Agency problem in enron | Business & Finance homework help

 

The Fall of Enron

 

The collapse of energy giant Enron in 2001 showed how catastrophic the agency problem can be. The company’s officers and board of directors, including Chairman Kenneth Lay, CEO Jeffrey Skilling and CFO Andy Fastow, were selling their Enron stock at higher prices due to false accounting reports that made the stock seem more valuable than it truly was. After the scandal was uncovered, thousands of stockholders lost millions of dollars as Enron share values plummeted.

 

In your essay, discuss the agency problem in Enron and how the motives were originated, the unethical practices of the board of directors, their CEOs that propagated the problem, and the outcomes of these practices on the company’s shareholders. What alternatives and solutions would you suggest to solve this ethical dilemma?

 

WHAT YOU HAVE TO DO:

You should submit a 1000 words case study report on Principle agent problem in business companies.

You must follow Qatar University’s formatting guidelines and include references. The report will be graded on the detailed criteria outlined on page three of this document. The recommended layout of your report is given in the following bullet points.

·         Cover page (your names, date & number of words)

·         Executive summary (A high level summary of the project)

·         Table of contents

·         Introduction (background of chosen banks, firm or institution)

·         What the chosen company is doing regarding your chosen topic.

·         Analysis and evaluation.

·         Recommendations

·         Conclusion (summarize all the above)

·         References

Your project should be no more than 1000 words (executive summary and any references and appendices do not count towards the word limit).

 

Reading list:

http://www.nytimes.com/2011/11/08/opinion/end-bonuses-for-bankers.html?_r=0

http://euractivgreece.blogactiv.eu/2013/06/30/124/

 

 

 

 

 

 

 

 

 

 

Performance Area

1:  Does Not  Meet Expectations

2:  Needs Improvement

3:  Meets Expectations

4: Exceeds Expectations

Identifies Dilemma

 

Has a vague idea of what the dilemma is and is uncertain what must be decided

Identifies in general the dilemma, including pertinent facts, and ascertains what must be decided

Describes the dilemma in detail having gathered pertinent facts. Ascertains exactly what must be decided

Describes perfectly the dilemma in detail having

 gathered pertinent facts.

Ascertains exactly what must be decided

by considering the consequences

Considers Stakeholders

 

Is unsure as to who should be involved in the decision-making process

Determines who should be involved in the decision making process and accurately identifies all the stakeholders

Determines who should be involved in the decision making process and thoroughly reflects on the viewpoints of the stakeholders

Determines with precision who should be involved in the decision

 making process

 and thoroughly analyzesthe viewpoints of the stakeholders

Analyzes Alternatives and Consequences

 

Begins to appraise the relevant facts and assumptions and was unable to identify alternatives.

Clarifies at least two alternatives and assessed broadly their associated consequences in detail. 

Clarifies a number of alternatives and evaluates each according to their relative importance to all stakeholders

Prescribe a large number of alternatives

 and evaluates consciously each according to their relative

 importance to all stakeholders

Chooses an Action

 

Has difficulty identifying and appropriate course of action from among alternatives

Formulates clearly a general implementation plan that describes the execution of the decision

Formulates an implementation plan that describes the execution of the decision with a clear understanding of the potential effects of the chosen action

Formulates and recommend a rational and practical

implementation plan that thoroughly describes

of the potential effects of the chosen action

GRADING CRITIRIA

 

 

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