Kenneth Lay Essays

  • Enron's Ethical Dilemma

    1156 Words  | 5 Pages

    Enron's starting points go back to 1985 when it started life as an interstate pipeline organization through the merger of Houston Natural Gas and Omaha-based InterNorth. Kenneth Lay, the previous CEO Officer of Houston Natural Gas, became CEO, and the following year won the post of administrator. (CBC News, 2006.) Enron is an example of corporations that has faced bankruptcy in the recent past because of the numerous problems it had with federal and state governments for manipulation of financial

  • Enron Political Parties

    888 Words  | 4 Pages

    Lay took up the reins at Enron in 1986 after it was formed from the merger of two pipeline firms in Texas and Nebraska. Prior to Enron’s collapse, he was credited with building Enron's success. Lay resigned as CEO in December 2000, and was replaced by Jeffrey Skilling. In August 2001, he resumed leadership after Skilling resigned. Lay resigned again in January 2002 after becoming the focus of the anger of employees

  • Enron Scandal Analysis

    1423 Words  | 6 Pages

    Introduction - Historic Enron Financial Scandal In 1985 Houston Natural Gas and InterNorth merged to become Enron which started specializing in natural gas production. It moved from a $10 billion company in 1990 to a $101 billion in ten years. Kenneth Lay is the founder, Chairman and CEO who was challenged by the board of directors to diversify the company portfolio, grow faster, increase investor’s confidence, attract more investments and increase their credit rating. This is a great vision that

  • Hyatt Hotel Case Study

    981 Words  | 4 Pages

    Argument 1 1. Analyze the organizational culture and values of the Hyatt hotel and link them to executive’s actions in leadership position. A. In what way does the organizational culture, values and style agree or disagree with the action executives/leaders take or not take to avoid an escalation of the case? In every organization there must be the composition invisible culture takes place within such organization. Each organization is unique from each other that because each culture is an aggregate

  • The American Dream Reflected In American Literature

    1172 Words  | 5 Pages

    In stories such as A Raisin in the Sun, Maggie,The Great Gatsby, and Mice of Men, attaining materialistic possessions and significant relationships is the understanding of the American Dream and was valued due to its ability to increase one’s stature within society. The American dream consist of desirable items and relationships that demonstrate wealth and happiness. In specific cases the American dream was assumed to be achieved through property ownership,love and advancement of social class. The

  • Enron Case Study

    1521 Words  | 7 Pages

    Q1: what were the individual factors that have contributed to the failure of Enron? The first individual factor that contributed to the failure of Enron is the greed of the leadership. The video shows that many leaders have corruption. For example, Lou Pai has fled from Enron Energy Service with a gain of $250 million in order to marry his stripper girlfriend and his corruption caused a loss of about $1 billion (Fredy 2015). Louis Borget and Andy Fastow siphoned off $3 million and $45 million respectively

  • United Way Scandal

    1296 Words  | 6 Pages

    The United Way is one of the most well-known organizations in the world that has helped touch many people’s lives, but even organizations with a strong reputation that have had a big impact on society can falter when hit with a scandal. Today the organization has raised billions of dollars and has come a long way since it first started. However, a scandal within the organization threatened to undermine its effectiveness and future. The basis of the United Way of America was founded in 1887 as the

  • Rockefeller Robber Barons

    537 Words  | 3 Pages

    John Davison Rockefeller was the biggest businessman in the oil industry during his time, but he also created a monopoly that many people saw as detrimental, constricting, and dictatorial in a way. Rockefeller was seen as a dictator, and some would call him a robber baron, however it is hard to blame someone for doing what is good for their business. Regardless of what others said Rockefeller did his job and also contributed to society in a positive way. Though many people during Rockefeller’s time

  • Andrew Carnegie Robber Baron Analysis

    798 Words  | 4 Pages

    Andrew Carnegie was a “robber baron” as shown in the way he acted towards the people who helped him reach the top and the terrible working environment that he subjected his workers to. He did various things in an attempt at overshadowing the awful things he did and positively alter his public image. His mentor, Thomas Scott, taught him the skills he would use to become the undisputed king of steel. Costs were the most important aspect of any business and reducing those required cutting wages, demanding

  • Fraud Case Study: Refco Inc.

