posted by A.W. on .
What was the conflicts of interest in Enron's SPE activities, Arthur Andersen's activities, and Enron's Executive activities? I think the executive activities were winner takes all, every person for themselves, and what I do not know will not hurt me. How am I doing so far? I raelly need help with this question. Please HELP ME!!!!!!
Did you read those sites very carefully? Our job is to show you where to look, but not to provide the answer. Let me reread those sites to see if I can summarize it for y ou.
Essentially Enron created ways to use the SPE's that had never been used before. The original purpose was sound and creative but Fastow and Kopper got involved in high-risk to hedge investments. Enron held put options and a note receivable while SPE h eld the stock. The true and economic losses were never reflected in the income statement. The appreciation of the stock offset the losses only from an accounting standpoint. The CFO and some Enron employees received huge returns on their investments. As the debt was shielded, it took time for this "house of cards" to fall. Yes, it's deceit and greed. Watch how the laws will cease being to lax after this.
if it doesnt apply it isnt for you:......but whenever i have a question on an assignment, which is not often, whenever i look on this site all i see is smart remarks and sly comments. in any assignment there is more than 1 question so what makes you think your one answer is "doing my homework" either answer the question or keep your smart remarks to yourself.