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BSA 310
Essay specific features
Written by:
Amber H
Date added:
January 17, 2016
Level:
Grade:
A
No of pages / words:
4 / 899
Was viewed:
3091 times
Rating of current essay:
Essay content:
The key to its inevitable downfall was greed. A group of Enron management made the decision to put their own personal desires for wealth and power ahead of the company, its employees, and the thousands of investors who trusted in the stocks they held. How did they do it?
The problems began in 1999 when Enron created two non-consolidated special purpose entities, or SPEs [2]...
displayed 300 characters
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How did they do it?
The problems began in 1999 when Enron created two non-consolidated special purpose entities, or SPEs [2]. The investment companies were formed by Enron's CFO Andrew Fastow with the approval of the board of directors [3]. A major conflict of interest lied in the fact that Mr. Fastow became managing director of these companies while holding onto his title of Enron CFO [3]...
displayed 300 characters
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