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In 1999, the early days of the Dot-com boom, Enron invested in a Broadband Internet start-up, Rhythms NetConnections.In a desire to hedge this substantial investment (they owned at one point 50% of Rhythms' stock) and several others, Fastow met with Kenneth Lay and Jeffrey Skilling on June 18 to discuss the establishment of an SPE called LJM Cayman L.P. (LJM1) that would perform specific ...
An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
[11] [12] [13] Liability for failing proper marking channels or videos as "made for kids" would fall onto the channel owners, with the FTC being able to issue up to $42,530 fines per infringing video, though the FTC clarified that the amount would be based on "a company's financial condition and the impact a penalty could have on its ability to ...
Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman and political donor who was the founder, chief executive officer and chairman of Enron.He was heavily involved in Enron's accounting scandal that unraveled in 2001 into the largest bankruptcy ever to that date.
Much of the content is based on video game IPs popular with children, such as Minecraft, Among Us or Poppy Playtime, and is both marketed towards, and freely accessible to, children. And while YouTube Kids disallows inappropriate content and is intended to steer children away from the main app, the efficacy of that method has been called into ...
YouTube earlier this year wound down most of its originals division, in a significant pullback on its investment in scripted and unscripted programming. But it’s not totally out of the game ...
Former YouTube CEO Susan Wojcicki’s son, Marco Troper, has died. He was 19. University of California, Berkeley spokesperson Janet Gilmore told NBC News that on Feb. 13, a student living at a ...
Based on the first-person book by Brian Cruver, Anatomy of Greed, The Crooked E television movie chronicles the rise and fall of the Houston-based Enron Corporation. The film offers the perspective of Cruver, played by Christian Kane, depicted as a brilliant but naïve young salesman who was seduced by the company's "get rich quick" mantra.