Corporate Communication

Enron Scandal Summary- The Crooked: The Unshredded Truth

Enron Scandal Summary- the crooked e: the unshredded truth about Enron. Summary of Enron Scandal and Enron Case Study. Enron Scandal Summary. Story of Enron Fraud.

Enron Scandal Summary

Enron Corporation is an energy company based in Houston, Texas. However, it is one of the most devious economic scandals. The company was also a commodities and services organization that served much of the country.

Questionable accounting techniques were brought to light, and many suspected that the stench of fraud was lingering around the business. During the profitable years, Enron’s stock price was above $90 per share. However, the scandal that eventually was revealed toppled the business in an instant by Bottiglieri, Reville, and Grunewald. The stock closed in 2001 at an ultimate low of 26 cents a share—furthermore, Enron’s inevitable declaration for bankruptcy.

Kenneth Lay, Founder of Enron

Kenneth Lay, the founder of Enron, promoted the importance of high stock prices above all else. He pushed employees to focus on rising rates of return by trading assets and borrowing more money. An asset-free balance sheet meant that new resources could come in and trick the public into thinking that the company was hugely successful. Lay essentially began the craze for high earnings, an obsession that cost his company its life. Ultimately, it was Lay’s role that set in motion the collapse of Enron.

Andy Fastow Enron’s CFO

Andy Fastow, Enron’s CFO, was a master at manipulating liabilities. He used a technique common among energy corporations that used unique purpose entities to relocate liability away from Enron. He made it so that the stock price per share would continually increase, allowing it to continually hold a high investment rating. Fastow was the reason that Enron got away with the scandal for so long. He enabled the company to hide behind false information and comfortably take advantage of the system.

Enron Scandal

Enron, as a company, completely fell apart after the collapse. It was forced to renounce earnings with multiple partnerships such as Chewco Investments and JEDI. The corporation was then required to recover profits back to 1997, which amounted to just $586 million, just 20% of the estimated earnings. The stock prices dropped to mere pennies and lost all consumer and financial buoyancy. Enron declared bankruptcy shortly after

Enron’s shareholders did not benefit from the greed of the executives. Those that had their pension funds financed in the company lost almost everything. Consequently, the SEC and Congress worked swiftly to begin immediate restructuring to reduce losses like those experienced in the future. A $40 billion lawsuit followed the collapse, demanding compensation for the shareholders’ worthless stock. The collapse destroyed more than $2 billion in pension plans.

The Enron workers have suffered immensely and, in most cases, lost all that McLean and Elkind, “The Guiltiest,” had put in the company. One employee, Charles Prestwood, lost $1.3 million in the Enron collapse. Money entrusted in the company in retirement savings or investments disbanded overnight. The SEC announced after the crash that they would try to regain as much of the missing money as they might through their justice system. Enron employees have fired abruptly without issuing any notice. Employees also need to vacate the company within 30 minutes. So, the company should be aware of the economic situation and the factors of the company’s downfall. We must always monitor and speed constantly.

Enron Scandal Analysis

So, in my opinion, the company should be aware of the economic situation and the factors of the company’s downfall. We must always monitor and speed constantly, instead of the company’s Enron wasting the struggle to make a loan to support Enron’s business. Every company should follow a business management strategy such as TQM, Six Sigma, and Deming cycle.

The company should try to cover back the share that employees have invested in the company. So no company still bears debt in terms of banks and between employees but often if share, if the company loses the person involved indirectly or invests with the share also loses. This is because if the employee wants to claim rights, the company has nothing. They want to sue the company is under bankruptcy, so no point. From this, the company must take care of management at least issue a notice saying the company can’t cope for the next month, so employees can take time from the issuance of the notice to find a job.

Monitoring Operation

Besides that, organizations should monitor everything closely. If an organization does not follow, it has the ability to abuse the system and do whatever it wants. I believe that due to the Enron collapse, people will pay more attention to how corporations operate even if they cannot directly control the ethics of the company. At least, in this case, there will be significant pressure to do what’s right.

