Corporate Greed, Lies And Unethical Practices - 1001 Words

Corporate Greed, Lies and Unethical Practices The Case of Jordan Belfort Chase Chamberlin University of Nevada, Las Vegas CRJ 410 Dr. Melissa Rorie November 17, 2015 I. Introduction: In today’s society crime occurs everyday across all aspects of life. One particular crime is that of white collar and corporate level crime. It is important that we as a society study this type of crime in depth because many individuals believe that white collar and corporate level crimes are victimless crimes when in reality they have the potential to destroy major corporations and economies all with one single case. The news or media rarely talk about this type of crime because it is often difficult to understand and individuals typically lack interest in these types of cases. One particular case is that of Jordan Belfort. Dubbed the infamous â€Å"Wolf of Wall Street† Jordan Belfort is a former stockbroker who robbed investors of over $200 million dollars to create his wealth through â€Å"pump and dump† schemes, insider trading, money laundering securities fraud, and stock-market manipulation. As an attempt to further understand these complex cases I will break down Belfort’s case as far as the methods and means as to how he got started, his use of â€Å"pump and dump† schemes and other means as to how he acquired his wealth. In addition to this I will discuss the sanctions and disciplinary action that Jordan Belfort was given, how the case affected society and what new regulations wereShow MoreRelatedEthical Issues of the Enron Scandal: A Potential Solution948 Words   |  4 PagesEthical Issues of the Enron Scandal: A potential solution Enrons entire scandal was based on a foundation of lies characterized by the most brazen and most unethical accounting and business practices that will forever have a place in the hall of scandals that have shamed American history. To the outside, Enron looked like a well run, innovative company. This was largely a result of self-created businesses or ventures that were made off the balance sheet. These side businesses would sell stockRead MoreEnron Was The Largest Bankruptcy Of America Essay1224 Words   |  5 Pagesworld’s 7th largest corporation, valued at 70 billion dollars. At that time, Enron’s business model was full of energy and power. Ken Lay and Jeff Skilling had raised Enron to stand on a culture of greed, lies, and fraud, coupled with an unregulated accounting system, which caused Enron to go down. Lies were being told by top management to the government, its employees and investors. There was a rise in Enron s share price because of pyramid scheme; their strategy consisted of claiming so much moneyRead MoreThe Ethics Of The Enron Scandal1441 Words   |  6 Pagesmany have known and read about is the Enron Scandal. The motive behind what a person will do remains endless as it is seen in this unfortunate tale of lies and greed in one corporation. The part that many question even to this day is when the story unfolded it was announced that several people in high positions were all aware of the unethical practices being done but, all decided to turn a blind eye. In the next few paragraphs, we will look at the events that led up to the fall of a company that wasRead MoreEnron : The Demise Of Enron1740 Words   |  7 Pagesarrogant corporation, mainly because of its corporate leadership. The fairytale of Enron actually ended as a nightmare with it destroyed by one of America’s largest bankruptcies in history. The demise of Enron impacted the livelihood and futures of numerous employees, their pensions, and in due course impacte d Wall Street in a significant way. Even people today are amazed at how such a powerful company met its demise so rapidly. Enron’s end was a product of greed when certain executives of Enron were notRead MoreJust Following Orders Essay1390 Words   |  6 PagesVinson make the ethical decisions that she made? In my opinion, from the two articles read I do not believe that the sentence of 5 months in prison that Ms Vinson received coincided with her level of involvement. 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The Exclusion Clause Between Spinning Farm Limited

