first though, his reaction was not that obvious since he â€Å"worked as a common laborer† wherein â€Å"he sawed wood, shoveled coal, dug cellars, as well as, loaded and unloaded ships†   (From Slave to Abolitionist/Editor n.p.). However, when he was offered to subscribe to a newspaper called â€Å"Liberator†, which was â€Å"edited by the articulate leader of the American Anti-Slavery Society, named William Garrison†, he also â€Å"felt really sorry† for the slaves (From Slave to Abolitionist/Editor n.p.). Membership to the American Anti-Slavery Society After that, he joined the abolitionist movement wherein he attended â€Å"lectures in New Bedford† (From Slave to Abolitionist/Editor n.p.). He became an official member of the â€Å"American Anti-Slavery Society†, which in turn was instituted in 1833 (From Slave to Abolitionist/Editor n.p.). Articulation of Thoughts by Preaching Because the, black abolitionists were having difficulty articulating their points of view, â€Å"black leaders kept up a constant battle to reduce racial prejudice in the North† (From Slave to Abolitionist/Editor n.p.). Also because of that, he decided to articulate some of his thoughts by becoming a preacher at the â€Å"black Zion Methodist Church† (From Slave to Abolitionist/Editor n.p.). He negated â€Å"attempts by white southerners to oblige blacks to leave and proceed to Africa† (From Slave to Abolitionist/Editor n.p.).   This only shows how Frederick Douglass disagrees to â€Å"African colonization schemes† (From Slave to Abolitionist/Editor n.p.). Issuance of Statements in the Liberator In turn, Frederick Douglass’ opposition to â€Å"African colonization schemes† led him to issue â€Å"anti-colonization statements in the Liberator† (From Slave to Abolitionist/Editor n.p.). He did this by: 1) convincing other individuals to subscribe to the â€Å"Liberator†, as well as, another newspaper technically referred to as the â€Å"Anti-Slavery Standard†; and 2) continuing to lecture nationwide about his life and his thoughts about slavery (From Slave to Abolitionist/Editor n.p.). His lectures or speeches entail his personal experiences, for instance about, atrocious whippings set by â€Å"slave-owners to women, children, and elderly people†; â€Å"head of girl covered with festering sores†; â€Å"masters ‘breeding’ their female slaves†; â€Å" clergymen warning slaves that they would be offending God if they disobeyed their masters†; etc (From Slave to Abolitionist/Editor n.p.). Religion and Economic Status of Whites In addition to the aforementioned, he was so determined to â€Å"show how and why the institution of slavery works†, which in turn revealed its rough treatment and unfairness (Douglass n.p.). For Frederick Douglass, slavery is not â€Å"normal†, as opposed to the views of most people wherein religion and economic status has proven that whites should treat blacks as slaves (Douglass n.p.). Informing Through Writing Also, he exposed the evilness of slavery by writing to eventually inform the â€Å"white audience† with regards to the occurrence in the slave plantations including brutal and corrupt behaviors (Douglass n.p.). He wrote about effects or consequences of slavery including: 1) â€Å"slave owners impregnating their slaves†; 2) raping of Black women; 3) unfortunate fate of the slave’s children; 4) dehumanization of both slave owners and slaves; 4) physical effect/s – lash wounds; 5) emotional effects – the pain of knowing that you are unable to put an end to the situation (Douglass n.p.). Imagery For Frederick Douglass, the aforementioned consequences should be kept away from him (Penguin Group USA n.p.). The women who have undergone slavery or abuse that he wrote about were imageries for the purpose of safely keeping Frederick Douglass â€Å"himself from the dehumanized and demeaned body of the slave† (Penguin Group USA n.p.). This is why Frederick Douglass has to say all that about the consequences of slavery for Americans, black and white, North and South (Penguin Group USA n.p.). This is why he directly stated that slavery leads to abuses including, for instance, the: â€Å"stripping and whipping of a woman; beating of slaves; etc† (Penguin Group USA n.p.). References Douglass, Frederick. Narrative of the Life of Frederick Douglass. 2006. SparkNotes LLC. 16 November 2007 Frederick Douglass. n.d. n.a. 16 November 2007 http://www.spartacus.schoolnet.co.uk/USASdouglass.htm From Slavery to Abolitionist/Editor. n.d. n.a. 16 November 2007 http://www.history.rochester.edu/class/douglass/part2.html Penguin Group USA. Book Clubs/Reading Guide. 