shareholder wealth comparison

Essay specific features

 

Issue:

Business

 

Written by:

Steven H

 

Date added:

September 18, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 577

 

Was viewed:

9847 times

 

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Essay content:

In 2001, Enron made several desperate last-minute attempts to make those of its third quarter 2001 numbers look good using aggressive accounting and the tools of modern finance. A case in point is the "structured finance" transaction which took place on September 28, 2001, by which Enron was able to hide a $350 million six-month bank loan from Chase...
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A case in point is the "structured finance" transaction which took place on September 28, 2001, by which Enron was able to hide a $350 million six-month bank loan from Chase. The loan was instead reported by Enron as a normal merchant liability from its trading business. To do this miraculous transformation of an ordinary loan into a derivative, a series of fixed-price and variable commodity trades were transacted between Enron, Chase, and an offshore entity called Mahonia, owned by Chase...
displayed 300 characters

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