Actions for Resisting corporate corruption [electronic resource] : cases in practical ethics from Enron through financial crisis
Resisting corporate corruption [electronic resource] : cases in practical ethics from Enron through financial crisis / Stephen V. Arbogast
- Author
- Arbogast, Stephen V., 1948-
- Published
- Hoboken, NJ : Scrivener Publishing/Wiley, 2017.
- Edition
- Third edition.
- Physical Description
- 1 online resource (xxvi, 566 pages) : illustrations (black and white)
Access Online
- Contents
- Machine generated contents note: Part 1: Demolishing Financial Control, Neutering the Gatekeepers / Sherron S. Watkins -- Case 1 Enron Oil Trading (A): Untimely Problems in Valhalla / Sherron S. Watkins -- Natural Gas Pipelines in Crisis / Sherron S. Watkins -- Considering the Options / Sherron S. Watkins -- The Meeting with Internal Audit / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Essay 1 How to Do an Ethics Case Study / Sherron S. Watkins -- The Solution Framework: Defining the Ethics Issue / Sherron S. Watkins -- Tactical Planning and Alternative Business Plans / Sherron S. Watkins -- Personal Considerations / Sherron S. Watkins -- A Final Word About Financial Control / Sherron S. Watkins -- Case 2 Enron Oil Trading (B): An Opening for Enron Audit? / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Essay 2 How a Corporation Becomes Corrupt / Sherron S. Watkins -- Case 3 Enter Mark-to-Market: Exit Accounting Integrity? / Sherron S. Watkins -- Jeff Skilling's Association with Enron / Sherron S. Watkins -- Serge Goldman Prepares to Meet Jeff Skilling / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Essay 3 Necessary Ammunition: Economic Rationales for Financial Control / Sherron S. Watkins -- Financial Control at the Heart of Business Success: Personal Experience / Sherron S. Watkins -- Summarizing the Controls/Business Success Intangibles / Sherron S. Watkins -- The Economic Consequences of Sound Financial Control / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Part 2: Business Struggles, Accounting Manipulations / Sherron S. Watkins -- Case 4 Adjusting the Forward Curve in the Backroom / Sherron S. Watkins -- Conversation with T.J. Malva / Sherron S. Watkins -- Ethics Assessment and Tactical Options / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Case 5 Enron's SPEs: A Vehicle too Far? / Sherron S. Watkins -- Enron and Special Purpose Entity (SPE) Vehicles / Sherron S. Watkins -- Chewco Investments / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 6 Court Date Coming in California? / Sherron S. Watkins -- California Decontrols Electricity / Sherron S. Watkins -- Enron's 'Star Wars' Gambits / Sherron S. Watkins -- Political Fallout in California / Sherron S. Watkins -- Enron Legal Investigates / Sherron S. Watkins -- SR Produces a Legal Opinion / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Part 3: Resisting Corruption at Enron / Sherron S. Watkins -- Case 7 New Counsel for Andy Fastow / Sherron S. Watkins -- Determining a Course of Action / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 8 Nowhere to Go with the 'Probability of Ruin' / Sherron S. Watkins -- The Enron Companywide Risk Management Report / Sherron S. Watkins -- Kaminski and LJM / Sherron S. Watkins -- Meeting with Ben Glisan / Sherron S. Watkins -- Elsewhere in Enron / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 9 Lay Back...and Say What? / Sherron S. Watkins -- Problems Deciding What to Say / Sherron S. Watkins -- Skilling Decides to Call it Quits / Sherron S. Watkins -- Assessing the Broader State of Enron / Sherron S. Watkins -- Focusing on the Task at Hand / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 10 Whistleblowing Before Imploding in Accounting Scandals / Sherron S. Watkins -- Welcome Back; Now Meet the Raptors / Sherron S. Watkins -- Pondering an Approach to Ken Lay / Sherron S. Watkins -- A Decision to Go Forward / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Essay 4 Resisting Corporate Corruption: The Enron Legacy / Sherron S. Watkins -- Tactical Lessons for Internal Resistance / Sherron S. Watkins -- Tactical Lessons for Taking Ethics Issues Outside the Firm / Sherron S. Watkins -- Implications for the Financial Crisis Cases / Sherron S. Watkins -- Essay 5 Underappreciated Origins of the Financial Crisis-A Personal Memoir / Sherron S. Watkins -- Jack Bennett Shakes Up Wall Street / Sherron S. Watkins -- Wall Street Restructures, Consolidates, and Innovates / Sherron