2007. n.a. 16 November 2007 http://72.14.253.104/search?q=cache:7nO6kn0StaAJ:us.penguingroup.com/static/rguides/us/narrative_life_of_frederick_douglass.html+consequences+of+slavery+%2B+Narrative+of+Frederick+Douglasshl=tlct=clnkcd=2gl=phclient=firefox-a How to cite Frederick Douglass, Essay examples Frederick Douglass Free Essays The American Slave In Sharon McElwee’s literary analysis of Frederic Douglass literary piece, â€Å"The Narrative of Frederick Douglass, an American Slave, by Frederick Douglass,† Sharon breaks down the different key elements in Douglass’ story that make it so outstanding. Frederick Douglass is famous for his speech given during a time where slavery was still considered acceptable and was used by most wealthy white. Slavery was not viewed as cruel, but a valuable business that could earn them money. We will write a custom essay sample on Frederick Douglass or any similar topic only for you Order Now Although Douglass was not alone, his speech stands out among the others who were fighting for their freedom. Sharon first notices the use of repetition that Douglass uses in his work. She claims that this theme of repetition allows the reader to focus primarily on the content, or message, rather than the literary structure that may sometimes be distracting. Douglass left little room for the imagination and made sure to reiterate and describe exactly what he was saying. She gathers from his works that Douglass wanted to get one main point across; that slavery is dehumanizing and an unfair practice that should be done away with. Because Douglass mentioned these two things numerous times, the reader is able to really connect with the purpose of Douglass argument. Douglass would use words with negative connotation repeatedly throughout his descriptions to help emphasize the fact that nothing good was to be associated with slavery. Sharon even notes that each sentence has a formula that Douglass used to help eliminate any outside thought. Before the semicolon, the first word of each section is the, the second word is an adjective that ends in -er, the third word is either he or she, depending on the subject, and the final word of each section is a verb ending in -ed. This formula makes for easy reading, and again puts the emphasis on the act, allowing the reader to feel they are watching this event unfold in front of them and are able to create their own image instead of some made up, un realistic image that represents a false meaning. Sharon believes that Douglass strongest point throughout his entire work was the incident of the innocent slave being whipped by his slave master for no reason. Sympathy always helps the reader to feel more connected and emotionally involved with the piece. Douglass describes how an innocent slave is beaten for every action he made, no matter if it was right or wrong. This also is made even more powerful by a continuation of repetition throughout his description. Sharon see’s strength in Douglass writing when he describes the beauty of freedom as a ‘glorious resurrection from the tomb of slavery to the heaven of freedom. ’ During this time, the dominant religion was Christianity, therefore Douglass made a spiritual connection with the majority of his readers by making biblical references to the joy of being a free man. Although Sharon sees that Douglass, who is a Christian himself, hates any Christian who owns slaves. Douglass does a good job of hiding this fact from his readers due to his knowledge that a vast majority of his audience would indeed be slave owning Christians. Sharon agrees that Douglass is regarded as one of the greatest anti-slavery works ever written in American history. Through his use of repetition, his emotional and spiritual connection, and his confidence, Douglass was able to get people thinking about right and wrong. His clever writing made it clear and easy for the reader to fully understand his message, leaving no room for doubt about the way Douglass feels about what is going on around him. No fancy tricks, no crazy words, just quick and to the point. The reader gets a up-close and personal look at the unfair treatment of slaves and is allowed to fully understand why slavery should be abolished. I agree with everything that Sharon mentioned in her critique. I would have liked for her to focus more on Frederic Douglass himself and really dig deep into the kind of person he was. I believe, as a reader, that if I felt more acquainted with Frederic I would have connected with her analysis even more. But, Sharon stuck to her job and did a critique on the literary piece and not the author! How to cite Frederick Douglass, Papers