Business Leadership in Enron free essay sample

During the expansion plan, the debt acquired by Enron had increased substantially. The reason for this was that by issuing additional debt it would increase the company’s leverage and harm its credit rating. The alternative solution was to seek cash from external investors willing to invest in specific entities. When these entity was created, it could then borrow the capital separately from the sponsor company whilst maintaining Enron’s debt ratio and avoiding it being recorded in the balance sheet. 2. 3The Special Purpose Entities (SPEs)In order to cope with its growing volume of business, Enron needed a mechanism that could borrow an ever increasing amount of money but yet maintained an acceptable debt/equity ratio. Enron succeeded in hiding its debt by resorting to off-balance sheet financing. (Journal of Management Research, 2003a. ). Enron saw a creative use of special-purpose entities (SPEs) similar as that to the â€Å"GasBank†. Enron exploited this immature accounting area which used the SPE as on off-balance sheet item, to keep liabilities and assets of the entities separated from Enron’s statements. We will write a custom essay sample on Business Leadership in Enron or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The SPEs became a convenient vehicle to unload losing trading contracts and to borrow money from outside for Enron. According to (GAO,2002) â€Å" A business may utilize a SPE for accounting purpose, but these transactions must still be subjected to certain regulations†. (Journal of Management Research, 2003b. ) This was initially a temporary solution for temporary cash flow problems. Enron later used SPE partnership under 3% rule to hide had bets it had made on speculative assets of the partnerships in return for IOU’s backed by Enron stock as collateral (more than $1billion by 2002). In November 1997, Calpers wanted to cash out of JEDI and in order to keep JEDI afloat, Enron needed a new 3% partner. It then created another partnership Chewco to buy out Calper’s stake in JEDI for $383million. (Deakin Konzelmann, 2004) Enron plans to give back short term loan to Chewco to permit tit to to buy out Calper’s stake.

Free Essays on Sauls Conversion

The Damascus Road Experience I decided to do my paper on Acts 9:1 though Acts 9:9. I chose this passage because I believe it made a huge difference in Christianity. After his experience on the road, Paul became one of the most influential men in the Bible. He also wrote two- thirds of the New Testament. Paul was one of the most intelligent men of his time. This is why his conversion was so important. Luke wrote this book. It was written around 62 A.D. This was a letter originally written to Theophilus. The purpose of writing to Theophilus was to give him greater insight into the origins of Christianity. It is thought that he was a converted Gentile. This miraculous event occurred on the road to Damascus. Saul was a member of the Sanhedrin. It was the middle of the day, and Gods light shined brighter than the sun. The bright light blinded Paul, maybe to show him his blindness in persecution. Paul was blown away when he heard â€Å" I am Jesus, whom you persecute†. Because he experienced this event himself, there was no way he could deny it. He understood that this vision was from the God he had been trying to serve, only to learn that he had badly misunderstood God. He saved Saul just in time. He was taking orders from the high priest of the Sanhedrin, which gave him, power to extradite all Christians who had fled due to persecution. Saul was known as the most zealous representative of the Jewish community when it came to persecution. Saul believed he was being religious and doing the right thing in persecuting Christians. The main theme is salvation, plain and simple. The Lord saved Paul from a life of sin. In turn, The Lord also saved many lives by reversing Paul’s beliefs when he did. Who knows how many would have died if Paul and his entourage would have killed in Damascus. This is how the passage goes according to me: Saul was talking about abusing and murdering Christians. He goes to the boss to ask for the pa... Free Essays on Saul's Conversion Free Essays on Saul's Conversion The Damascus Road Experience I decided to do my paper on Acts 9:1 though Acts 9:9. I chose this passage because I believe it made a huge difference in Christianity. After his experience on the road, Paul became one of the most influential men in the Bible. He also wrote two- thirds of the New Testament. Paul was one of the most intelligent men of his time. This is why his conversion was so important. Luke wrote this book. It was written around 62 A.D. This was a letter originally written to Theophilus. The purpose of writing to Theophilus was to give him greater insight into the origins of Christianity. It is thought that he was a converted Gentile. This miraculous event occurred on the road to Damascus. Saul was a member of the Sanhedrin. It was the middle of the day, and Gods light shined brighter than the sun. The bright light blinded Paul, maybe to show him his blindness in persecution. Paul was blown away when he heard â€Å" I am Jesus, whom you persecute†. Because he experienced this event himself, there was no way he could deny it. He understood that this vision was from the God he had been trying to serve, only to learn that he had badly misunderstood God. He saved Saul just in time. He was taking orders from the high priest of the Sanhedrin, which gave him, power to extradite all Christians who had fled due to persecution. Saul was known as the most zealous representative of the Jewish community when it came to persecution. Saul believed he was being religious and doing the right thing in persecuting Christians. The main theme is salvation, plain and simple. The Lord saved Paul from a life of sin. In turn, The Lord also saved many lives by reversing Paul’s beliefs when he did. Who knows how many would have died if Paul and his entourage would have killed in Damascus. This is how the passage goes according to me: Saul was talking about abusing and murdering Christians. He goes to the boss to ask for the pa...