Resisting corporate corruption cases in practical ethics from enron through the financial crisis

"Resisting Corporate Corruption teaches business ethics in a manner very different from the philosophical and legal frameworks that dominate graduate schools.  The book offers twenty-eight case studies and nine essays that cover a full range of business practice, controls and ethics is...

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Detalles Bibliográficos
Otros Autores: Arbogast, Stephen V., 1948- author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Beverly, Massachusetts : Scrivener Publishing 2017.
Edición:Third edition
Colección:THEi Wiley ebooks.
Materias:
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009703313106719
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright Page
  • Contents
  • Foreword
  • Preface
  • Note to Faculty: How to Use this Book
  • Acknowledgements
  • Section 1 The Enron Cases
  • Part 1 Demolishing Financial Control, Neutering the Gatekeepers
  • Case 1 Enron Oil Trading (A): Untimely Problems in Valhalla
  • Natural Gas Pipelines in Crisis
  • Considering the Options
  • The Meeting with Internal Audit
  • Author's Note
  • Notes
  • Essay 1 How to Do an Ethics Case Study
  • The Solution Framework: Defining the Ethics Issue
  • Tactical Planning and Alternative Business Plans
  • Personal Considerations
  • A Final Word About Financial Control
  • Case 2 Enron Oil Trading (B): An Opening for Enron Audit?
  • Author's Note
  • Notes
  • Essay 2 How a Corporation Becomes Corrupt
  • Case 3 Enter Mark-to-Market: Exit Accounting Integrity?
  • Jeff Skilling's Association with Enron
  • Serge Goldman Prepares to Meet Jeff Skilling
  • Author's Note
  • Notes
  • Essay 3 Necessary Ammunition: Economic Rationales for Financial Control
  • Financial Control at the Heart of Business Success: Personal Experience
  • Summarizing the Controls/Business Success Intangibles
  • The Economic Consequences of Sound Financial Control
  • Notes
  • Part 2 Business Struggles, Accounting Manipulations
  • Case 4 Adjusting the Forward Curve in the Backroom
  • Conversation with T.J. Malva
  • Ethics Assessment and Tactical Options
  • Author's Note
  • Case 5 Enron's SPEs: A Vehicle too Far?
  • Enron and Special Purpose Entity (SPE) Vehicles
  • Chewco Investments
  • Author's Note
  • Notes
  • Case 6 Court Date Coming in California?
  • California Decontrols Electricity
  • Enron's 'Star Wars' Gambits
  • Political Fallout in California
  • Enron Legal Investigates
  • SR Produces a Legal Opinion
  • Author's Note
  • Notes
  • Part 3 Resisting Corruption at Enron
  • Case 7 New Counsel for Andy Fastow.
  • Determining a Course of Action
  • Author's Note
  • Notes
  • Case 8 Nowhere to Go with the 'Probability of Ruin'
  • The Enron Companywide Risk Management Report
  • Kaminski and LJM
  • Meeting with Ben Glisan
  • Elsewhere in Enron
  • Author's Note
  • Notes
  • Case 9 Lay Back … and Say What?
