Resisting Corporate Corruption

Stephen V. Arbogast is Professor of Practice of Finance and Director of the Energy Center at the Kenan-Flagler Business School, University of North Carolina at Chapel Hill. At the Energy Center, he leads industry conferences and research on the Energy Transition. From 2004-2014 Arbogast was Executive Professor of Finance at the University of Houston. From 1972-2004, he worked for ExxonMobil Corporation in various finance positions, serving overseas in Brazil and Thailand, and culminating as Treasurer of ExxonMobil Chemical Company. Professor Arbogast has authored over eighty case studies and published articles on the Energy Transition, project finance, advanced biofuels, and the disconnect between economics and Catholic Social Doctrine. Since 2010 he has been a member of the Technical Review Panel of the National Renewable Energy Laboratory.

• Preface ForewordIntroduction to the 4th EditionNote to Faculty: How to Use this BookAcknowledgementsThe Enron Cases Part 1 Demolishing Financial Control, Neutering the GatekeepersChapter 1 Enron Oil Trading: Untimely Problems in ValhallaChapter 2 Enter Mark-to-Market: Exit Accounting Integrity?Chapter 3 Part 2 Business Struggles, Accounting Manipulations; Enron's SPEs: A Vehicle too Far?Chapter 4 Court Date Coming in California?Chapter 5 Part 3 Resisting Corruption at Enron; New Counsel for Andy FastowChapter 6 Lay Back … and Say What?Chapter 7 Whistleblowing Before Imploding in Accounting ScandalsThe Financial Crisis Cases Part 1 New Business Models Undermine Standards and ControlsChapter 8 Seeking a Sustainable Business Model at Goldman SachsChapter 9 He's Madoff with the Money – Stop Him Now?Chapter 10 Should Countrywide Join the Subprime ‘Race to the Bottom’?Chapter 11 Subprime Heading South at Bear Stearns Asset ManagementChapter 12 Part 2 Consequences for Gatekeepers and Firms; Ratings Integrity vs. Revenues at Moody's Investors ServicesChapter 13 Admission of Material Omission? Citigroup's SIVs and Subprime ExposureChapter 14 Facing Reputational Risk on Goldman's ABACUS 2007-AC1Chapter 15 Time to Drop the Hammer on AIG's Controls?Chapter 16 Part 3 Financial Firms and Resisters; Write to Rubin? – Pressure on Underwriting Standards at CitigroupChapter 17 Lehman Brothers Repo 105The Post-Crisis Cases – Reforms, Resistance, Continuing Realities Part 1 The Dodd-Frank Act: A PrimerChapter 18 Back to the Future on Goldman Sachs Reputational RiskChapter 19 Take Customer Cash to Survive? Compliance and Chaos at MF GlobalChapter 20 Too Big to Know What's Going on at Banamex?Chapter 21 Take CitiMortgage to the Feds?Chapter 22 Faking it on Diesel Emissions at VW (A)?Chapter 23 Faking it on Diesel Emissions at VW (A)?Chapter 24 Fake it Till You Make it at TESLA?Chapter 25 Fake it Till You Make it with Patient Blood at Theranos?Chapter 26 Fake it Till You Cash Out?' on Flexible Office Space at WeWork?Chapter 27 What to Do About Faking it at Nikola?Index