Corporate Corruption: Culture of Enron

Type :

School essay

Pages :

4 pages

Format :

.doc

Published date :

09/12/2007

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Summary :

 
 

Table of Contents Corporate Corruption: Culture of Enron Table of Contents

 
  1. Introduction
  2. The incentives for managers
  3. The 217 page report issued by Enron's board
  4. Leaders and managers of Enron
    1. The main way for promotion
    2. Hierarchies of managers
    3. The lack of trust and cooperation
  5. Creative accounting and misleading profit reports
  6. Conclusion

Abstract

Shareholder value was being diluted. It was worse than just being dishonest: stock options provided managers with strong incentives to get the value of their stocks up quickly - what mattered was not long-term strength but short-term appearances. corporate officers responded to the incentives and opportunities. Over the last 15 years, executive rewards in America have soared, and so have stock prices of those companies.

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About the author :

pencil image Alex G.  
Level :General public Study : Finance School/University : northeastern university

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