In contract agreements, terms are being designed to provide a stable formation. The protection of the parties guaranteed by the terms of the contract. In these binding terms, are listed all the duties and obligations of each party. This essay will first explore, the validity of the exclusion clause between Spinning Farm Limited (â€Å"SFL†) and Maz’s Supermarket by analysing the aspects of incorporation (by signature; L’ Estrange1, by notice; Olley2, Chapeltion3 and Parker4 and the course of dealings; Hollier5). Also a broad explanation of construction (Contra Proferentem rule; Houghton6) and statutory controls. Moreover, a formulation of an exclusion clause will be placed to protect the â€Å"Pick Your Own Strawberries† scheme of SFL from any future claims of consumers. Research into the Unfair Contract Terms Act 1977 (â€Å"UCTA†)7 and Consumer Rights Act 2015 (â€Å"CRA†)8 should be analysed. This essay will substantiate the view that the exclusion clause of the Spinning Farm Limited was unfair, therefore, a claim from Maz Supermarket would be entirely justified. Before considering the exclusion clauses, it is worthwhile to consider the formation of a contract. The requirement of an offer, acceptance and consideration are necessary. The Offer is the willing on terms from the offeror with an intention to be binding with the offeree. The acceptance by the offeree is an unconditional agreement to the terms. Creation of legal relations is a concept which states that an agreement is legallyShow MoreRelatedThe Exclusion Clause Between Spinning Farm Limited1664 Words   |  7 Pageseach party. This essay will first explore, the validity of the exclusion clause between Spinning Farm Limited (â€Å"SFL†) and Maz’s Supermarket by analysing the aspects of incorporation (by signature; L’ Estrange1, by notice; Olley2, Chapeltion3 and Parker4 and the course of dealings; Hollier5). Also a broad explanation of construction (Contra Proferentem rule; Houghton6) and statutory controls. Moreover, a formulation of an exclusion clause will be placed to protect the â€Å"Pick Your Own Strawberries† schemeRead MoreThe Exclusion Clause Of Sfl1694 Words   |  7 Pageseach party. Part 1 will consider the validity of the exclusion clause between Spinning Farm Limited (â€Å"SFL†) and Maz’s Supermarket by analysing the aspects of incorporation (by signature; L’ Estrange, by notice; Olley Chapeltion and Parker and the course of dealings; Hollier). Also a broad explanation of construction (Contra Proferentem rule; Houghton) and statutory controls. In order to answer Part 2, it will necessary to structure an exception clause for SFL to avoid any future claims of consumers.Read MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesof the world’s human population for the first time in history. He gives considerable attention to changes in city planning, patterns of urban growth, and important differences between industrialized Europe and North America and the developing world, as well as the contrasts in urban design and living conditions between different sorts of political regimes— communist, capitalist, colonial, and fascist. Particularly revealing are Spodek’s discussions of the influence of prominent urban planners

Macbeth/Theme Essy Free Essays

Takierra Garth Block 50 March 13 2013 (Macbeth/Theme Essy) In the begging where it started off with three creepy witches cackling as they were discussing when they’ll meet again, and decide to hook up â€Å"When the hurly-burly’s done, when the battle’s lost and won. â€Å"(line 3-4) The implication is that they’ve been up to something really bad. They let the audience in on their plan to meet some guy name Macbeth. We will write a custom essay sample on Macbeth/Theme Essy or any similar topic only for you Order Now And then cut to post-battle, where we learn that this Macbeth has been kicking serious tail in battle so much that King Duncan has decided to give him the title Thane of Cawdor. He’s prancing home on a dark and stormy night after defending King Duncan in battle with some skilled enemy-disemboweling. Understandably, he’s feeling pretty good about himself. The witches then call out to Graymalkin and Paddock, or spirits that serve the witches. All three witches start to say, â€Å"Fair is foul and foul is fair†(line10-11) before going back about their business. Just then, him and his good friend Banquo run into three bearded witches who rhymingly prophesy that Macbeth will be named Thane of Cawdor and King of Scotland. Just as Banquo is curious about his knowing what he will become. And then they begin to say â€Å"lesser than Macbeth and greater but not so much happy, yet much happier thou shalt get kings. Though thou be none†. (line 65-68) And what they mean by that is he will be fortunate than Macbeth and be father to a long line of future kings of Scotland though he will not be king himself. The next thing we know, a guy named Ross shows up to say that, since the old Thane of Cawdor turned out to be a traitor and is about to have his head chopped off and displayed on a pike, so Macbeth gets to take his place as Thane of Cawdor then that takes care of the first prophecy. His ambitious wife, Lady Macbeth, prods him into acting like a man and killing King