Former Enron CEO Released After 12 Years in Prison
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Musk, Bezos, Other Billionaires Avoid US Income Taxes: Report 8 June 2021
Musk, Bezos, other billionaires avoid US income taxes: report 8 June 2021 George Soros. ProPublica says the billionaires did nothing illegal in their tax declarations, but employed tax-avoidance strategies "beyond the reach of ordinary people." They also benefited from the way taxable income is defined in the US tax code, since it does not take into account the growing value of assets like stock and property, and only taxes proceeds from sales of those items. The report comes days after G7 finance ministers endorsed a global minimum corporate tax rate of at least 15 percent, one of several tax proposals A bombshell report from journalism nonprofit ProPublica aimed at ensuring profitable multinationals pay their showed that several billionaires completely avoided US fair share. taxes some years. Other efforts include Democratic Senator Elizabeth Warren's initiative to tax the super-wealthy, including the value of their stock holdings and Several of the richest Americans have paid zero homes, rather than focusing on income alone. income tax in some years, according to an investigative report Tuesday that comes as "Our tax system is rigged for billionaires who don't Washington weighs new proposals to address tax make their fortunes through income, like working avoidance by the wealthiest individuals and families do," Warren said as she published the companies. ProPublica article to her Twitter feed. The bombshell report, by New York journalism "It is time for a #WealthTax in America to make the nonprofit ProPublica, showed Amazon Chairman ultra-rich finally pay their fair share." Jeff Bezos paid no income tax in 2007 and 2011, while Tesla chief Elon Musk avoided all payments ProPublica's report is based on IRS tax returns of in 2018. -
Media Coverage of Ceos: Who? What? Where? When? Why?
Media Coverage of CEOs: Who? What? Where? When? Why? James T. Hamilton Sanford Institute of Public Policy Duke University [email protected] Richard Zeckhauser Kennedy School of Government Harvard University [email protected] Draft prepared for March 5-6, 2004 Workshop on the Media and Economic Performance, Stanford Institute for International Studies, Center on Development, Democracy, and the Rule of Law. We thank Stephanie Houghton and Pavel Zhelyazkov for expert research assistance. Media Coverage of CEOs: Who? What? Where? When? Why? Abstract: Media coverage of CEOs varies predictably across time and outlets depending on the audience demands served by reporters, incentives pursued by CEOs, and changes in real economic indicators. Coverage of firms and CEOs in the New York Times is countercyclical, with declines in real GDP generating increases in the average number of articles per firm and CEO. CEO credit claiming follows a cyclical pattern, with the number of press releases mentioning CEOs and profits, earnings, or sales increasing as monthly business indicators increase. CEOs also generate more press releases with soft news stories as the economy and stock market grow. Major papers, because of their focus on entertainment, offer a higher percentage of CEO stories focused on soft news or negative news compared to CEO articles in business and finance outlets. Coverage of CEOs is highly concentrated, with 20% of chief executives generating 80% of coverage. Firms headed by celebrity CEOs do not earn higher average shareholder returns in the short or long run. For some CEOs media coverage equates to on-the-job consumption of fame. -
What Tech's Survivalist Billionaires Should Be
