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...
Otros Autores: | |
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Formato: | Libro electrónico |
Idioma: | Inglés |
Publicado: |
Beverly, Massachusetts :
Scrivener Publishing
2017.
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Edición: | Third edition |
Colección: | THEi Wiley ebooks.
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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.