Moral Practice

Last but not least, that our group can conclude was organizations can be as ethical or unethical as they want. They will treat their employees, shareholders, partners, and creditors however they want. Sometimes corporations will act in their best short-term interest, but there’s also the option to behave properly and look at the long-term goals. Risk tolerance can be a good thing, but it is up to the corporation to decide how much risk they are going to take and at what cost they are going to take risks. We can do our best to regulate and criticize, but in the end, it’s their call. We can only hope they do the right things.

Enron Scandal Movie Summary

Crooked e the unshredded truth- Enron scandal summary

The Crooked E: The Unshredded Truth about Enron Scandal is a television movie broadcasted by CBS TV, an American television broadcasting company, in January 2003. Therefore, the movie depicted the real situation, condition, and emotion of those who suffered from this Enron scandal. It shows how employees, shareholders, and partners suffered from the fall of Enron. In addition, this movie displays how a large number of employees lost their life savings.

Based on the Crooked E TV movie plot, we have outlined three important topics: Business Ethics, Corporate Governance, and Corporate Branding. These three topics are related very closely to the movie story.

Business Ethics

Firstly, business ethics is the extension of any organization’s moral philosophy and principles. Business ethics is a guiding principle; it helps the company increase productivity and run smoothly based on honesty and integrity. Based on both the case study on Enron and the movie story, it is evident that the higher authority of the Enron Corporation did not follow the business ethics properly. They engaged in corruption intentionally, which is against business ethics. So, the Enron Corporation collapsed because of not practicing business ethics. “Ethics and integrity are at the core of sustainable long term success,” says Richard Rudden, managing partner at Target Rock Advisors in New York State.

Corporate Governance

Secondly, corporate governance is an inevitable system of rules, processes, and practices by which a company is established and regulated (Moore & Petrin 2017). A solid corporate governance framework in a company can protect Partners, employees, stakeholders and maintaining investor confidence. The Enron Corporation failed to strengthen corporate governance; therefore, it got bankruptcy. Due to not maintaining and practicing corporate governance in the Enron corporation, many employees, shareholders, and partners suffered from the fall of Enron. Additionally, the audit officer was also indulged in corruption that represents the company’s lack of practicing corporate governance. Therefore, the lack of corporate governance in the Enron Company is another vital cause of falling.

Corporate Branding

Finally, corporate Branding denotes the practice of marketing the brand name of a corporate entity instead of specific products or services. Corporate Branding became a much-talked issue when Enron became bankrupt. The higher authority paid huge attention to corporate Branding to attract stakeholders and employees for investing more money in the company. In 2000, Enron’s share skyrocketed to an all-time high of $90.56 because of tricky corporate Branding. They managed to conceal their mountains of debt and losses. Enron became a very famous company in the US within a short time because of proper and tricky corporate Branding. They exaggerate only the positive aspect of the company and hide negative features during marketing. Fortune magazine listed Enron as one of the “100 best companies to work for in America”.

Lessons Learned From Enron Scandal

Based on the Enron Scandal Movie Review The Crooked E: The Unshredded Truth, we have outlined three key takeaways from this movie, for example, be careful of starting a new job, never invest all money at a business and finally, investigate the company before investing money. We will use it in our life hereafter and also pass it on to your children. These key takeaways are essential for building a secure and successful career. Around 4,500 employees lost their job because of the Enron scandal; therefore, I will be more conscious whenever starting a new job and suggest others investigate more about the company before starting the job.

Key Takeaways From Enron Scandal Movie Summary

Firstly, we have to be more careful when investing our all money in a business. The finding I got from this movie is to invest half of our money and keep the rest of the money to recover if we lost money somehow. Many young investors sank because they invested all of the money that they accumulated.

Finally, we have to have a heuristic mentality when study about a company for investing. It is an indispensable process to study background information and map out the future condition of the company. Many young investors invested their capital, but the company dramatically collapsed within a short time. There is no alternative, but we have to be more conscious before starting a new business or job.

