Essay on Enron - 975 Words

The fall of the colossal entity called Enron has forever changed the level of trust that the American public holds for large corporations. The wake of devastation caused by this and other recent corporate financial scandals has brought about a web of new reforms and regulations such as the Sarbanes-Oxley Act, which was signed into law on July 30th, 2002. We are forced to ask ourselves if it will happen again. This essay will examine the collapse of Enron and detail the main causes behind this embarrassing stain of American history. Whenever someone hears the word Enron today, they usually think of the transgressions committed by the top-level executives who successfully managed to destroy the companys reputation and achievements.†¦show more content†¦This would serve to guarantee the SPEs value [2]. The SPE, in exchange, would use the stock to hedge the value of various investments on Enrons balance reports [2]. Enron stock prices had been consistently on the rise and, counting on this trend to continue, the false assumption was made that they would never have to pay on any of the guarantees [2]. These complicated financial maneuvers generated huge sums of money for Enron. Several people were getting rich from these dealings, especially Mr. Fastow. They were given enormous amounts of compensation to continue promoting the use of the SPEs [2]. One example of these transactions took place in June of 2000. The SPE known as LJM2 purchased fiber-optic cable for $30 million in cash and $70 million in IOUs [3]. LJM2 sold part of the fiber to other companies for $40 million and paid Enron a 20 million dollar agency fee for helping to market the product [3]. LJM2 then sold the remaining fiber for $113 million to a company owned by Enron and used some of the money from that sale to pay off their remaining debt [3]. When it was all over, LJM2 was 2.4 million dollars richer, and Enrons credit risk had been reduced by $9 million [3]. Unfortunately for Enron and its investors, the money party was short lived. When Enrons stock values began to fall, the value of the SPEs fell with it, triggering the previous guarantees. This caused theShow MoreRelatedEnron Of Enron And Enron1209 Words   |  5 PagesEnron Cooperation, is a company that was based in Houston Texas and was an energy company. This company filed bankruptcy in 2001 leaving a lot of its employees that had no knowledge about what was going on jobless and the company investors losing a lot of money. This was one of biggest companies in the united states, it had a lot of assets all over the country and was operating on a lot of profit that nobody knew how and why. The movie, â€Å"Enron, The smartest guy in the room† shows that the companyRead MoreEnron : Enron And Enron1143 Words   |  5 PagesEnron was formed in July 1985 by the merger of InterNorth and Houston Natural Gas (Enron Fast Facts, 2015). Kenneth Lay became chief executive of Enron and he hired Jeffrey Skilling to look after the company’s energy trading operation (The rise and fall of Enron, 2006). Skilling’s plan was to be basically a gas bank where buys gas from suppliers for future years at previously agreed prices and sells the gas to its customers in advance to purchase at specified prices for future years. By doing thatRead MoreEnron Of Enron And Enron1387 Words   |  6 PagesEnron was formed in 1985 from the merger of two gas companies from Texas and Nebraska. Enron became the first company with all-American network of gas pipelines. In 1997 Enron bought power generating company Portland General Electric Corp. worth $ 2 billion. Before 1997 ended, the management turned the company into Enron Capital Trade Resources which became the largest American companies that trade in natural gas and electricity. Revenue increased dramatically from $ 2 billion to $ 7 billionRead MoreEnron And Enron Of Enron1781 Words   |  8 Pagesâ€Å"During the Enron debacle, it was workers who took the pounding, not bankers. Not only di d Enron employees lose their jobs, many lost their retirement savings. That s because they were at the bottom of the investing food chain.† In July of 1985, Houston Natural Gas merged with InterNorth, to create Enron, and Kenneth Lay became CEO the following year. In 1989, Enron began trading natural gas commodities. In 1997, Andrew Fastow devised the first steps to hide debts and inflate profits and one yearRead MoreEnron : Enron And Enron Scandal Essay1269 Words   |  6 PagesEnron was one of the largest energy, commodities, and services company in the world. It was founded in 1985 and based in Huston, Texas. Before its bankruptcy on December 2, 2001, there are more than 20,000 staff and with claimed revenues nearly $101 billion during 2000. Enron was the rank 16 of Fortune 500 in 2000. In 2001 it revealed that Enron’s financial report was planned accounting fraud, known since as the Enron scandal. In the Enron scandal, Enron used fraudulent accounting practices to coverRead MoreThe, Enron, And Enron1844 Words   |  8 PagesThe complete destruction of companies including Arthur Andersen, HealthSouth, and Enron, revealed a significant weakness in the United States audit system. The significant weakness is the failure to deliver true independence between the auditors and their clients. In each of these companies there was deviation from professional rules of conduct resulting from the pressures of clients placed upon their auditors (Goldman, and Barlev 857-859). Over the years, client and auditor relationships were intertwinedRead MoreEnron : The Collapse Of Enron1644 Words   |  7 PagesEnron was once one of the world s leading energy companies by reshaping the way natural gas and electricity were bought and sold. They filed the largest corporate bankruptcy in American history in 2001. Enron Corporation was an energy company running out of Texas that was started when two companies, Houston Natural Gas and InterNorth, merged together in 19 85. By 1992, Enron became the largest seller of natural gas in North America and began to offer other services like wholesaler trading and riskRead MoreThe Enron Scandal Of Enron Essay1458 Words   |  6 Pagesevent that took place in our economy was the Enron Scandal, which happened in late 2000 and lasted into the following year. Those who were involved in this incident directly such as CEO’s Ken Lay and Jeff Skilling thought what they were doing was not wrong and that they were able to get away with making millions falsely (Seabury, 2008). However, this was a serious crisis situation and many people were affected through the process as well as their money. Enron was valuing themselves at a higher priceRead MoreEnron : The Demise Of Enron1740 Words   |  7 PagesEnron was a corporation that reached heights unknown, only to watch it fall apart from the inside out based on a foundation of falsehoods and cheating. Enron established a business culture that flourished on comp etition and was perceived in society as an arrogant corporation, mainly because of its corporate leadership. The fairytale of Enron actually ended as a nightmare with it destroyed by one of America’s largest bankruptcies in history. The demise of Enron impacted the livelihood and futuresRead MoreEnron And The Enron Scandal1588 Words   |  7 PagesEnron was a corporation located in Houston, Texas and in just fifteen years the US energy trading and utilities company grew to become one of America’s largest and more successful cooperation’s. Enron suffered a major fall. After being one of the most successful corporations Enron became the biggest company to file bankruptcy in history. In this research paper it will discuss about the history of Enron, the fraud committed and who is to blame. The historical development of white collar crime in the