S. Watkins -- Trading Dominates Banking and Client Relations Change / Sherron S. Watkins -- Prelude to Financial Crisis / Sherron S. Watkins -- Part 1: New Business Models Undermine Standards and Controls / Sherron S. Watkins -- Case 1 Seeking a Sustainable Business Model at Goldman Sachs / Sherron S. Watkins -- Banking vs. Trading at Goldman Sachs / Sherron S. Watkins -- Competitive Pressures Change Wall Street's Business Models / Sherron S. Watkins -- Embarrassment and Unprecedented Losses / Sherron S. Watkins -- Hank Paulson Decides on a 'Counter to Corzine' / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 2 Juggling Public Policy, Politics and Profits at Fannie Mae / Sherron S. Watkins -- Origins of a Conflicted Government Entity / Sherron S. Watkins -- New Law, Politics and the 'Housers' Complicate Fannie Mae's Mission / Sherron S. Watkins -- Reconciling Wall Street Performance and 'Affordable Housing' / Sherron S. Watkins -- Beating Back the Privatizers / Sherron S. Watkins -- Wall Street Mounts an End Run, and Fannie Lowers its Standards / Sherron S. Watkins -- The Year 1998 / Sherron S. Watkins -- Guidance for Franklin Raines / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 3 Should Countrywide Join the Subprime 'Race to the Bottom'? / Sherron S. Watkins -- Nature and Structure of the U.S. Mortgage Business, 1940-85 / Sherron S. Watkins -- Wall Street Develops Collateralized Mortgage Obligations (CMOs) / Sherron S. Watkins -- 'Subprime 1.0' Temporarily Sobers the Market / Sherron S. Watkins -- Countrywide's Strategy in the 1990s / Sherron S. Watkins -- AmeriQuest Launches a Subprime 'Race to the Bottom' / Sherron S. Watkins -- Mozilo Reconsiders Countrywide's Subprime Strategy / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 4 Subprime Heading South at Bear Stearns Asset Management / Sherron S. Watkins -- Hedge Funds Develop on Wall Street / Sherron S. Watkins -- Bear Stearns Forms its Own Hedge Funds / Sherron S. Watkins -- Mortgage Market Trends and HGF Disclosure / Sherron S. Watkins -- Financial Control Issues at HGF / Sherron S. Watkins -- Cioffi and Tannin Respond to Growing Pressures / Sherron S. Watkins -- February 2007: ELF Performance Turns Negative / Sherron S. Watkins -- Matthew Tannin Considers His Response to Barclays Bank / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Part 2: Consequences for Gatekeepers and Firms / Sherron S. Watkins -- Case 5 Ratings Integrity vs. Revenues at Moody's Investors Services / Sherron S. Watkins -- RMBS/CDO Ratings: Kolchinsky Protests and is Transferred / Sherron S. Watkins -- Moody's Becomes a NRSRO / Sherron S. Watkins -- Moody's Culture Changes, and the Firm Goes Public / Sherron S. Watkins -- Subprime Mortgage Debt: The Ratings Methodology Challenge / Sherron S. Watkins -- The Subprime Market Begins to Unravel / Sherron S. Watkins -- Summer 2008-Moody's Prepares to Resume Ratings / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 6 Admission of Material Omission? Citigroup's SIVs and Subprime Exposure / Sherron S. Watkins -- Citibank's Subprime Product Flow and its SIVs / Sherron S. Watkins -- Citibank Structures and Launches Subprime SIVs / Sherron S. Watkins -- Citibank's SIVs Finesse the VIE Rules / Sherron S. Watkins -- Conditions Worsen in the Mortgage and RMBS/CDO Markets / Sherron S. Watkins -- Citibank Reports Second Quarter Results / Sherron S. Watkins -- Third Quarter Events Hammer Citi's Results / Sherron S. Watkins -- Considering Citi's 3Q Results and IR's Proposed Pre-Announcement / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 7 Facing Reputational Risk on Goldman's ABACUS 2007-AC1 / Sherron S. Watkins -- From Subprime RMBS to CDOs to SCDOs / Sherron S. Watkins -- Goldman's Trading and its Clients, 2006-07 / Sherron S. Watkins -- Fabrice Tourre Constructs ABACUS 2007-AC1 / Sherron S. Watkins -- Tourre Prepares for the MCC ABACUS Review / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 8 Time to Drop the Hammer on AIG's Controls? / Sherron S. Watkins -- Innovation and Controls on Wall Street / Sherron S. Watkins -- Management and Controls at AIG / Sherron S. Watkins -- Greenberg Takes a Fall for AIG's 'Cooked Books' / Sherron S. Watkins -- AIG-FP Confronts a Subprime Market Decline / Sherron S. Watkins -- FP Faces Collateral Calls on Subprime CDS / Sherron S. Watkins -- Ryan and PWC Approach a Decision / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Part 3: Financial Firms and Resisters / Sherron S. Watkins -- Case 9 Write to Rubin?