Enron And The Enron Company - 1502 Words

was bought back and backdated on August 3rd when SPEs stock price hit $160 a share and booked a $75 million gain, which delivered accounting benefits to Enron from complex and deceptive swap transaction, while SPEs specialist and accomplices, according to Swartz and Watkins (2003: 310), earned $58.9 (p.1221). Giroux (2008) research found that the Enron executives make certain that its quarterly earnings forecast are met due to their compensation package includes stock options, which stipulates that it is only vested if the earnings targets are met (p.1217). Giroux summarized that the auditor, investment bankers, analyst and politicians was under pressure by Enron as Anderson received $52 million in audit, consulting fees and consulting contracts, as investment bankers benefited the cash and funds Enron willing to spend on investment banking deals, as financial analyst maintain â€Å"strong buy† ratings since most of the analyst worked for the investment banks that benefited millions for Enron deals, as politicians received political contribution amounting to $7 million to both parties and supported high ranking government officials in return of becoming influential in political appointments and received billions of dollars of loans and benefits from international projects, and conc luded â€Å"the lack of obvious ethical constraints on any one s part demonstrates a major facilitator for Enron s fraud† (pp.1221-1222). Giroux (2008) recapped as Enron’s stock price declined from $90Show MoreRelatedEnron Company : Enron Corporation2724 Words   |  11 Pageswithin the American company called Enron Corporation. Enron seemed to be one of the largest energy companies in America, but in reality, for some years, it was not going very well with the company. Enron had more expenditures, cash going out of the company, than revenues, cash inflows, causing them to experience severe loses. Therefore, the poor numbers of company, which showed that the company was deeply in debt, were removed from their accounting statements in order to make the company seem profitable;Read MoreThe Enron Scandal Of A Company1193 Words   |  5 Pagesinvest your whole savings in a company through stock is an important risk almost everyone will do in their lifetime. When investin g in a company you see their financial records and can see if the company’s stock value will go up if you invest in them making your money increase as well. 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