Terrorism Is A Budding Problem - 1395 Words

Terrorism is a budding problem in the present world. It has been a big issue since the events of 9/11. There are numerous terrorist organizations in the world today. Three of these organization are responsible for most of the terrorist attack today. These organizations are Al Qaeda, Taliban and ISIS. These organization orchestrate most of the attacks that happen today. According to New York Times, the numerous attacks that happened in Paris, that killed 130 people, Egypt, that killed 224 people and the Orlando night club shooting was orchestrated by ISIS. In this new information age and with the technology of internet, the terrorist have found a very easy way to launch attacks. The internet is a relatively new technology. It has come to become a very important part of our lives, especially in the United States of America. With the help of internet, people can talk from one side of the globe to the other instantly. It not just talking, people can send information in the form of codes of pictures or virtually anything to anywhere in the world in an instant.. This has become the most significant tool in globalization. The easy access and easy communication that the internet has brought upon us can also be defined as globalization. The internet has been the biggest factor in modern terrorism. Because of such easy access to communication facilities the terrorist organizations are flourishing. The internet is a huge pool of information that can be accessed by anyone TerroristShow MoreRelatedWhy The Youth Join Terrorist Groups Like Isis1307 Words   |  6 PagesProphet’ by the means of the so called ‘justifiable violence’ or ‘Jihad’. I am adopting the persona of an imaginary Muslim blog writer who generally writes on sports section for budding cricketers and is considered the Voice of English Cricket but has chosen to write on the sensitive global issue of ‘Youth and Terrorism’ after watching some videos of terror groups like ISIS, with a group of children bombing some parts of Iraq and Syria in the name of military training. I adopted this to convey myRead MoreU.s. Intelligence Community ( Ic )1266 Words   |  6 Pagessnazzy retailers like Cartier, Gucci, Tiffany Co and Louis Vuitton, Westin hotels, tasty restaurants and even an ice-skating rink under the tall glass atriums. †¢ Via Bellagio, Las Vegas, NV: If Lady Luck is on your side in Vegas, you’ll have no problems unloading some of your winnings at Via Bellagio, the finest hotel shopping in the country. Top designers on this tony stretch of shops include Yves Saint Laurent, Prada, Fendi and Fred Leighton. †¢ The Grove, Los Angeles, CA: Infuse your shoppingRead MoreWhy Should Study Abroad?910 Words   |  4 Pageswas born in a small town in Ohio, moved to Los Angeles for his higher studies and graduated in California state university, long beach, where he learnt about his interests into movies. Another general benefit of studying abroad is problems of global warming, terrorism, population and various other alarming issues can be discussed upon a larger scale to form various reforms against them. Students from their own countries have facts and figures of their homelands and they could be rectified from theRead MoreThe United States And The Iranian Revolution1705 Words   |  7 PagesInvestigative Agency Policies developed a plan. From this plan came a special task force, which was given the task of identifying problems with the system and a way of proceeding. The task force identified problems in the tracking and the monitoring of students by schools, problems in the certification of schools by the Immigration and Naturalization Service (INS), and problems with INS receiving and maintaining up-to-date records from schools . What was the response to this? SEVIS In December of 2002Read MorePost Liberal Era Essay1559 Words   |  7 Pagesessentials† and that â€Å"that the non-needy should bear a fair portion of the burden of economic recovery.