Bigger than enron worksheet answers

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There are 7 questions about the movie.

Please try to make answers not too long but good and answering the required information at the same time.

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Bigger Than Enron
A Culture of Gamesmanship

1. In the video what did former SEC Chairman Arthur Levitt mean when he referred to a “Culture of Gamesmanship”? How does this relate to business ethics?

Arthur Anderson’s role in the Enron collapse culture
2. Who (or what) was “Arthur Andersen” and what role did he (it) play in the collapse of Enron?

3. In the video why did James Hooten (Chief of Arthur Andersen’s Worldwide Auditing) fear the consequences of the Financial Accounting Standard Board (FASB) ruling to ONLY require disclosure of the cost of stock options in the “small print footnotes” of corporate financial reports? How does this relate to business ethics?

Sunbeam… painting a picture of a business that didn’t exist
4. How did Sunbeam’s controversial CEO Al Dunlap earn the nickname “Chainsaw Al”?

5. What was the “secret” Al Dunlap was hiding about why Sunbeam’s stock price was increasing so quickly.

Enron’s power grows as Arthur Andersen leaders struggle to maintain their ethics.
6. What did Charles E. Bass do to try to maintain Arthur Andersen’s integrity in their relationship with Enron? What were the consequences of Mr. Bass’ efforts?

7. Ten months before Enron went “bust” ten Arthur Andersen partners debated whether or not to keep Enron as a client. What did they decide to do and why?