Case: Enron: Case Study Of ENRON

One of the first monopolies started in 1862 in Cleveland, Ohio making John D. Rockefeller well-off. Rockefeller accomplished a monopoly of the gasoline industry in under a decade. In 1911, the court discovered Standard Oil Company of New Jersey guilty of disobeying the Sherman Antitrust Act.

25, 2011: MF Global reports a wider loss for its fiscal second quarter ended Sept. 30. The disclosure of the financial results, which were pushed out early in the wake of the Moody’s downgrade, helped spark a 48% stock drop that day. By the end of the week, MF Global had lost more than two-thirds of its market value. * Oct. 31, 2011: MF Global filed for bankruptcy protection, after a weekend of negotiations failed to lead to a sale of at least part of the company. * Jan. 10, 2012: Edith O'Brien asked for the MF Global case's first immunity agreement.

Panic set in. Then Black Thursday struck. On the morning of October twenty-fourth, 1929, a record 12,894,650 shares were traded. Leading banker and investment companies tried to stabilize the market. They did this by buying up large amounts of stock.

According to Sears Holdings Corporation’s financial report, the company lost $1.4 billion last year and another $975 million during the first half of 2014. Sears Holdings’ CEO, Edward Lampert has lend the retailer $400 million from his Hedge fund, ESL Investment in hopes to help rescue

The Koch brother bring in over 100 billion dollars in annual revenue, most of it coming from their oil and gas business. With that fortune the Koch brother have spent over 50 million in order to lobby in Washington ever since 2006. In 1980 David Koch ran for vice president on the libertarian ticket which only ended up getting 1 percent of the vote.

Up until a number of years ago, Arthur Andersen was considered as one of the then Big 5 auditing companies around the world. The company knew its beginning in 1913 through Arthur E. Andersen who formed a partnership with Clarence M. Delaney in order to set up Andersen, Delaney & Co. Unfortunately, however, the partners split 5 years later and the company’s name became exclusively Arthur Andersen. Mr. Andersen died in 1947; however, his successor Leonard Spacek led the company to successful periods making it more global. In fact, the first international office was opened in the 1950s with revenues of around $8 million and within a period of 20 years, revenues exploded up to around $130 million, with more than 1,000 partners at the firm.

This gradual transformation started in the early 1980’s when President Reagan was in office. A process began where media outlets were owned and controlled under five mega corporations. Television news was and still is seen as sucessful business for profit. To maintain profit, news outlets depend on drama for ratings. Once the The Fairness Doctrine of was eliminated in 1987, conservative outrage news segments dominated.

Chevron Corporation Like all the oil and gas companies, Chevron Corporation has also been directly affected by the collapse of crude oil prices that has continued for more than last one year. Crude oil prices have declined more than 50 % from where it was a year ago. Chevron reported revenue of $ 37 billion in the most recent quarter which was 34 % lower than last year’s $ 56 billion. The company’s net income was $ 571 million in the second quarter of 2015 i.e. 90 % down compared with the income of $ 5.7 billion in second quarter of last year.

Essentially, the purpose behind the formation of the alliance between the OPEC nations is to delegitimize the “seven sisters”, which were the Western Oil giants which absolutely dominated the oil market from the 1940-1970’s. More significantly, they owned 85% of the world’s petroleum reserves, however, due to OPEC’s growing sphere of influence in the last few decades and the emergence of state-owned oil companies, their importance has significantly decreased (Hoyos). In the midst of the Yom Kippur War, the conflict between Egypt and Israel, OPEC announced to the world on the 17th of October 1973, that they would no longer export oil to countries

Contents Getting the timing right Case study 2 The Challenge of Management 2 Hills find millions in the backyard 3 Ford motors charges ahead into globalization 4 Turbosoft 5 Fuzz Eye 6 Transit New Zealand v. the Mystic Taniwha 6 Meeting the challenge of Labor shortage 7 Decision making and ChocCo 8 Reach the clouds 9 Strategy or Strategic Planning 9 Coming back to call back 10   Getting the timing right Case study 1. Identify what roles Joe Wong takes on at CCK. How do you think those roles have changed over past 20 years? Why have they done so? Joe Wong is Chairman and CEO at CCK.