CORPORATE AFTERSHOCK 2 PHẦN 3 pps
CORPORATE AFTERSHOCK 2 PHẦN 3 pps
... partnerships (Fox, 20 02) . Figure 9 .3 illustrates the process. The first Cactus partnership was formed in 1991 and raised $34 0 mil- lion from 15 banks to fund Enron’s VPPs. By mid-19 93, Enron had raised nearly ... maintains that the sole reason transaction 3 was with Enron is simply that Enron was the largest spot market participant ( JP Morgan Chase & Co., 20 02, p. 3) . At fac...
Ngày tải lên: 07/08/2014, 02:20
CORPORATE AFTERSHOCK 2 PHẦN 5 pps
... exposure. 7 Dodd (20 02) estimates that Enron had about $7 73 billion in notional principal outstanding on derivatives contracts at year-end 20 00: $1 52 bil- lion in natural gas contracts, $26 7 billion ... have had such divisions, whereas credit risk management is a newer arrival in the world of 22 2 FIGURE 11 .3 A Typical CDO Owner of Original Bonds, Loans, or Other Debt Instruments S...
Ngày tải lên: 07/08/2014, 02:20
CORPORATE AFTERSHOCK 2 PHẦN 8 ppsx
... block creative risk opportunities for long periods. 26 8 REGULATING CORPORATE INNOVATION AFTER ENRON such a migration from legitimate entrepreneurship to abusive corporate malfeasance cease to discipline ... endangered by the careless acts of a few aberrant members. Modern society, as dis cussed 27 2 REGULATING CORPORATE INNOVATION AFTER ENRON in the next section, has evolved a wide a...
Ngày tải lên: 07/08/2014, 02:20
CORPORATE AFTERSHOCK 1 PHẦN 3 potx
... just before the end of the 20 01 third-quarter financial reporting period. Many would argue that Enron and Qwest were swapping one worthless thing for another worthless 20 CORPORATE INNOVATION AND ... asymmetric information is hardly riskless. On the contrary, it can be very risky. This 12 CORPORATE INNOVATION AND GOVERNANCE February 20 01. That Skilling would rise to this level, how...
Ngày tải lên: 07/08/2014, 02:20
CORPORATE AFTERSHOCK 1 PHẦN 6 ppsx
... a market capi- talization of $191 billion. On April 22 , 20 02, WorldCom reduced its revenue projections for 20 02 by “at least” $1 billion. 1 73 Seven days later, Ebbers resigned as Pres- ident, ... totaling more than $3. 8 billion.” 177 On July 21 , 20 02, WorldCom filed for bank- ruptcy protection, listing assets valued at $107 billion, making its filing by far the largest in United...
Ngày tải lên: 07/08/2014, 02:20
CORPORATE AFTERSHOCK 1 PHẦN 7 pps
... Manual, § 30 3.01 (B) (2) (a). 21 8. See note 21 5 at ¶ 2( a) and Commentary. 21 9. See note 21 5 at ¶ 2( b). 22 0. See note 21 5 at ¶ 3. 22 1. See note 21 5 at ¶ 4. 22 2. See note 21 5 at ¶ 5. 22 3. See note 21 5 ... Release No. 17 435 (March 26 , 20 02) . 133 . SEC, Release No. 34 - 429 68 ( June 21 , 20 00). 134 . SEC, Litigation Release No. 17 435 (March 26 , 20...
Ngày tải lên: 07/08/2014, 02:20
CORPORATE AFTERSHOCK 2 PHẦN 1 ppt
... Info Source (October 18, 20 02) . 6. Bryce (20 02) , p. 21 7. 7. Woods (20 02) , p. 125 . 8. “A Conversation with the LME’s Simon Heale.” Wall Street and Technology (April 5, 20 02) . 9. See note 8. 10. ... Market,” National Review ( January 22 , 20 02) . 2. “Enron Networks,” Draft Presentation and Internal Discussion Document, November 20 01 (on file with the author). 3. A cautionary...
Ngày tải lên: 07/08/2014, 02:20
CORPORATE AFTERSHOCK 2 PHẦN 2 docx
... which LJM2 invested allowed Enron to avoid reflecting nearly $1 billion in losses on merchant investments from the third quarter of 20 00 through the third quarter of 20 01 (Powers et al., 20 02, p. ... in equity supplied from an undisclosed source, (2) obtain a $25 0 million bank loan Enron would have to guarantee, and (3) obtain an additional $1 32 million in debt from JEDI. The board w...
Ngày tải lên: 07/08/2014, 02:20