Corporate Malfeasance Global Recession And The Occupy...

Corporate malfeasance has earned a place among the defining themes of the last decade and a half, helping to give birth to the global recession and the Occupy Wall Street movement. Enron, a Houston based commodities, energy, and service corporation, created arguably one of the worst scandals of the past two decades. Due to reporting tactics implemented by Chief Executive Officer Ken Law and Chief Executive Officer Jeff Skilling, which hid huge debts from the company’s balance sheet, the company filed for bankruptcy, shareholders lost $74 billion, thousands of employees and investors lost their retirement accounts, and many employees lost their jobs. Before the accounting scandal became public in 2001 due to whistleblower and Vice President†¦show more content†¦Enron suffered; its trading business depended on solid finances and since parties dealing with Enron were beginning to suspect Enron would be unable to meet contracts, desperation ensued and Enron turned to its rival, Dynergy, to save the day (Gordon). This is where things took a turn for the worst, on November 8th, Enron released its revised quarterly earnings statement which had shown a reduction of profits of $586 million since 1997. The company claimed that this twenty percent reduction in profits over that period were â€Å"mostly due to improperly accounting for its dealings with partnerships run by some company officers† (Gordon). The resulting third quarter report was devastating and as a result Dynergy called off the merger with Enron. Furthermore, just six weeks after the crisis first broke, on December 2, Enron filed for bankruptcy. Although there were many immediate factors, such as admissions of massive accounting malfeasance, there were also more complicated factors which had led to the company’s demise. There is a strong reason to believe that Enron’s misuse of the Financial Accounting Standards Board’s 2004 Exposure Draft, fair-value measurements played a large part in the misrepresentation of accounts. Fair value measurements requireShow MoreRelatedGeneral Electric60506 Words   |  243 Pagesit is clear what to look for, the task of identifying a company’s strategy is mainly one of researching information about the company’s actions in the marketplace and business approaches. 4. To maintain the confidence of investors and Wall Street, most public companies have to be fairly open about their strategies. 5. Except for some about-to-be-launched moves and changes that remain under wraps and in the planning stage, there is usually nothing secret or mysterious about whatRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagestransmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458, or you may fax your request to 201-236-3290. Many of the designations by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the

Garvey Free Essays

Brandi Faulk English 421 Dr. Tiffany Adams February 15, 2013 The Man Himself Many people wonder who Marcus Garvey is. He was born a raised in St. We will write a custom essay sample on Garvey or any similar topic only for you Order Now Ann Bay Jamaica. During his young life Garvey was not aware of any racial segregation of whites and blacks. However, he had a few childhood friends. At the age of fourteen Garvey was called a â€Å"nigga† by one of his white friends and he was told that he could never be able to see his white friends again. Because of this incident, Garvey eyes were open to all of the racism surrounding him. Also because of this incident, he was no long close to any white people and racism and inequality became prevalent forces in Marcus’s life. As far as working Marcus as forced to work in labor because his parents were intellectuals, and the work was not cut out for then in the industrial country of Jamaica. Marcus and his sister, Indiana were forced to work in order for the family to have enough money to survive. In the 1910’s Marcus made a name for himself in Jamaica as an accomplished printer, writer, and politician. He joined The National Club, which was the first organization in Jamaica that introduced anti-colonial thinking into Jamaica. In inequality that Marcus encountered in the world outside of lower schools in Jamaica of inequality and hatred for black men. He then decided to leave Jamaica to see if blacks were treated the same way in other countries. For the next two years Garvey decided to travel around Central America to experience the black condition in several countries. Throughout his traveling experience he realize that the same conditions he found in Jamaica were the same as the one’s in Central America. He then decided to go further and decided to go a visit England. However, he was pleasantly surprised. In this particular the blacks in England were segregated like in the west. Later in life Marcus decided to move to the United States after the UNIA was established in Jamaica. Garvey felt the need that he needed to start a branch in Harlem to promote is ideas in the United States. Garvey saw Africa as having fallen from a past greatness that had to be restored for peoples of African descent to resume their rightful place in the world. Such redemption could only be achieved by black peoples themselves. After his idea remain the same , he started advocating the ideas of black. nationalists; that some blacks should move back to Africa, in order to protect Africa from imperialism. Garvey took action to begin to take blacks back to Africa. He started the Black Star Shipping Company in 1919. The company took two boatloads of people to Liberia, but had to stop after management problems. This has been coined the â€Å"back to Africa† movement. (UCLA) However, Garvey’s intent with the â€Å"back to Africa† movement was not to lead all blacks back to Africa. Rather, he thought that a strong African center of black power would protect blacks all over the world from imperialism. The UNIA in the United States attracted a very large following. The membership was in the millions. The ideology of the UNIA attracted a strong working class following. The fraternal feeling and self-help ideas attracted many blacks that felt as if whites would never change to the point of equality. The working class felt the pressure of oppression most of all African-Americans. There was a small following from the black intelligentsia, but the majority of them followed W. E. B. Dubois and the NAACP. The religious content of the UNIA also appealed very strongly to people. UNIA meetings were structured like church services with prayers, services, and singing. Garvey told followers to â€Å"reject the white image of Jesus and God†.. The religion gave followers an even stronger sense of brotherhood and pride. The UNIA also had a women’s chapter, so it attracted a strong women’s following as well The UNIA appealed broadly across the African-American community through the use fraternity, religion, ideology, and an appeal to women. Garvey saw Africa as having fallen from a past greatness that had to be restored for peoples of African descent to resume their rightful place in the world. Such redemption could only be achieved by black peoples themselves In the early 1920’s is when the struggle for African American was real. During this time is when slavery was abolished, blacks were still oppresses and they were still no way equal to whites. However black people were staring to make some progress towards racial equality. During this time was a strong African American movement to further the black race. A prominent movement was lead by W. E. B Dubious. His focus was on education blacks to create quality. However on the other hand from the political spectrum was a man by the name of Marcus Garvey. In his movement he led the movement for blacks to unite as a race against oppression. The background has a strong impact on his belief which acted as catalyst for his life’s work. The involvement has a strong influence on the black population and the African-American civil rights movement of the 1920’s. Marcus Garvey grew up in poverty, surrounded by the struggle of blacks to gain political, economic, and social equality. He devoted his life’s work to end of these struggles. He developed a set of beliefs that influenced many people and encouraged many blacks to put forth extra effort to get ahead. Marcus Garvey and the UNIA is the largest African-American movement to date. Garvey’s legacy has also been manifest in the careers of leaders ranging from Kwame Nkrumah of Ghana to Malcolm X in the United States. Borne along on the tide of black popular culture, Garvey’s memory has attained the status of a folk myth. He is daily celebrated and recreated as a hero through the storytelling faculty of the black oral tradition. As the embodiment of that oral tradition transmuted into musical performance, Jamaica’s reggae music exhibits an amazing fixation with the memory of Garvey. Re-evoking spiritual exile and the historic experience of black dispossession, the music of such performers as Bob Marley, Peter Tosh, and Burning Spear presents a Garvey who speaks from the past directly to the present. The result today is that the legend of Garvey functions as an icon of universal black pride and affirmation Reference Garvey, Marcus. The UNIA Papers Project. http://www. isop. ucla. edu/mgpp/lifesamp. htm. 1925 Sewell, Tony. Garvey’s Children: The Legacy of Marcus Garvey. Trenton:Africa World Press, Inc. , 1990. Stein, Judith. The World of Marcus Garvey: Race and Class in Modern Society. Baton Rouge: Louisiana State UP, 1986 How to cite Garvey, Papers