    1393 Words  | 6 Pages

    Timeline: Refco Inc. announced on October 10, 2005 that it’s CEO and chairman, Phillip R. Bennett had hidden information about $430 million in bad debts from the company's auditors and investors, and that now he had agreed to take a leave of absence. It was discovered through an internal review over the preceding weekend that a receivable was owed to the company by an unnamed entity that eventually turned out to be controlled by Mr Bennett, as much as approximately US$430 million. It was later known

  • AT & T Case Study Of At & T

    938 Words  | 4 Pages

    AT&T closed the deal and bought DirecTV for about $49 billion in July this year. This merger will make AT&T the country’s largest pay TV provider, with more than 26 million subscribers. Why did AT&T agree to pay this whopping price to acquire DirecTV? The answer to this question lies in the problem AT&T was facing with the rising competition from other wireless companies and losing money to cable companies providing phone services. With the fast growing streaming and wireless technologies, more and

  • Case Study: The Participative Style Of Aldi

    1430 Words  | 6 Pages

    Identify an effective manager An effective manager that we have identified is the founders of Aldi, Karl and Theo Albrecht. Karl Albrecht was the second-richest person in Germany and the 35th-wealthiest in the world, with an estimated fortune of £12.2bn. However, in 1960, the business and its 300 shops were split by the brothers after they fell out over whether to sell cigarettes. This led to Aldi being separated into Aldi North and Aldi South, which is based in the south and now operates Aldi's

  • Old Spice Analysis

    1932 Words  | 8 Pages

    An advertising campaign can define a company - well, it can provide a new identity for a failing business and revive its shares fall, done wrong, and the campaign can always associate a company with something negative or laughable. Old Spice is an excellent example of how a campaign can change or do business. Before the campaign , " Smell Like A Man, Man " Old Spice was relatively unpopular , especially with young male consumers . Compete with other companies, more "hip" as "Lynx" Old Spice became

  • Senglas Inc. Case Study

    867 Words  | 4 Pages

    Case Summary: James Tilden is the HR Manager for SenGlas, Inc., a 50+ year company that currently has 7 management staff members and 300 employees. On Friday, Mary Booth, the shipping coordinator, came to Tilden to file a complaint against one of her co-workers, Bob Simonsky, for his harassing behavior toward her. Booth, a 5 year employee, accused Simonsky, a 20 year employee, of behaving in a threatening manner due to his negative feelings about working directly with women. Booth states that the

  • Comparison Of John Rockefeller And The Red Scare

    272 Words  | 2 Pages

    The most significant takeaway that I have from this course would be learning information regarding John Rockefeller and Andrew Carnegie. Now, the reasoning behind this is because these two men without a doubt influence the nation more than anyone else during their era and beyond. Furthermore, when looking at each one of these company’s net worth, they easily rival several nations gross domestic profit during this period. Additionally, their businesses employ more people across the country than any

  • Luna Park Research Paper

    554 Words  | 3 Pages

    Besides ten other amusement parks that opened in New York, Luna Park was one of the most famous. Luna Park was a amusement park that was founded by Fred Thompson and Skip Dundy. This amusement park was different because people could go and there was not a fee to enter unless the customers rode a ride. There were other parks that opened in this time frame and due to this, Brooklyn was known as “America 's Playground”. In the 1900s, Luna Park had just opened, it had many attractions, and it made people

  • John D. Rockefeller Robber Barons

    401 Words  | 2 Pages

    John D. Rockefeller in my opinion is a robber baron; The term robber baron was used in the 19th century to describe a group of industrialist who were creating enormous personal fortunes. Many people believed he used unethical business practices to amass his extraordinary wealth. John had a drive to become one one of the richest people in America. During Rockefeller's time the average person was making around 8 to 10 dollars per week, but Rockefeller was worth millions. Rockefeller did use some tactics

  • Organizational Culture In Alphabet Games

    1192 Words  | 5 Pages

    C) Provide the senior managers of Alphabet Games with a set of guidelines to follow that would enable them to carry out an effective SWOT analysis. Provide guidelines of SWOT analysis. We can define SWOT Analysis as a strategic planning tool utilized to evaluate the Threats, Weaknesses, Strengths , and Opportunities involved in a business venture or in a project or in or in any other case of an organization or individual to pursuit of an objective it must requiring a good decision. It includes

  • Volkswagen (VW) Emission Scandal

    930 Words  | 4 Pages

    Introduction The Volkswagen (VW) emission scandal is not an isolated case in recent history wherein a global company faced a gargantuan problem that is almost next to impossible to resolve. British Petroleum paid a whopping $20 billion settlement five years after the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. (Griffin, et. al., 2015) Unfortunately, the Volkswagen scandal did irreparable damage to Germany's brand compared with British Petroleum or any other “trade scandal” because the

  • Enron's Financial Scandal

    1017 Words  | 5 Pages

    Enron’s CEO, Ken Lay, retired in February giving the position to Jeff Skilling who then retired shortly after in the summer. Around the same time, Enron’s stock began to drop. “The stock descended to a 52-week low of $39.95. By Oct. 16, the company reported its first quarterly