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1 2 Billion Balance Sheet
1,810 wordsExecutives at high-flying Enron Corp. (ENE) never seemed overly concerned with how the rest of the world viewed their business practices. Earlier this year, the California Attorney General had to get a court order to collect documents in an industry wide investigation into energy price fixing. And when an analyst challenged former CEO Jeffrey K. Skilling in a conference call to produce Enron's balance sheet, Skilling called him an "ass " Still, even some Enron executives worried that the company...
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Enron A History And How The Company Imploded
1,282 words... and Electric Company is one of the three major utility companies in the region, along with Southern California Edison and San Diego Gas & Electric Company. August 14, 2001 CEO Jeff Skilling resigns stating "personal reasons. " October 12, 2001 Enron announces that it made a US $ 638 million loss during the third quarter of the fiscal year 2001. October 24, 2001 Andrew Fastow is ousted as the chief financial officer because of his involvement into questionable business transactions and pa...
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Stock Price 300 Million
820 wordsAs Skilling went up in rank he started to get the company involved in risky investments to make more profit. In an interview with the University of Virginia he said "We like risk because you make money by taking risk, " This was one of the many reasons which got Enron into financial debt, Skilling also persuaded regulators to allow Enron to use "market-to-market" accounting. A technique used by brokerage companies for securities trading. It allowed Enron to count long-term contracts as immediate...
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Mutual Funds Brokerage Firms
1,738 wordsInvestment Class For millions of investors, a frantic rush to contribute to Individual Retirement Accounts before filing their tax returns has become a rite of spring. But procrastinator or not, you have new choices for your IRA this year, including more bank certificates of deposit at attractive market interest rates, now that nearly all government ceilings have been removed. And if this is your second or third year of funneling money into just one type of IRA, it's time you diversified. Invest...
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People Who Live Social And Economic
3,717 wordsINTRODUCTION Human Geography is concerned with the global impact of humans on the built environment, through the influence of economic and social policies on the issues of fundamental significance in both developed and industrialised countries. Three human needs food, clothing and shelter are so fundamental that our lives cannot continue without them (WARD, 1985) As this quotation accurately denotes, shelter is a fundamental element to ensure a good quality of life, and therefore its distributio...
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