WHAT TECH’S SURVIVALIST BILLIONAIRES SHOULD BE DOING INSTEAD COULD AMAZON'S JEFF BEZOS, THE WORLD'S SECOND RICHEST MAN, BE HUMANITY'S LAST HOPE? By IMD Professor Howard Yu IMD Chemin de Bellerive 23 PO Box 915, CH-1001 Lausanne Switzerland Tel: +41 21 618 01 11 Fax: +41 21 618 07 07 [email protected] www.imd.org Copyright © 2006-2017 IMD - International Institute for Management Development. All rights, including copyright, pertaining to the content of this website/publication/document are owned or controlled for these purposes by IMD, except when expressly stated otherwise. None of the materials provided on/in this website/publication/document may be used, reproduced or transmitted, in whole or in part, in any form or by any means, electronic or mechanical, including photocopying, recording or the use of any information storage and retrieval system, without permission in writing from IMD. To request such permission and for further inquiries, please contact IMD at [email protected]. Where it is stated that copyright to any part of the IMD website/publication/document is held by a third party, requests for permission to copy, modify, translate, publish or otherwise make available such part must be addressed directly to the third party concerned. WHAT TECH’S SURVIVALIST BILLIONAIRES SHOULD BE DOING INSTEAD | Could Amazon's Jeff Bezos, the world's second richest man, be humanity's last hope? Amazon’s CEO, Jeff Bezos, recently passed Warren Buffett to become the world’s second-richest person, behind only Bill Gates. And on Wednesday, Bezos revealed that he has been selling about $1 billion in Amazon.com AMZN +1.41% stock a year to fund space travel, with the commitment of flying paying customers as soon as 2018. -
Amazon Case Study
Last updated: August 2002 Amazon.com Case Update Amazon.com Inc. (stock: AMZN) is undoubtedly the poster child for Internet retail businesses. It is the No. 1 Internet retailer of books, music, DVDs and videos, and has 26 million active customers in more than 220 countries as of first quarter 2002. In 2001, Interbrand's annual World's Most Valuable Brands survey ranked Amazon.com as the 76th most valuable brand in the world, ahead of Burger King and Shell, among others. According to MMXI Europe Audience Ratings Report, the Amazon.co.uk, Amazon.de and parent Amazon.com site are the top three online retail sites in Europe, based on reach. Amazon's founder and chairman, Jeff Bezos, was Time magazine's "Man of the Year" in 1999. Amazon.com has evolved from an online bookseller to a general merchant, and today is the largest online retailer. It claims that it has “the Earth’s biggest selection” of products in categories such as books, music, DVDs, videos, toys, electronics, software, video games, lawn and patio, kitchen and home improvement. The company has also created Web-based marketplaces, including Amazon Marketplace, Amazon.com Auctions and zShops, where businesses or individuals can sell virtually anything. The Amazon.com family of websites also includes Internet Movie Database (www.imdb.com), a comprehensive source of information on more than 300,000 movies and entertainment programs and 1 million cast and crew members dating from 1892 to the present. Amazon Anywhere (www.amazon.com/anywhere) marks the company's entrance into mobile e-commerce. -
Final Debriefing About Case N. 16 Amazon (State N. and Name of the Selected Company) Analyzed by Alfonso - Name –Navarro Miralles- Surname
Final debriefing about case n. 16 Amazon (state n. and name of the selected company) Analyzed by Alfonso - name –Navarro Miralles- surname Scientific articles/papers State at least n.1 scientific article/paper you selected to support your analysis and recommendations N. Title Author Journal Year, Link number 1. 17/06/2017 https://www.elconfidencial.com/tecnologia/2017-06-17/amazon-whole-foods-supermercados-amazon-go_1400807/ 2. 2/06/2020 https://r.search.yahoo.com/_ylt=AwrP4o3VEdleYUMAKhxU04lQ;_ylu=X3oDMTByZmVxM3N0BGNvbG8DaXIyBHBvcwMxBHZ0aWQDBHNlYwNzYw- -/RV=2/RE=1591312982/RO=10/RU=https%3a%2f%2flahora.gt%2famazon-coloca-sus-bonos-al-interes-mas-bajo-jamas-pagado-por-una-empresa-en-ee- uu%2f/RK=2/RS=Zx5.zD_yM_46ddGLB3MWurVI_Yw- 3. 