Wie wil er 1000 000.000.000 stelen van de pensioen gerechtigen. Enron scandal Causes of downfall Enron had published a manual of ethics earlier. Enron's complex financial statements were confusing to shareholders and analysts.[1]: 6 [10] In addition, its complex business model and unethical practices required that the company use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.[6]: 9 Furthermore, some speculative business ventures proved disastrous. The combination of these issues later resulted in the bankruptcy of Enron, and the majority of them were perpetuated by the indirect knowledge or direct actions of Lay, Skilling, Andrew Fastow, and other executives such as Rebecca Mark. Lay served as the chairman of Enron in its last few years, and approved of the actions of Skilling and Fastow, although he did not always inquire about the details. Skilling constantly focused on meeting Wall Street expectations, advocated the use of mark-to-market accounting (accounting based on market value, which was then inflated) and pressured Enron executives to find new ways to hide its debt. Fastow and other executives "created off-balance-sheet vehicles, complex financing structures, and deals so bewildering that few people could understand them."[11]: 132-133
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Wie wil er 1000 000.000.000 stelen van de pensioen gerechtigen.
Enron scandal
Causes of downfall
Enron had published a manual of ethics earlier.
Enron's complex financial statements were confusing to shareholders and analysts.[1]: 6 [10] In addition, its complex business model and unethical practices required that the company use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.[6]: 9 Furthermore, some speculative business ventures proved disastrous.
The combination of these issues later resulted in the bankruptcy of Enron, and the majority of them were perpetuated by the indirect knowledge or direct actions of Lay, Skilling, Andrew Fastow, and other executives such as Rebecca Mark. Lay served as the chairman of Enron in its last few years, and approved of the actions of Skilling and Fastow, although he did not always inquire about the details. Skilling constantly focused on meeting Wall Street expectations, advocated the use of mark-to-market accounting (accounting based on market value, which was then inflated) and pressured Enron executives to find new ways to hide its debt. Fastow and other executives "created off-balance-sheet vehicles, complex financing structures, and deals so bewildering that few people could understand them."[11]: 132-133
Mag de Rabo nog sjoemelen met de Euribor ?
Wat een uiterlijke diversiteit weer. Rabobank heeft vast een hoge ESG score. Schwabbie zal trots zijn.