Duncan when the poor guy comes to Macbeth’s castle for a friendly visit. When Macduff finds the king’s dead body, Macbeth kills the guards and conveniently accuses them of murdering the king. King Duncan’s two sons, Donalbain and Malcolm, find out what happened, then they ends up leaving out of Scotland so they can’t be murdered too. Macbeth is now named king of Scotland. Now Macbeth starts to worry about the witch’s prophecy that Banquo’s heirs will be kings. Macbeth’s not about to let someone throw him off the throne so, he hires some hit-men name Fleance to take care of Banquo and his son. Banquo is murdered, but Fleance escapes. As Banquo and Fleance live, his mind is full of scorpions. Lady Macbeth states that everybody dies, which may be a warning to Macbeth to cool it, or may be a self-reassurance that everyone has to go sometime, so her husband might as well murder their friend and his kid. At a park near the palace, the two murderers are joined by a third. Only a bit of light remains in the sky. Banquo and Fleance approach on horseback and dismount to walk the mile to the palace, as usual. Banquo starts up with a friendly conversation and is promptly stabbed. While being stabbed, he encourages Fleance to run away and eventually take revenge. In the meantime, the torch has gone out, and Fleance takes advantage of the darkness to escape. With Banquo dead and Fleance on the run, the murderers head off to the dinner party to report the half of the job they’ve done. How to cite Macbeth/Theme Essy, Essay examples

Solar Energy Project in East Timor-Free-Samples for Students

Question: Discuss about the Solar Energy Project in East Timor. Answer: Introduction ATA stands for Alternate Technology Associations. It is a nonprofit organization. It aims to make the most utilization of the alternative form of energy. This report focuses on a solar project by ATA in an underdeveloped country called East Timor. This report explains about the project execution plan of this solar energy project. Problem Statement The Alternate Technology Associations is a nonprofit organization. Its project in East Timor is a solar energy project. Solar energy is an alternative form of energy that is required in every place. It is a renewable energy. East Timor is the neighbor of Australia and it is an underdeveloped country. About thirty five per cent of the houses in East Timor do not have the supply of electricity ("MGT5IPM Introduction of the ATA and Its East Timor Project", 2017). This country does not have access to the national electricity grid. Project Execution Plan Project Objective The small scale solar project in East Timor aims at providing the houses at East Timor with solar electricity that is renewable in nature. The main project that they have worked for ten years is Village Lighting scheme that aims to supply clean solar powered basic electricity and lighting for the households that are located in the rural and remote areas and have no access to the national grid of electricity("MGT5IPM Business Case Planning", 2017). And now they are planning to expand it. Scope The scope of the Solar Energy project in East Timor is to provide solar electricity to at least 800, houses in the country. Training of around 30 to 40 technicians in the locality and set up village committees also fall under the scope of the project. Project Completion Time: 2 years Financial plan The financial worth of the project was 300,000 dollars from the year 2014 to 2016. Google Impact Challenge was the main fund providing source for this project. Previously ATA had relied on donations from the members and small donations from any other nonprofit organizations and groups ("The Alternative Technology Association ATA solar projects in East Timor", 2017). But Google had contributed the most in this project that helped ATA to successfully develop the solar energy project in East Timor. The East Timor Friendship groups had also played an important role in funding the solar energy project. Project Design Plan ATA had planned to design a solar system that was specific for the purpose of this project. It needed a lot of technical designing and developmental work. This was carried out by long term volunteers of ATA (Kerzner, 2013). These volunteers had electronics skills. A microbe controller in the system was developed that was extremely powerful in nature. This was very hard to get tampered. Project Management Methodology A systematic approach has been followed by ATA to carry out this solar energy project in East Timor. Their previous Lighting project had helped them to develop a good idea about the country (Burke, 2013). ATA had a partnership with a local organization that had helped them in the planning