Business
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Category: BusinessBigger Than Enron
On June 15, a Houston jury convicted Arthur Andersen — the 89-year-old accounting firm once known as the gold standard of integrity in auditing — for obstruction of justice in the government’s investigation of Enron, Andersen’s biggest client. With the demise of Andersen, the American business landscape was forever altered. But something else was altered as well: the scandal surrounding Enron and Andersen, together with the wave of other major accounting scandals that have come to light in recent months, has dealt America’s markets an unsettling psychological blow. If we can’t trust the auditors, investors wonder, whom can we trust?
The meteoric rise and stunning collapse of Enron caused many to question why the corporate oversight system that was supposed to protect investors failed to sound any alarms about the company’s dubious finances. But Enron and Arthur Andersen turn out to be merely the tip of the iceberg. In the 1990s, more than 700 U.S. companies were forced to correct misleading financial statements as a result of accounting failures, lapses, or outright fraud. Together with Enron — the largest corporate bankruptcy in U.S. history — these failures have cost investors an estimated $200 billion. Tags: Bigger Than Enron Views: 712 Rating:  Posted By: admin |
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Category: BusinessPhantom Shares
There is a large portion of America’s middle class that turns to investments as a means of retirement. A lot of people like to keep tabs on stock they have invested in, or receive as benefits. Some might receive shares of a stock as an incentive to take care of the company they work for insuring they and the company are profitable.
Then one day the moment in the spotlight comes and the company goes public on the market. The glitter quickly fades to gloom as the company you and so many worked so hard for falls in value %15-%35 in the first month continuing the trend over the next year. Someone must be to blame but not who you might think. Tags: Phantom Shares Views: 751 Rating:  Posted By: admin |
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Category: Business25 Million pounds
25 Million Pounds a study of Nick Leeson and the collapse of Barings Bank. Won the Best Science and Nature Documentary in the 1998 San Francisco International Film Festival. Tags: 25 Million pounds Views: 1473 Rating:  Posted By: admin |
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Category: BusinessSuper Rich -The Greed Game
As the credit crunch bites and a global economic crisis threatens, Robert Peston reveals how the super-rich have made their fortunes, and the rest of us are picking up the bill. Tags: Views: 7159 Rating:  Posted By: admin |
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Category: BusinessThe Money Masters Part 2 of 2
This film is probably the best history movie you will ever see in your life. In total it is about 5 hours of footage but worth every second. You will probably learn more in 5 hours of watching this film than you will learn in any college history class. Fasten your seat belts. Tags: Money Masters Views: 8724 Rating: Posted By: admin |
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Category: BusinessThe Money Masters Part 1 of 2
This film is probably the best history movie you will ever see in your life. In total it is about 5 hours of footage but worth every second. You will probably learn more in 5 hours of watching this film than you will learn in any college history class. Fasten your seat belts. Tags: Money Masters Views: 22184 Rating: Posted By: admin |
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Category: BusinessBanking With Hitler
The US Secretary of the Treasury, Henry Morgenthau, began investigating Nazi finances 60 years ago and found Allied banks, including many British and American high street names, who continued to do business with Hitler's Germany throughout the war. Tags: Banking With Hitler Views: 7545 Rating: Posted By: admin |
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Category: BusinessBush Family Fortunes
This hour long documentary follows the award-winning reporter-sleuth Greg Palast on the trail of the Bush family, from Florida election finagling, to the Saudi connection, to the Bush team's spiking the FBI investigation of the bin Laden family and the secret State Department plans for post-war Iraq. These are the hard-hitting reports that have been seen in films like Michael Moore's Fahrenheit 9/11, broadcast internationally on BBC Newsnight television, and are found in Palast's international bestselling book The Best Democracy Money Can Buy. Tags: Bush Family Fortunes Views: 7888 Rating: Posted By: admin |
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Category: BusinessThe Fourth World War
True to leftist propaganda, this movie takes the opportunity to paint everything black. I'd say that black is the color most sought out by end of worlders, false prophets, etc.etc. Tags: The Fourth World War Views: 10082 Rating: Posted By: admin |
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Video made by Johnson & Johnson heir about 3 years ago. Caused a bit of a stir and then the doco 'dissapeared'. Has anyone else seen it around? Some great stuff opn the up's and downs of poor little rich kids. VERY enlightening and shows just how disconnected from the daily grind these perfumed princess's and princes are. Still, hats off to the film maker. Why he did this documentary is anyones guess? Tags: Born Rich Views: 13682 Rating: Posted By: admin |