Introduce Myself or Yourself- Self Introduce in Interview Sample

Introduce Myself or Introducing Yourself, Self Introduce in Interview. Self-Introduction Sample For Job Interview. Also, How To Introduce Myself in Viva Voce and Job Interview in English or How to Introduce myself professionally in Viva Exam. Self-introduction for Viva. How to Introduce Yourself in a Viva Presentation.

Self-introduction Sample for Job Interview

Introduce Myself

Introduce Myself means describing myself with a brief introduction to let others know. It is an imperative sentence that indicates someone to introduce himself or herself. Therefore, it is also known as introducing yourself. Usually, interviewers ask this question to applicants in viva voce or interview. It is also known as explaining myself. Introduce myself means self-introduction properly. It describes a person elaborately in a short time. To answer the question ” Introduce yourself”, the person needs to introduce himself entirely in a brief discussion. The need to explain their name, family background, where they stays, family background, level of education, strengths, etc.

Introducing yourself properly is an essential factor when you face a Viva exam or an interview and ask yourself to introduce yourself. Examine will assess your education, skills, capability, and intellectuality based on your introduction speech; therefore, you should present yourself perfectly.

Introduce Myself or Introducing Yourself, Self Introduce in Interview Sample — Figure 1: Introduce Myself or Self Introduce in Interview

Common Questions to Ask “Introduce Myself”

For example, Tell me about yourself, Tell us about yourself, Please introduce yourself, Tell me something about yourself, Tell us something about yourself, or Talk about yourself.

Interview Question Sample

What are your positive aspects or strengths?
What are your negative aspects or weaknesses?
Why should we appoint or hire you in our company?
What is your most significant personal or professional achievement?
Why do you want to join this job?
What is your leadership or management style?
What do you know about this department or organization?

The STAR answer format is the most famous and easiest way to explain applicants’ strengths and professional achievements. STAR interview questions and answers method is the best way to share experiences that assist previous companies to achieve competitiveness.

Today the author shares 10 Introduce Myself or Introducing Yourself samples and examples for the interviewee. The introduction speeches have been shared thoroughly to obtain a better understanding.

Introduce Myself or Introducing Yourself in an Interview

How To Introduce Myself to Viva

Self Introduce in Interview- 1

Firstly, I would like to thank u, sir, for introducing me in front of you and calling me for the interview. I am Md. Ashraf Ahmed, the son of Jamil Ahmed & Aklima Begum, is here to face the viva. I am from………I have completed my post-graduation and graduation from the University of Dhaka. My subject was Physics……. High School &……… Govt. College was my previous educational institution. Besides my academic background, I am very involved in a non-political social organization. I also have good intentions in creative writing. Now I am looking for a job. Thank You.

A professional Video Resume Script Sample for Students

Introduce Myself Example- 2

I am (Name). I am from (District Name). My father’s name is Md. X, a govt employee and mother’s name, is Most—Y Begum, a govt employee. I obtained my Bachelor’s and Master’s degrees in Philosophy from (University Name) in 2009 and 2010. Before that, I passed SSC in 2003 from (School name) under (Board Name) and Passed HSC in 2005 from (College Name) under the same board. However, my aim in life is to be a BCS Cadre. Therefore, I am performing Viva Voce now. That’s all for the time being.
( You should say “my father’s name”, not “my Father’s name”.)

Introduce Myself Example- 3

Firstly, I would like to thank u, sir, for allowing me to describe myself in front of you. I’m Md. Maksudur Rashid son of Md. Harunur Rashid and Rehana Akter. I’m from Dhaka. Firstly I would like to describe my educational background. I have successfully passed my SSC and HSC from MGHS and BCIC colleges. Then I got admitted into JNU and completed my graduation and post-graduation. My father is a retired govt service holder, and my mother is a housewife. My hobby is playing and watching cricket. But, my aim in life is to be a magistrate. That’s all.