Ever since the discrimination between haves and have

Ever since the discrimination between haves and have-nots was initiated we cant imagine a world without it Essay Ever since the discrimination between haves and have-nots was initiated we cant imagine a world without it. On the contrary was there a world without it? I surely wouldnt have known before coming across it in a historical analysis of what used to be. What is easier, simpler and more coherent to us in general is this kingdom of ranks and classes. Not inspired by the scientific classification for simplicity, we built an environment reflective of internal complexity à ¢Ã¢â€š ¬Ã¢â‚¬Å" belittled self esteem truly. Anyway, what made me ponder over the usual was something unusual that I saw lately. Before narrating that I suppose, a little preface would aid understanding, to appreciate the unusual part of it. In medicine students learn about the human body and everything possibly related to it. Initially for instance, the subject of Anatomy is the geography of the human body and yes, every part is labeled. Years ago when we learnt where our nose, mouth and hands were, I wonder why we think that that wasnt as grand an accomplishment. Cutting a long story short, it is easier to learn using more than one sense, like seeing and touching in addition to reading. Anatomy requires one to be thoroughly acquainted with every bit and therefore dissection of cadavers dead individuals is a routine procedure employed. Besides, the word anatomy means cutting to learn. The stance of laymen calling this inhuman should try to get the reason in it I hope. However, it is agreed that the fact that it is a human body who was once alive and like us well maybe not exactly like us should probably have had a better fate. The more inquisitive may question, Where do these cadavers come from? After all they must be having a family that was supposed to prevent them from being opened up like this. Bringing light to that, these dead individuals havent been claimed for the recommended time or they may very well have been given up for money à ¢Ã¢â€š ¬Ã¢â‚¬Å" sold. Now if you try to recall the last beggar you saw, a person from the lower staff, a mazdoor labourer à ¢Ã¢â€š ¬Ã¢â‚¬Å" anybody you consider an unfortunate have-not, youll find them hard to remember. Well, it is only justified as you did not have anything to do with them and we cant imagine having anything to do with them can we? We are but worlds apart for crying out loud! At this point, if you are with me, it takes mere imagination to consider that when this one alien have-not dies, his unclaimed or sold body is sent to a state-of-the-art hospital. Visualize the irony of the moment; the two worlds meet here. It is about time that the have-not will receive careful handling, prompt dealing and pure . . .preservatives. Later the haves will politely observe and carefully dissect his body, careful not to injure any internal structure- even the ladies do the honour. So this is the after life, the rewards of the clichÃÆ' ©d  pious have-nots, redemption is here à ¢Ã¢â€š ¬Ã¢â‚¬Å" figuratively speaking. Inspired by my first visit to the dissection hall, the first look at the cadaver, and the first plunge of the knife on the chest, my colleague, my friend, her first attempt at dissection, her manicured hands and the grinning, ugly patient.