and execution of this solar energy project. The initial plan was to enhance the solar lighting scheme. The ATA team planned to work with the local communities in the village where they were planning to install the system. They had planned to set up a village committee that was responsible for the management of this project in that area (O'Connell, 2012). This village committee would be responsible for maintaining the solar system installed at every house and also for purchasing spare parts and repairing any broken part. In order to make this plan sustainable and successful, ATA trained local solar technicians in every village. These technicians were trained to install the system and regularly maintain the systems. They were also trained to repair the systems and take any backup or support form ATAs partner organization. This team was able to provide support for any type of complex process. ATA had planned to design database and solar map for tracking of the ATAs present and future projects (Larson Gray, 2013). This was a new plan that has not been done before in East Timor. Installation Plan There were two types of season in East Timor: wet and dry seasons. The plan of ATA was to install the systems in every house in two dry seasons. They followed a backward plan. They had planned to remunerate their partner organizations in order to carry out this plan. Careful planning and sequencing was done to install the systems in 12 different villages of East Timor over three different districts. Logistics Plan They had planned that the vehicles that took the systems for installation could take only certain number of systems at a time. There was only one truck that carried out this function. So there was proper planning so that the truck is able to take the systems with no delay and made sure that the condition of the local roads was all right. Project Risks The main risk seen in this project for ATA is their inability to speak the Timorese language. They had the local organization that had been involved in a water management project and had idea about the local community. They even know how to manage and handle huge amounts of money. But the risk lies in the indirect communication that takes place in East Timor. Even if the language was translated to ATA, they could not get idea about the indirect communication of the people (Bahadori Nwaoha, 2013). Another main risk or challenge faced by the project is the purchasing or procurement issue. ATA aimed to get high quality solar energy equipments that were not possible to be delivered by the local organization or the Timorese organization. There is also some kind of exchange rate risk involved in case of importing the components. Risk Management or Control Plan Some of the members of ATA have their own electronic businesses. The other members are involved in designing and technical activities so ATA can make their own devices. Some of the components were taken from China following the process of ethical supply chain management. The main regulator of the system was designed in Melbourne. While making the budget plan an allowance was made for the exchange rate risk due to the fluctuations in the foreign exchange. Recommendation This project can be improved in the future by using bio solar cells. Researchers have also developed photo bioelectrochemical cells that use the reaction of photosynthesis. Another method that can be used is reshaping of the solar spectrum for turning it into electricity. These methods are modern and advanced methods that can be used for the purpose of generating electricity. Conclusion This report concludes that the solar energy system in East Timor will help the natives of the place in several ways. This project report explains the steps to be taken in order to execute the plan of this project. References Bahadori, A., Nwaoha, C. 2013. A review on solar energy utilisation in Australia.Renewable and Sustainable Energy Reviews,18, pp.1-5. Burke, R. 2013. Project management: planning and control techniques.New Jersey, USA. Kerzner, H. 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Larson, E.W., Gray, C. 2013.Project Management: The Managerial Process with MS Project. McGraw-Hill. MGT5IPM Business Case Planning. 2017.YouTube. https://www.youtube.com/watch?list=PLE5HAQYUwLAd1tTH_UdzWEleUKVLyHoKwv=wxrKRPz7MJc, August 18, 2017. MGT5IPM Introduction Of The ATA And Its East Timor Project. 2017.YouTube. https://www.youtube.com/watch?v=TB7qM8s8bpY, August 18, 2017. O'Connell, M. 2012. (Solar) power to the people of Timor Leste.ECOS,2012(168). The Alternative Technology Association ATA solar projects in East Timor. 2017.Ata.org.au. https://www.ata.org.au/ata-solar-projects-in-east-timor, August 18, 2017.