Extreme Mental and Financial Stress Research Paper

Extreme Mental and Financial Stress - Research Paper Example Attitude towards spending money also depends on the nature of a person. Romantic and beauty conscious people spend a large part of their money on dating, buying expensive cosmetics, and giving expensive gifts to their loved ones. Some people who are interested in the latest technologies spend their money on buying new laptops, the latest cameras, and other technological products. Some people also spend their money on charity and human welfare purposes. There are different people having a different attitude towards spending money. Some of the categories of people include people who think money is money, people who think money is everything, and Scrooge. Let us discuss all of these categories. There are some people who think that money is everything. They believe that they can buy everything with their money. Those people live a high standard of living and spend a lot of money in order to retain their status in society. Such people’s attitude is not towards saving money for futu re rather they focus on the present status of their lives. Those people, who think the money that money is everything, spend their money to fulfil various luxurious desires. Some of the desires of such people include buying a beautiful house, getting high standard education from the world’s top universities, buying latest cars, spending holidays in San Diego or Honolulu, and many other desires. Use of money has no limits rather it depends on the nature of the person who holds the money. It is also a common fact that the desires of a person increase with an increase in the resources and decrease with a decrease in the available resources. Attitude towards spending money also depends on the social status of the people.

Enron Research Paper Example | Topics and Well Written Essays - 5000 words

Enron - Research Paper Example The company regularly featured into the most innovative firms categories across America (McLean & Elkind, 2003).   The first investigations was of their complex and private networking with off-shore partners and then into their accounting practices. Enron bankruptcy is also known as largest audit failure in the history of America. The bankruptcy further led to the Arthur Andersen’s dissolution, which at that time were world’s fifth largest accountancy and audit partnerships. Before Enron bankrupted in the year 2001, its annual revenues increased from around 9 billion dollars in 1995 to more than 100 billion dollars in 2000. The audit after the investigation revealed that the company’s financial conditions were covered largely by systematic, institutionalized as well as creatively planned ethical and accounting fraud (Deli & Gillan, 2000). Thomas (2002a) examined the drop of the stock prices of the firm, which was less than 1 dollar per share by 2001 from 90 dollars per share, before the investigation. It was also found that Enron revised its annual financial statements over the past five years in order to cover its 586 million dollar losses. It was declared bankrupt on 2nd December, 2001 (Bartlett & Glin ­ska, 2001). The current research paper will analyze the event’s details included conflicts in interests, management as well as accounting fraud. The analyzing will consist of both corporation’s perception and individual’s perception. The broader perspective of the research paper is to examine the scandal from multiple perspectives. The background of the paper has provided a summary of the scandal and situation of the company before and after the scandal. The paper will throw light on the business model that was implemented by Enron and culture, legal and moral implications of the business model that impacted the company in its later stages. Special light on the transformational and trait leadership in