How did the corporate culture at Enron contribute to its bankruptcy? Did Enron's bankers, auditors and attorneys contribute to Enron's demise?
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- Explain the American Recovery and Reinvestment Act (2009).Short answer is absolutely fine: Does an ancient redwood forest have value other than its economic one as potential lumber? If so, what is this value, and how is it to be weighed against the interests of a company like Maxxam? Are redwoods more important than jobs? Is it morally permissible for private owners to do as they wish with the timberland they own? Explain why or why not. What’s your assessment of Hurwitz? Is he a robber baron, a socially responsible businessperson, or something in between?Consider critically how corporate governance is viewed and handled, as well as how significant it is, bearing in mind that trust, stakeholder activism, investor demand, and the social influence of corporations are all necessary components.
- Explain what peer group analysis means. As a financial manager, how would you use the results of peer group analysis to evaluate the performance of your corporations?Read and analyze the following situation.Bernard J. Ebbers, chief executive officer and founder of the telecommunications giant, WorldCom, owed the corporation $375 million for a loan secured by shares he owned in the company. The value of the company's stock was declining, to the point that the value of its shares was less than the amount of the loan. On February 2, 2002, Mr. Ebbers engaged in a series of communications with leading Wall Street stock analysts, whose opinions helped drive up the stock price, to refute negative news about the company's financial condition. , which was frightening investors. That day, the company's shares increased by 12% in value. Four months later, the company filed for bankruptcy protection due to its precarious economic condition. Answer the following questions:Are the actions mentioned above illegal? Are they unethical? Support and explain your answer. What is the difference between an illegal action and an unethical one? Support and explain your…In what ways do Property Rights and Principal Agent theories help explain the development of the firm? How may these ideas be linked to the low cost airline industry?
- What do you believe the role of the corporation is? Do you agree or disagree with Milton Friedman’s view that “There is one and only one social responsibility of business,” the Nobel economist wrote in 1970: to “engage in activities designed to increase its profits.” Companies must obey the law. But beyond that, their job is to make money for shareholders. https://fortune.com/longform/business-roundtable-ceos-corporations-purpose/What are the activities by activist shareholders regarding corporate governance issues of concern?What lessons can members of a board of directors take away from the Carlos Ghosn saga? What actions can boards take to limit the chance they will face a similar scandal? discuss where Nissan missed the mark and how the board can act to ensure that the firm moves appropriately in this direction. Look to the discussion of integrity-based and compliance-based approaches to ethics, and discuss how the board should use each of these approaches. Ethics can be defined as a system of right and wrong. Ethics assist individuals in deciding when an act is moral or immoral, socially desirable or not. There are many sources of ethics: religious beliefs, national and ethnic beliefs, community standards, family practices, educational experiences, and friends. Business ethics is the application of ethical standards to commercial enterprise. How would you apply any of the concepts on ethical leadership to this situation? What sort of punishment does Carlos Ghosn deserve for his actions?