  • Problems Deciding What to Say
  • Skilling Decides to Call it Quits
  • Assessing the Broader State of Enron
  • Focusing on the Task at Hand
  • Author's Note
  • Notes
  • Case 10 Whistleblowing Before Imploding in Accounting Scandals
  • Welcome Back
  • Now Meet the Raptors
  • Pondering an Approach to Ken Lay
  • A Decision to Go Forward
  • Author's Note
  • Notes
  • Essay 4 Resisting Corporate Corruption: The Enron Legacy
  • Tactical Lessons for Internal Resistance
  • Tactical Lessons for Taking Ethics Issues Outside the Firm
  • Implications for the Financial Crisis Cases
  • Essay 5 Underappreciated Origins of the Financial Crisis - A Personal Memoir
  • Jack Bennett Shakes Up Wall Street
  • Wall Street Restructures, Consolidates, and Innovates
  • Trading Dominates Banking and Client Relations Change
  • Prelude to Financial Crisis
  • Section 2 The Financial Crisis Cases
  • Part 1 New Business Models Undermine Standards and Controls
  • Case 1 Seeking a Sustainable Business Model at Goldman Sachs
  • Banking vs. Trading at Goldman Sachs
  • Competitive Pressures Change Wall Street's Business Models
  • Embarrassment and Unprecedented Losses
  • Hank Paulson Decides on a 'Counter to Corzine'
  • Author's Note
  • Notes
  • Case 2 Juggling Public Policy, Politics and Profits at Fannie Mae
  • Origins of a Conflicted Government Entity
  • New Law, Politics and the 'Housers' Complicate Fannie Mae's Mission
  • Reconciling Wall Street Performance and 'Affordable Housing'
  • Beating Back the Privatizers
  • Wall Street Mounts an End Run, and Fannie Lowers its Standards
  • The Year 1998.
  • Guidance for Franklin Raines
  • Author's Note
  • Notes
  • Case 3 Should Countrywide Join the Subprime 'Race to the Bottom'?
  • Nature and Structure of the U.S. Mortgage Business, 1940-85
  • Wall Street Develops Collateralized Mortgage Obligations (CMOs)
  • 'Subprime 1.0' Temporarily Sobers the Market
  • Countrywide's Strategy in the 1990s
  • AmeriQuest Launches a Subprime 'Race to the Bottom'
  • Mozilo Reconsiders Countrywide's Subprime Strategy
  • Author's Note
  • Notes
  • Case 4 Subprime Heading South at Bear Stearns Asset Management
  • Hedge Funds Develop on Wall Street
  • Bear Stearns Forms its Own Hedge Funds
  • Mortgage Market Trends and HGF Disclosure
  • Financial Control Issues at HGF
  • Cioffi and Tannin Respond to Growing Pressures
  • February 2007: ELF Performance Turns Negative
  • Matthew Tannin Considers His Response to Barclays Bank
  • Author's Note
  • Notes
  • Part 2 Consequences for Gatekeepers and Firms
  • Case 5 Ratings Integrity vs. Revenues at Moody's Investors Services
  • RMBS/CDO Ratings: Kolchinsky Protests and is Transferred
  • Moody's Becomes a NRSRO
  • Moody's Culture Changes, and the Firm Goes Public
  • Subprime Mortgage Debt: The Ratings Methodology Challenge
  • The Subprime Market Begins to Unravel
  • Summer 2008 - Moody's Prepares to Resume Ratings
  • Author's Note
  • Notes
  • Case 6 Admission of Material Omission? Citigroup's SIVs and Subprime Exposure
  • Citibank's Subprime Product Flow and its SIVs
  • Citibank Structures and Launches Subprime SIVs
  • Citibank's SIVs Finesse the VIE Rules
  • Conditions Worsen in the Mortgage and RMBS/CDO Markets
  • Citibank Reports Second Quarter Results
  • Third Quarter Events Hammer Citi's Results
  • Considering Citi's 3Q Results and IR's Proposed Pre-Announcement
  • Author's Note
  • Notes
  • Case 7 Facing Reputational Risk on Goldman's ABACUS 2007-AC1.
  • From Subprime RMBS to CDOs to SCDOs
  • Goldman's Trading and its Clients, 2006-07
  • Fabrice Tourre Constructs ABACUS 2007-AC1
  • Tourre Prepares for the MCC ABACUS Review
  • Author's Note
  • Notes
  • Case 8 Time to Drop the Hammer on AIG's Controls?