2/04/2019 https://r.search.yahoo.com/_ylt=AwrJS5g3EtleXmwAKj9U04lQ;_ylu=X3oDMTByaW11dnNvBGNvbG8DaXIyBHBvcwMxBHZ0aWQDBHNlYwNzcg-- /RV=2/RE=1591313079/RO=10/RU=https%3a%2f%2fwww.merca20.com%2famazon-lanzo-una-agresiva-estrategia-de-mercadotecnia-en-whole- foods%2f/RK=2/RS=iypqQZFlpG12X9jM7BsXb1VPVx8- Describe the company’s strategic profile and its industry Applying the tools of analysis covered in the whole textbook, identify and evaluate the company’s strategic profile, strategic issues/problems that merit attention (and then propose, in the following section, action recommendations to resolve these issues/problems). Jeff Bezos founded the electronic commerce company Amazon in 1995, a name chosen for his taste for the Amazon River. Their service was somewhat novel to netizens, resulting in the increase in visits fastly. Only in the first month of operation, and to Bezos' own happiness, had books been sold in all corners of the United States. Months later it reached 2,000 daily visitors, a figure that would multiply abysmally in the next year. -
Enron's Pawns
Enron’s Pawns How Public Institutions Bankrolled Enron’s Globalization Game byJim Vallette and Daphne Wysham Sustainable Energy and Economy Network Institute for Policy Studies March 22, 2002 About SEEN The Sustainable Energy and Economy Network, a project of the Institute for Policy Studies (Washington, DC), works in partnership with citizens groups nationally and globally on environment, human rights and development issues with a particular focus on energy, climate change, environmental justice, and economic issues, particularly as these play out in North/South relations. SEEN views these issues as inextricably linked to global security, and therefore applies a human security paradigm as a framework for guiding its work. The reliance of rich countries on fossil fuels fosters a climate of insecurity, and a rationale for large military budgets in the North. In the South, it often fosters or nurtures autocratic or dictatorial regimes and corruption, while exacerbating poverty and destroying subsistence cultures and sustainable livelihoods. A continued rapid consumption of fossil fuels also ensures catastrophic environmental consequences: Climate change is a serious, emerging threat to the stability of the planet's ecosystems, and a particular hazard to the world's poorest peo- ple. The threat of climate change also brings more urgency to the need to reorient energy-related investments, using them to provide abundant, clean, safe energy for human needs and sustainable livelihoods. SEEN views energy not as an issue that can be examined in isolation, but rather as a vital resource embedded in a development strategy that must simultaneously address other fundamentals, such as education, health care, public par- ticipation in decision-making, and economic opportunities for the poorest. -
A Case of Corporate Deceit: the Enron Way / 18 (7) 3-38
NEGOTIUM Revista Científica Electrónica Ciencias Gerenciales / Scientific e-journal of Management Science PPX 200502ZU1950/ ISSN 1856-1810 / By Fundación Unamuno / Venezuela / REDALYC, LATINDEX, CLASE, REVENCIT, IN-COM UAB, SERBILUZ / IBT-CCG UNAM, DIALNET, DOAJ, www.jinfo.lub.lu.se Yokohama National University Library / www.scu.edu.au / Google Scholar www.blackboard.ccn.ac.uk / www.rzblx1.uni-regensburg.de / www.bib.umontreal.ca / [+++] Cita / Citation: Amol Gore, Guruprasad Murthy (2011) A CASE OF CORPORATE DECEIT: THE ENRON WAY /www.revistanegotium.org.ve 18 (7) 3-38 A CASE OF CORPORATE DECEIT: THE ENRON WAY EL CASO ENRON. Amol Gore (1) and Guruprasad Murthy (2) VN BRIMS Institute of Research and Management Studies, India Abstract This case documents the evolution of ‘fraud culture’ at Enron Corporation and vividly explicates the downfall of this giant organization that has become a synonym for corporate deceit. The objectives of this case are to illustrate the impact of culture on established, rational management control procedures and emphasize the importance of resolute moral leadership as a crucial qualification for board membership in corporations that shape the society and affect the lives of millions of people. The data collection for this case has included various sources such as key electronic databases as well as secondary data available in the public domain. The case is prepared as an academic or teaching purpose case study that can be utilized to demonstrate the manner in which corruption creeps into an ambitious organization and paralyses the proven management control systems. Since the topic of corporate practices and fraud management is inherently interdisciplinary, the case would benefit candidates of many courses including Operations Management, Strategic Management, Accounting, Business Ethics and Corporate Law. -
