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Answer the following questions based on the film Enron: The Smartest Guys in the Room (2005). 1. (a) Describe the ownership structure at Enron. (b) How did the ownership structure contribute to the Enron scandal? (15 points) When Enron became a publicly traded company, the employees and executives had more incentive to manipulate earnings and financials. With the shift in structure, there were more external stakeholders to satisfy, which caused the company to focus on short-term results, rather than long-term interests. The company went as far as to trade all sorts of things, including weather and broadband, in order to gain support from investors. Enron got a lot of that support. Investment banks put about $25 million each into the company. With high stakes and image on the line, Enron manipulated earnings to drive stock prices up through mark-to-market accounting to please its stakeholders. 2.(a) Describe the following three leaders: Ken Lay, Jeff Skilling, and Andy Fastow. (b) How did EACH leader contribute to the scandal? (20 points) Ken Lay was a very ambitious man.

Hunger in Black Boy Have you ever experienced real hunger? The kinds of hungers that Richard experiences in Black Boy are not evident in the society where you and I reside. The present middle class citizens cannot really relate to true physical hunger. Hunger for most of us is when there is nothing that we desire to eat around the house and therefore skip one meal. This cannot even compare to the days that Richard endures without food. Physical hunger, however, is not the only hunger apparent in Richard’s life. Richard suffers from emotional and educational hungers as well. He yearnsfor such things as mere association with others and simple books to read. Both of which are things that most people take for granted. This efficacious autobiography, Black Boy, by Richard Wright manifests what it is like to desire such simple paraphernalia. From a very early age and for much of his life thereafter, Richard experiences chronic physical hunger. “Hunger stole upon me slowly that at first I was not aware of what hunger really meant.

The Millennium Dome Project - Research Paper Example Blair was trying to rescue the Millennium Dome, which, far from being the built representation of his reforming, forward-looking, government – “Cool Britannia” replacing “Rule Britannia” (that looked back to the time of the British Empire) – was rapidly becoming a political and financial scandal. That very evening was a disaster: thousands of guests were still stuck in lines at security checkpoints at Stratford Tube Station when the midnight hour struck and for those who made it to the Dome the champagne ran out!” It was built on a 300-acre land overlooking the River Thames. The Dome measures 320 meters in diameter, and reaches a height of 50 meters at its center; it was created to lure tourists to London. The costs for the Dome reached 758 million pounds (or more than $1.2 billion). The Dome was destined to be a failure. It carried the slogan “Time to make a difference”, which was heavily criticized by the press, and the citizens of London were asking, “What difference will it make?