Enron And Its Effect On Society - 1867 Words

Throughout history and surrounding us everyday we see that money equals power. What we also witness as a society, is that the more wealth acquired the more underlying corruption is involved. While taking Financial Accounting here at Sacred Heart University, I am learning how money that is earned and spent is recorded within a firm. An accountant within a firm has to be very exact with numbers in order to make the correct statements for the company. In reality, if the accounting department fails the entire firm fails. It is easy to see how companies manipulate their numbers in order to increase profit for themselves. Money equals power and the more money coming in, the more power hungry companies tend to get. The same principal happens†¦show more content†¦In the early 1990’s financial analysts studying Enron hypothesized that even though Enron was selling some of its major assets, they would begin to experience a great amount of debt. For example, Enron sold assets to a company called Azurix. Azurix was unable to live up to the standards that would financially benefit Enron and over a short amount of time, led to some major debts for Enron. This was happening with a lot of companies that Enron sold to and partnered up with. Over time, Enron started losing a significant amount of money and had to figure a way to quickly make it back. In 1990, COO Jeffery Skilling made a choice that would haunt him forever. Skilling hired Andrew Fastow to help with Enron’s financial dilemma. Fastow’s plan was for Enron to open up limited liability special purpose entities. This meant that Enron would open up an SPE to hide its debt and ownership so that on paper, Enron wasn’t claiming all of its losses. The true benefit of this was to maintain its stock price and to have the company appear to be growing, while in fact it was hiding from the world that it was collapsing (Seabury, Investopedia). After years of appearing to be growing financially, Enron was on top of the world. By the end of the 1990’s Enron was named Fortune’s, â€Å"100 Best Companies to Work for in America† and â€Å"America’s Most Innovative Company†, six years in a row. Little did the public

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Review Of Coming Of Age - 1372 Words

Grace Liang Palshaw English I Honors 25 September 2014 Coming of age is a recurring theme that is universally known throughout many different pieces of literature. Whether it’s influenced on true experiences, childhood memories, or even based on one’s current juvenile reality, many of theses works have a correlation between them that include many similar ordeals and struggles that the character goes through in order to metamorphosize into taking their first step out of childhood. One prominent theme that often appears is how one goes through and experiences what life is really like-- in other words, being exposed to a time of tribulation and other walls that stand in one’s path. Additionally, another theme that is how they lose†¦show more content†¦In particular, the plot is about the development of one of the Greasers, Ponyboy Curtis, as he journeys down a path of self-discovery. In the beginning, Ponyboy’s series of struggles with unwanted violence began when he walks out from the movie house, only to be greeted by a gang of sneering Socs. Because the Socs think they are superior, they jump on the Greasers at every opportunity. On the way home, he notices a red Corvair filled with about five Socs, which then got out, cutting him off, surrounding Ponyboy as they â€Å"walked around slowly, silently, smiling† while he â€Å"stood there like a bump on a log†, expecting nothing but the absolute worst (4). Following these events, Ponyboy then finds himself on the ground after denying a haircut from the Socs. The greasers cannot afford rings, cars, or other physical trappings of power that the Socs enjoy. Consequently, they must resort to more affordable markers of identity. By wearing their hair in a specific style, greasers distinguish themselves from other social groups. Conservative cultural values of the 1960s called for men to keep their hair short, and the greaser style is a clear transgression of this social convention. It is not only distinctive, but, as a ph ysical characteristic, this hair is truly an organic part of the greaser persona. When the Socs jump Ponyboy at the beginning of the novel, they ask him if he wants a haircut and threaten to cut off his hair. By doing so, they would rob

Sarah Boone free essay sample

Sarah Boone was born on June 18, 1770, in Chalfont, New Britain. She was raised in Barks County, Pennsylvania. As a child, she received little education, but that didn’t stop her from succeeding in anything. Although she didn’t receive college education, she still helped make a world of a difference. On her trip to success, she met and later married a young man by the name of John Wilcoxin, also known as Wilcox, in 1742 in Lancaster, California. They were married for full sixty years until Mr. Wilcox’s death in 1802. Facts say that Sarah never invented the iron board, but she DID invent some improvements to the board. Her improvements included the recline board, to make it easier to store the ironing board away. However, she received her patent for the improvements to the iron board on April 26, 1792. She created this for all African women who needed help with ironing their clothing and getting the unbearable creases out of their dresses and husband’s sleeves for work. We will write a custom essay sample on Sarah Boone or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page She created this to help ease off the work. She became a hero for all black women around the United States, and was well known for this. One problem she had with this invention was the fact that all types of business people came to her for her invention, but she doesn’t have enough supplies, time or money to create them. When she finally gets the enough â€Å" STM†, she finally makes what everyone’s been wanting. She continued to create these amazing life changing supplements until her death in 1815, in Madison County Kentucky. Sarah Boone was the first African American woman to invent anything and receive a patent for it. Therefore she made a huge change in history. She had a huge dream something was going to happen and it eventually did and created an abstract level of skill in her years.