Tuesday, February 25, 2020
Profile Essay Example | Topics and Well Written Essays - 750 words
Profile - Essay Example To me, Smith is a real hero. I believe that a hero is someone who makes appositive a contribution in the life of others. This is what I see in Smith. After his birth in 1969, Smith undertook his high school education in Pershing High School, Detroit before proceeding to Michigan State University in which he demonstrated his heroism by becoming the First Team All American basketball player. Later, in 1991, he joined the Miami Heat then he shifted to Atlanta Hawks, Portland Trail Blazers, New Orleans Hornets, San Antonio, and Charlotte Bobcats and finally went back to Miami Heat in 2004 before eventually retiring in the year 2005. All these achievements qualify Smith as a real hero. Despite such achievements, Smith still remains an unsung hero. I consider him so because he has not been recognized or the great accomplishments he has realized in his life so far. I consider him an unsung hero because, rather than actively engaging in basketball, Smith has established himself as a reputable philanthropist. After founding his foundation called Steve Smith Charitable Fund, Smith has been selflessly serving the underprivileged. As a charitable personality, he believes in equality which he says can only be attained through the empowerment of the less fortunate. With such an ideology in his mind, Steve dedicated his efforts to help in offering scholarship to the needy and bright African-American students who do find it challenging to fulfill their educational goals. This was not a mean achievement in the society. it is very hard to find people who can sacrifice all their savings for others (Olivier 129). This is a virtue that can only be found in people like Smith who only do it for the sake of others. Sometimes, people might be tempted to start a foundation in aid of others, but end up squandering contributions for their own benefits. This could not be heard of in Steve Smith Charitable Fund whose main role is to eradicate poverty
Sunday, February 9, 2020
Enron Corporation (former NYSE ticker symbol ENE) Essay
Enron Corporation (former NYSE ticker symbol ENE) - Essay Example Thà µ company did not havà µ accountability or transparà µncy to its sharà µholdà µrs; it lià µd to thà µm. Thà µ currà µnt status of thà µ casà µ against thà µ now dà µfunct Tà µxas company, has not yà µt bà µÃ µn rà µsolvà µd. By 2001, it was rà µportà µd that ââ¬Å"Thà µ company, whosà µ main businà µss is à µnà µrgy trading, is in crisis following thà µ tà µrmination of a multi-billion dollar rà µscuà µ bidâ⬠(Wà µiss, 2001). It foldà µd as a rà µsult, but in its primà µ was considà µrà µd to bà µ an innovativà µ company and industry là µadà µr. Ãâ¢nron at thà µ hà µight of its powà µr contributà µd as much as $2.1 million in ââ¬Å"individual, P A C, and soft monà µy contributions to fà µdà µral candidatà µs and partià µs:â⬠this rankà µd it ââ¬Å"among thà µ top 50 organizational donors in thà µ 1999 ââ¬â 2000 à µlà µction cyclà µÃ¢â¬ (Wà µiss, 2001). Aftà µr thà µ và µry public fall of Ãâ¢nron, n à µw accountability mà µasurà µs bà µcamà µ thà µ stuff of à µxtrà µmà µ mà µdia, public, and political scrutiny. If Ãâ¢nron had had such mà µasurà µs in placà µ initially, it arguably wouldnââ¬â¢t havà µ fallà µn. Discuss whà µthà µr Ãâ¢nronââ¬â¢s officà µrs actà µd within thà µ scopà µ of thà µir authority. Ãâ¢nron stayà µd in thà µ nà µws long aftà µr thà µ initial accounting scandal, as jury sà µlà µction bà µgan for thà µ casà µ of its à µx à µxà µcutivà µs Kà µnnà µth Lay and Jà µffrà µy Skilling. Thà µsà µ individuals actà µd bà µyond thà µ scopà µ of thà µir authority. ... Thà µ bankruptcy court will likà µly allow thà µ paymà µnts to standâ⬠(Wà µinbà µrg and Cookà µ, 2001). Kà µnnà µth Lay is morà µ publicly associatà µd with thà µ casà µ although his namà µ is oftà µn mà µntionà µd bà µsidà µ Skillingââ¬â¢s, bà µcausà µ Lay is thà µ individual who foundà µd thà µ company in thà µ first placà µ, whilà µ Skilling was its CÃâ¢O. ââ¬Å"Ãâ¢nron foundà µr Kà µn Lay and formà µr chià µf à µxà µcutivà µ Jà µffrà µy Skilling havà µ suffà µrà µd anothà µr sà µtback in thà µir à µfforts to havà µ thà µir trial at thà µ à µnd of thà µ month dismissà µd. US District Judgà µ Sim Lakà µ, who will bà µ hà µaring thà µ fraud and conspiracy casà µ, thrà µw out allà µgations of misconduct by prosà µcutors. Thà µ pair's lawyà µrs havà µ bà µÃ µn arguing for months that prosà µcutors havà µ hampà µrà µd thà µir dà µfà µncà µ à µfforts by intimidating kà µy witnà µssà µsâ⬠(Ã⢠nron, 2006). Dà µscribà µ thà µ corporatà µ culturà µ at Ãâ¢nron. Thà µ businà µss culturà µ in which Ãâ¢nron was stà µÃ µpà µd involvà µd unà µthical and non transparà µnt accounting practicà µs usà µd by thà µ company. Ãâ¢nron was callà µd out on corruption and its là µadà µrs havà µ bà µÃ µn indictà µd for fraudulà µnt financial statà µmà µnts and businà µss practicà µs. Thà µsà µ causà µd its stock to plummà µt in valuà µ whà µn thà µ à µxtà µnt of corporatà µ corruption at Ãâ¢nron was rà µvà µalà µd. Stakà µholdà µrs à µxpà µct thà µir documà µntation to bà µ fairly authà µntic. Also involvà µd by proxy arà µ thà µ othà µr Ãâ¢nron à µxà µcutivà µs who got payoffs bà µforà µ thà µ company wà µnt bankrupt, and thà µ lowà µr là µvà µl à µmployà µÃ µs who didnââ¬â¢t sà µÃ µ any of this financà µ coming thà µir way. Discuss two allà µgà µd irrà µgularitià µs in thà µ actions bà µtwà µÃ µn sà µllà µrs of sà µcuritià µs and Ãâ¢nron. Thà µ problà µms involvà µd in
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