Enron paper Research Example | Topics and Well Written Essays - 1500 words

Enron - Research Paper Example Enron was a among leading promoters in restructuring of energy markets which led to the emergent of its name, but the name was later changed to energy country as a result of its invention in new global market. Enron was a pioneer company in the legend of elite of workers in financial world. The company acquired miscellaneous investments to its portfolio and had the capability of obtaining returns of 200% of its investments to shareholders. By 2000, Enron had become a massive company in the industry. They opened branches in South America, India Asia and a host of other European States and countries. They extended their functions by starting occupation in additional projects that they had started, and it is when they started the online manufacturing of energy and telecommunication facilities. They further introduced services such as, risk management, consulting services, internet broadband services, and the launch of outstanding products that protected against bad weather (Hutton 5). H owever, in October 16, 2001, the company was involved in some fraudulent activities and this led it to bankruptcy. On December 2, 2001, in Southern District of New York, Enron Company went ahead and filed for bankruptcy after it recorded a loss of an approximated $638 million in its third quarter earnings, and chose Weil Gotshal and Manges as their bankruptcy counsel. This bankruptcy was as a result of, top executives involved in huge scandals such as, money laundering, corruption and a series of other conspiracies. To add on top of that, they lost their goodwill, investments and confidence by admitting fraud in income of about four years, which was about $586. They also admitted to have hidden $3 billion in debt to create limited partnerships. Afterwards, they faced a massive deterioration in the stock market with, is $90 per share falling to less than $1 per share in 2000. (Bhatnagar et al. 8) Employees of Enron Corporation became affected in disastrous ways, stating form unemploy ment to their retirement savings getting lost in the fraud. Banks also became victims of circumstances by losing millions of dollars of investments that the company had acquired as loan, due to fake earning reports. The firm was sidelined by a number of its clients and workers resulting to them quitting out of business. The report of these financial frauds were preplanned, and systematically arranged to undertake fraudulent activities. The counterfeiting of strategies, embezzling of profits and hiding increased debt diminished the company’s stock value through the fraudulent activities, they were able to gain access in borrowing extra wealth and with this, and they were boosted. The statistics revealed that top executives gave incorrect audit reports about the company’s economic conditions. In February 2002, the company was inquired by Senate Commerce Committee and they later came out of bankruptcy in November 2004 (Bhatnagar et al, 10). Accounting Problems Enron start ed experiencing accounting problems in late 2001 that, compounded of some of its several businesses not doing well as required. In October 2001, Enron announced a series of asset losses which included an

Impact of an all women department vs. an all male department in a Research Paper

Impact of an all women department vs. an all male department in a company - Research Paper Example According to the statistics of the women working in the business world, it has come to an observation that a big portion of the women in the modern world are at the senior level positions in the organizations from across several business industries around various portions of the world. These business sectors include financial services, pharmaceuticals, insurance companies, banking, oil, and gas, health care, telecommunications and several others. Women have not only come under recognition due to transporting expertise in various processes within the organization that entails change management, diversity management, system theory and several others but also have come under appraisal for their enduring leadership skills and teamwork effectiveness (Cleveland & Stockdale &  Murphy, 2000). While looking at the other end of the spectrum, the records and information also reveals the truth that woman in quite a few nations of the world comes under consideration as the weakest vessel that c an never be on parity with the man. Moreover, they have restricted and limited access to a variety of sectors such as political and business. Indeed, they face a number of problems in the world of commerce that incorporate lower salaries, enjoy fewer benefits, do not get sufficient trainings, and lacks in progression or expansion as compared to the men working in the same organization. In addition, women are significantly prone to issues of unemployment and being a victim of harassment both physical and mental (Maatta, 2009). Studies also provide with evidence that the rate of female unemployment is escalating at a calamitously unprecedented rate in quite a number of countries. While on the other hand, the developing countries are making efforts to practice the equal employment opportunity and give fair treatment to all the employees of the enterprise. Furthermore, these organizations aims towards achieving productive work form all the employees regardless of their genders and provi de them a working environment of â€Å"freedom, equity, security, and human dignity† (Maatta, 2009). Studies and surveys have also provided with the information that within the past few decades, the women have contributed to a substantial level in the growth of the GDP on a global basis. Moreover, the current era is alleviating the prejudice attribute from the business world, thus, creating immense scope for the women to boost their productivity and incomes, as these features have been one of the biggest issues that the women used to face in the times of yore (Maatta, 2009). Teams have come under design in order to achieve the goals and tasks of the enterprise that have emerged to be complex and multifaceted. However, teamwork within the organization is â€Å"one of the most effective and efficient way of achieving incredible results with productive performances from the employees† (Carroll, 2011). Moreover, it also facilitates the employee in personal and career devel opment while determining one’s own strengths and weaknesses (Carroll, 2001). When it comes to decision-making, do women and men tend to think in a similar manner or do their brains have a different working mechanism? This is one of the primary questions that come to the mind of a person when talk men and women in relation to their decision-making capabilities.