  • Innovation and Controls on Wall Street
  • Management and Controls at AIG
  • Greenberg Takes a Fall for AIG's 'Cooked Books'
  • AIG-FP Confronts a Subprime Market Decline
  • FP Faces Collateral Calls on Subprime CDS
  • Ryan and PWC Approach a Decision
  • Author's Note
  • Notes
  • Part 3 Financial Firms and Resisters
  • Case 9 Write to Rubin? - Pressure on Underwriting Standards at Citigroup
  • National City Bank Becomes a Giant Financial Conglomerate
  • Citi Demolishes Glass-Steagall
  • Organizational Challenges at Citigroup
  • Growth and Controls within Citigroup's Mortgage Operations
  • Bowen Considers His Next Step - Write to Rubin?
  • Author's Note
  • Notes
  • Case 10 Lehman Brothers Repo 105
  • Lehman Gets in Trouble
  • Repo 105 to the Rescue
  • Weighing Ethics, Career and Courses of Action
  • Author's Note
  • Notes
  • Essay 6 Wall Street and the Crisis - Causes, Contributions and Problems to Fix
  • Section 3 The Post-Crisis Cases - Reforms, Resistance, Continuing Realities
  • Part 1 The Dodd-Frank Act: A Primer
  • Case 1 Morgan Stanley Seeks a Sustainable Business Model after the Financial Crisis
  • John Mack Returns, Big Trading Comes to Morgan Stanley
  • Mack Guides Morgan Stanley into and Through the Financial Crisis
  • Mack Analyzes the Financial Crisis and Revamps MS Compensation
  • Mack Weighs Strategic Alternatives for Morgan Stanley
  • Author's Note
  • Notes
  • Case 2 Back to the Future on Goldman Sachs Reputational Risk
  • KMI Moves on El Paso
  • El Paso Reacts and Goldman Faces its Conflicts
  • The Business Standards Committee on Client Conflicts.
  • Blankfein Considers Goldman's Options to Manage its El Paso-KMI Conflicts
  • Author's Note
  • Notes
  • Case 3 Take Customer Cash to Survive? Compliance and Chaos at MF Global
  • Client Protections and Segregated Accounts
  • MF Global Courts an Illiquidity Crisis
  • Corzine 'Bets the House' on Euro Sovereign Debt
  • The Euro Sovereign Debt Crisis Hits
  • Markets Begin to Close in on MFGI
  • MFGI's Final Week and a Decision on Segregated Accounts
  • Author's Note
  • Notes
  • Case 4 Fix the LIBOR Fix?
  • LIBOR, its Fix Procedures, and Growth as a Global Benchmark
  • LIBOR Fixing Flaws and Incentives to Manipulate
  • London Banks Begin to Manipulate LIBOR Fixings
  • The Bank of England Learns LIBOR is Being Manipulated
  • The Financial Crisis Hits Barclays and LIBOR
  • Tucker Considers His Messages for Barclays
  • Author's Note
  • Notes
  • Case 5 Too Big to Know What's Going on at Banamex?
  • Oceanografía Defrauds Banamex
  • Managing the Global Financial Supermarket
  • Corbat Confronts the Banamex Scandal in a Post-Financial Crisis World
  • Author's Note
  • Notes
  • Case 6 Take CitiMortgage to the Feds?
  • CitiMortgage Ignores FHA Procedures
  • Citi Fails to Fix its FHA Noncompliance Issues
  • Hunt Meets Her Attorney
  • Author's Note
  • Notes
  • Case 7 Chipping Away at Dodd-Frank's Volcker Rule?
  • Proprietary Trading, Market-Making and the Volcker Rule
  • What Happened in the Market?
  • Considering an SEC Response
  • Author's Note
  • Notes
  • Essay 7 'And the Young Shall be Thrown Under the Bus' - Lessons in Resisting Unethical Conduct from Enron Through the Financial Crisis
  • Essay 8 Resisting Corporate Corruption, 2017 - Improved Conditions, Unresolved Issues
  • Are the Reforms Enough? What Risks Remain Unaddressed?
  • Resisting Corporate Corruption - 2016
  • To Resist Corporate Corruption - One Thing Remains
  • A Note on Blogs and Law Firms.
  • A Note on Sources.