-Pressure on Underwriting Standards at Citigroup / Sherron S. Watkins -- National City Bank Becomes a Giant Financial Conglomerate / Sherron S. Watkins -- Citi Demolishes Glass-Steagall / Sherron S. Watkins -- Organizational Challenges at Citigroup / Sherron S. Watkins -- Growth and Controls within Citigroup's Mortgage Operations / Sherron S. Watkins -- Bowen Considers His Next Step-Write to Rubin? / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 10 Lehman Brothers Repo 105 / Sherron S. Watkins -- Lehman Gets in Trouble / Sherron S. Watkins -- Repo 105 to the Rescue / Sherron S. Watkins -- Weighing Ethics, Career and Courses of Action / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- and Contents note continued: Notes / Sherron S. Watkins -- Essay 6 Wall Street and the Crisis-Causes, Contributions and Problems to Fix / Sherron S. Watkins -- Part 1: The Dodd-Frank Act: A Primer / Sherron S. Watkins -- Case 1 Morgan Stanley Seeks a Sustainable Business Model after the Financial Crisis / Sherron S. Watkins -- John Mack Returns, Big Trading Comes to Morgan Stanley / Sherron S. Watkins -- Mack Guides Morgan Stanley into and Through the Financial Crisis / Sherron S. Watkins -- Mack Analyzes the Financial Crisis and Revamps MS Compensation / Sherron S. Watkins -- Mack Weighs Strategic Alternatives for Morgan Stanley / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 2 Back to the Future on Goldman Sachs Reputational Risk / Sherron S. Watkins -- KMI Moves on El Paso / Sherron S. Watkins -- El Paso Reacts and Goldman Faces its Conflicts / Sherron S. Watkins -- The Business Standards Committee on Client Conflicts / Sherron S. Watkins -- Blankfein Considers Goldman's Options to Manage its El Paso-KMI Conflicts / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 3 Take Customer Cash to Survive? Compliance and Chaos at MF Global / Sherron S. Watkins -- Client Protections and Segregated Accounts / Sherron S. Watkins -- MF Global Courts an Illiquidity Crisis / Sherron S. Watkins -- Corzine 'Bets the House' on Euro Sovereign Debt / Sherron S. Watkins -- The Euro Sovereign Debt Crisis Hits / Sherron S. Watkins -- Markets Begin to Close in on MFGI / Sherron S. Watkins -- MFGI's Final Week and a Decision on Segregated Accounts / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 4 Fix the LIBOR Fix? / Sherron S. Watkins -- LIBOR, its Fix Procedures, and Growth as a Global Benchmark / Sherron S. Watkins -- LIBOR Fixing Flaws and Incentives to Manipulate / Sherron S. Watkins -- London Banks Begin to Manipulate LIBOR Fixings / Sherron S. Watkins -- The Bank of England Learns LIBOR is Being Manipulated / Sherron S. Watkins -- The Financial Crisis Hits Barclays and LIBOR / Sherron S. Watkins -- Tucker Considers His Messages for Barclays / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 5 Too Big to Know What's Going on at Banamex? / Sherron S. Watkins -- Oceanografia Defrauds Banamex / Sherron S. Watkins -- Managing the Global Financial Supermarket / Sherron S. Watkins -- Corbat Confronts the Banamex Scandal in a Post-Financial Crisis World / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 6 Take CitiMortgage to the Feds? / Sherron S. Watkins -- CitiMortgage Ignores FHA Procedures / Sherron S. Watkins -- Citi Fails to Fix its FHA Noncompliance Issues / Sherron S. Watkins -- Hunt Meets Her Attorney / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Case 7 Chipping Away at Dodd-Frank's Volcker Rule? / Sherron S. Watkins -- Proprietary Trading, Market-Making and the Volcker Rule / Sherron S. Watkins -- What Happened in the Market? / Sherron S. Watkins -- Considering an SEC Response / Sherron S. Watkins -- Author's Note / Sherron S. Watkins -- Notes / Sherron S. Watkins -- Essay 7 'And the Young Shall be Thrown Under the Bus'-Lessons in Resisting Unethical Conduct from Enron Through the Financial Crisis / Sherron S. Watkins -- Essay 8 Resisting Corporate Corruption, 2017-Improved Conditions, Unresolved Issues / Sherron S. Watkins -- Are the Reforms Enough? What Risks Remain Unaddressed? / Sherron S. Watkins -- Resisting Corporate Corruption-2016 / Sherron S. Watkins -- To Resist Corporate Corruption-One Thing Remains / Sherron S. Watkins.
- Subject(s)
- ISBN
- 1119323746 (ebk)
9781119323747
1119323347
1119323754
1119323673 - Audience Notes
- Specialized.
- Note
- Previous edition: 2013.
- Bibliography Note
- Includes bibliographical references and index.
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