210205-Jeff-Bezos.Pdf
Breaking News English.com Ready-to-Use English Lessons by Sean Banville “1,000 IDEAS & ACTIVITIES Thousands more free lessons FOR LANGUAGE TEACHERS” from Sean's other websites breakingnewsenglish.com/book.html www.freeeslmaterials.com/sean_banville_lessons.html Level 3 - 5th February, 2021 Jeff Bezos stepping down as Amazon CEO FREE online quizzes, mp3 listening and more for this lesson here: https://breakingnewsenglish.com/2102/210205-jeff-bezos.html Contents The Article 2 Discussion (Student-Created Qs) 15 Warm-Ups 3 Language Work (Cloze) 16 Vocabulary 4 Spelling 17 Before Reading / Listening 5 Put The Text Back Together 18 Gap Fill 6 Put The Words In The Right Order 19 Match The Sentences And Listen 7 Circle The Correct Word 20 Listening Gap Fill 8 Insert The Vowels (a, e, i, o, u) 21 Comprehension Questions 9 Punctuate The Text And Add Capitals 22 Multiple Choice - Quiz 10 Put A Slash ( / ) Where The Spaces Are 23 Role Play 11 Free Writing 24 After Reading / Listening 12 Academic Writing 25 Student Survey 13 Homework 26 Discussion (20 Questions) 14 Answers 27 Please try Levels 0, 1 and 2 (they are easier). Twitter twitter.com/SeanBanville Facebook www.facebook.com/pages/BreakingNewsEnglish/155625444452176 THE ARTICLE From https://breakingnewsenglish.com/2102/210205-jeff-bezos.html The founder of Amazon.com, Jeff Bezos, will step down from his role as CEO (Chief Executive Officer). Mr Bezos, 57, announced he will finish as CEO later this year. Instead of being CEO, he will take on the new role of Amazon's executive chair. He will pass on the position of CEO to Andy Jassy. -
Former Enron Broadband Chief Executive Officer Kenneth Rice Sentenced on Securities Fraud Charge
FOR IMMEDIATE RELEASE CRM MONDAY, JUNE 18, 2007 PH: (202) 514-2007 WWW.USDOJ.GOV/ TDD: (202) 514-1888 Former Enron Broadband Chief Executive Officer Kenneth Rice Sentenced on Securities Fraud Charge WASHINGTON – Kenneth Rice, a former chief executive officer of Enron Broadband Services (EBS), was sentenced to 27 months in prison and ordered to forfeit approximately $15 million to be used to compensate victims of the Enron fraud, Assistant Attorney General Alice S. Fisher of the Criminal Division announced today. Rice was sentenced today at a hearing before Judge Vanessa Gilmore at U.S. District Court in Houston. Rice pleaded guilty on July 20, 2004 to the securities fraud charge, and cooperated with the government’s investigation into the collapse of Enron. Rice admitted that while he was at EBS, a unit of the now-defunct Enron Corp., he and others made a series of false statements about the products, services and business performance of EBS in order to mislead investors and others about the success of the company and to inflate artificially the price of Enron stock. Rice admitted that while serving as EBS’s CEO, he conspired with others to make false statements about the company’s development of various software capabilities and its fiber-optic network. Rice admitted that he falsely portrayed EBS as a commercial and business success, and falsely claimed that network control software developed by EBS was “up and running” – when in fact the software had not progressed beyond the internal development stage. These and other misrepresentations, including a failure to disclose to the investing public that the company stood to sustain operating losses in 2001, contributed to a sharp rise in Enron’s stock price. -
P:\Heather\Opinions to Be Docketed\04Cr025 Full Document.Wpd