Introduce Myself Example- 4

I am Md. Monowar Hossain and my birthplace are Bagmara Upazilla of Rajshahi district. I have graduated from DU in Public Administration Department with CGPA X. (I think) the strongest side of my character is that I can work hard relentlessly. The weakest side is that I believe people so easily. So, I want to work in a part of the republic related to people from all spheres.

Introduce Myself Example- 5

Thank u, sir; it’s a great pleasure for me to introduce myself. Firstly, I am Tithi Rani Mondal from Naogaon & at present, I’m residing in Dhaka. I’ve completed my graduation & masters from the dept of Law, University of Dhaka, in my education journey. My parents both r govt service holder & I’m the only child of them. I like punctuality, sincerity & honesty. In my spare time, I like reading books & listening to music. My long-cherished dream is to join Bangladesh Civil Service. That’s all for me for the time being. Thank u very much for having patience.

Introduce Myself Example- 6

Firstly, I would like to thank u, sir, for allowing me to describe myself in front of you. I’m Maksudur Rahman. I hail from Patuakhali. I passed my SSC from Ideal School & College in 2003 & HSC in 2005 from Dhaka College. Then I got myself admitted into the University of Dhaka. I obtained my Honors and Masters from the dept of Physics in 2009 and 2010, respectively. My father is a retired bank officer, and my mother is a government service holder. However, I dream to be a bureaucrat, and I’m working heart and soul to make my dream true.

Introduce Myself Example- 7

Thank u, sir, for allowing me to say something about myself. This is Mahmuda Kulsum Moni, daughter of Mr………n Mrs…I have completed my graduation n post-graduation in Finance n Banking from the University of Rajshahi n passed my SSC n HSE from…… n ….. respectively…My father was an auditor in CGI, and my mother is a homemaker…I have 2 brothers and one sister..all of them r students. My favourite hobby is travelling, reading novels, watching movies. But, I am committed to serving the country and want to contribute to building a corruption-free Bangladesh…that’s all.

Introduce Myself Example- 8

This is Ayesha Akter, and I come from Comilla. My father’s name is Almas mean, he is a businessman. My mother’s name is Najma begum; she is working as a homemaker. We r two brothers and two sisters. I am the eldest son of my parents, my younger brothers, and my sisters, all of them are studying. Actually, I completed my post-graduation and graduation from govt—commerce college under national university in 2010 and 2011.

Although my passing year is 2011, actually, the exam physically happened in 2014. before that, having CGPA 4.30 and 4.00, I completed my HSC and SSC from Hajera Taju degree college and Rahmaniya high school in business studies, respectively. I want to be a BCS cadre; my family members always inspire me, especially my father, to go my way, that’s why I present there.

Introduce Myself Example- 9

I am Md. Moshiur Rahman. I have passed my BSc in Agriculture from Sher-e-Bangla Agricultural University. There are four members in my family. My father is a businessman, and my mother is a homemaker. I have only one elder sister. I have born in Gangni, Meherpur, and my parents are also from Meherpur District under the Khulna division. It is my first BCS with a long-cherished dream to be a BCS cadre.

Introduce Myself Example- 10

I am F. M. Ashraful Awal Rana, the son of Md. Kamal Uddin Fakir and Mrs. Nazma Akter are facing this Viva Voce now. I was born on 23rd August 1988 in a respected Muslim family where my father was the philosopher for me to build up my childhood mind, and my mother was the initial teacher. In the year 2004, I have completed my SSC degree, and 2006 was my passing year of HSC. After that, I was so blessed to get admitted to the leading most University of Bangladesh, BUET, to pursue my B.Sc. in Civil Engineering degree. Finally, I completed my engineering degree in February 2013.

From my childhood, I have seen in myself that I can do very well: management. From the family tradition, helping people is another characteristic which is a countable point to describe me. Combining these two characteristics and strong analytical capability as I am an Engineer, I am pretty sure ‘Assistant Commissioner’ of the people’s republic of Bangladesh will be the right place for me to evaluate my potential for the betterment of myself and the country.

Category: Corporate Communication

What is the meaning of Corporate?