Case 4:04-cr-00025 Document 494 Filed in TXSD on 10/17/05 Page 1 of 68 IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION UNITED STATES OF AMERICA, § § Plaintiff, § § v. § CRIMINAL NUMBER H-04-025-SS § RICHARD A. CAUSEY, JEFFERY K. § SKILLING, and KENNETH L. LAY, § § Defendants. § MEMORANDUM OPINION AND ORDER Pending before the court are Kenneth L. Lay’s Motion to Dismiss the Securities Fraud and Wire Fraud Counts of the Second Superseding Indictment [Defense Motion No. 2] (Docket Entry No. 386),1 and Jeffery K. Skilling’s Motion to Dismiss Counts 23, 24, 26, and to Strike Various Allegations as Prejudicial Surplusage [Defense Motion No. 4] (Docket Entry No. 394).2 The pending motions challenge charges brought against Lay for securities fraud and wire fraud and against Skilling for securities fraud as part of a 53-count Second Superseding Indictment ((SSI) Docket Entry No. 97). For the following reasons the motions will be denied. 1By notice filed with the court, Lay’s co-defendants join in this motion. See Jeffrey Skilling’s Joinder in Support of Defendant Kenneth Lay’s Defense Motions (Defense Motions Nos. 1 and 2)(Docket Entry No. 392); and Notice of Joinder (Docket Entry No. 420), executed by all three defendants. 2By notice filed with the court, Skilling’s co-defendants join in this motion. See Defendant Richard A. Causey’s Joinder in Various Defense Motions (Docket Entry No. 376)); Kenneth L. Lay’s Notice of Joinder of Co-Defendants’ Motions (Docket Entry No. 380); and Notice of Joinder (Docket Entry No. -
BILLIONAIRE PANDEMIC WEALTH GAINS of 55%, OR $1.6 TRILLION, COME AMID THREE DECADES of RAPID WEALTH GROWTH April 15, 2021
BILLIONAIRE PANDEMIC WEALTH GAINS OF 55%, OR $1.6 TRILLION, COME AMID THREE DECADES OF RAPID WEALTH GROWTH April 15, 2021 Whether measured over 13 months or 31 years, the growth of U.S. billionaire wealth is both astounding and troubling based on Forbes data as of April 12, 2021. Billionaire wealth growth has perversely accelerated over the 13 months of global pandemic. But the piling up of fortunes at the top has proceeded at a rapid clip for decades even as the net worth of working Americans lagged and public services deteriorated. Tax reforms of the type proposed by President Biden would begin to reverse these damaging trends. GROWTH OF BILLIONAIRE WEALTH DURING THE FIRST-THREE MONTHS OF THE PANDEMIC Between March 18, 2020, and April 12, 2021,the collective wealth of American billionaires leapt by $1.62 trillion, or 55%, from $2.95 trillion to $4.56 trillion. [See data table here]. That increase in billionaire wealth alone could pay for nearly 70% of the 10-year, $2.3 trillion cost of President Biden’s proposed jobs and infrastructure plan—the American Jobs Plan. As of April 12, there were six American “centi-billionaires”—individuals each worth at least $100 billion [see table below]. That’s bigger than the size of the economy of each of 13 of the nation’s states. Here’s how the wealth of these ultra-billionaires grew during the pandemic: ● Amazon’s Jeff Bezos, almost a “double-centi-billionaire” with a net worth of nearly $197 billion, is up 74% over the last 13 months. -
KNOWLEDGE MANAGEMENT Managing Corporate Reputation and Risk.Pdf
Managing Corporate Reputation and Risk Developing a Strategic Approach to Corporate Integrity Using Knowledge Management This Page Intentionally Left Blank Managing Corporate Reputation and Risk Developing a Strategic Approach to Corporate Integrity Using Knowledge Management D N Amsterdam Boston Heidelberg London New York Oxford Paris San Diego San Francisco Singapore Sydney Tokyo Butterworth–Heinemann is an imprint of Elsevier. Copyright © , Dale Neef. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Recognizing the importance of preserving what has been written, Elsevier Science prints its books on acid-free paper whenever possible. Library of Congress Cataloging-in-Publication Data Neef, Dale, – Managing corporate reputation and risk / Dale Neef. p. cm. Includes bibliographical references and index. ISBN --- . Corporate image. Corporations—Moral and ethical aspects. Business ethics. Integrity. Risk management. Knowledge management. I. Title. HD..N .–dc British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. The publisher offers special discounts on bulk orders of this book. For information, please contact: Manager of Special Sales Elsevier Science Wheeler Road Burlington, MA Tel: -- Fax: -- For information on all Butterworth–Heinemann publications available,