† The fact that unessential items were held over necessary items for the health of children is cold-hearted. Another huge, relevant problem that began budding under the presidency of Ronald Reagan was mass incarceration. Incarceration rates rose quickly during his term but skyrocketed when President Bill Clinton passed the â€Å"Crime Bill† according to the sources. The post-war period revealed hugeRead MoreEffect of Terrorism on Pakistan Economy5798 Words   |  24 PagesECONOMIC COST OF TERRORISM: A CASE STUDY OF PAKISTAN Arshad Ali * The world is currently confronting terrorism in different manifestations. After the 9/11 terrorist events, the phenomenon of terrorism has abruptly changed the socioeconomic and geopolitical situation of the world. Terrorist groups have linkages with each other and are utilising each other‟s areas for recruitment and training, exchanging illegal weapons, engaging in joint planning and ventures, and also providing administrative andRead MoreA Summary On Action And Comparison Analysis2431 Words   |  10 Pagesdisputes. The â€Å"Manifest Destiny† mindset of the United States was driving expansionists to annex more and more Mexican land. Once Mexico received its independence and recognition as a real nation, this became a problem; obviously, there was technically Mexican land being pulled apart by two budding nations. Thus, the Mexican War began. Both countries poured tons of money and troops into fighting for the land they believed was rightfully theirs, and eventually, ended with a treaty (â€Å"US-Mexican War†). ThisRead MoreThe Relation Between Warfare And Mankind2110 Words   |  9 Pagesthe hands of rogue states and terrorist groups whilst considering all potential threats there are issues arise with the security of the people. With the rapid advances in the field of biological sciences mainly in the field of genomics there is a budding ability to manipulate the genes, thereby yielding tragic loss of life [6]. Besides the diseases that occur naturally the genetically engineered agents derived from biowarfare and bioterrorism have emerged from the backyards and lie in the frontiersRead MoreThe Political Landscape Of South Eastern Asia3561 Words   |  15 Pagesand the Korean Peninsula dispute, are really leftover cleavages by greater powers that occupied/supported the respective regions. Hence like all leftover problems of the ages past, it is complicated by nature. However as all actors seek to win the favor of great powers once more, the regional power, China is facing a complicated problem, the problem of having to supporting an ungrateful ally and supporting an ally that won’t win, all involved in conflicts that can’t be solved in the foreseeable futureRead MoreGp Essay Mainpoints24643 Words   |  99 Pages(ESSAY) Content Page 1. Media a. New vs. Traditional b. New: narcissistic? c. Government Censorship d. Profit-driven Media e. Advertising f. Private life of public figures g. Celebrity as a role model h. Blame media for our problems i. Power + Responsibility of Media j. Media ethics k. New Media and Democracy 2. Science/Tech a. Science and Ethics b. Government and scientist role in science c. Rely too much on technology? d. Nuclear technology e. Genetic

Starbucks Hr Management Free Essays

Strategic Human Resources Management The emergence of strategic human resources management is rooted in manpower planning but it is the work of affirming the importance of managing people effectively as well as pursuing towards more flexible and innovative in order to be able to deliver services in constantly changing environment. Most of the literature review suggested that the advantage of valuable knowledge, unique set of skills and decision making capabilities can results in firm’s competitive advantage and value creation as well (Rochling et all, 2005). Therefore, an appropriate Human Resources practices can develops organizational capabilities such as empowerment, selective hiring, extensive training, performance evaluation, team based work and performance based pay work. We will write a custom essay sample on Starbucks Hr Management or any similar topic only for you Order Now Based on these six practices, the initial impact is on what employees have and feel. Selective hiring and extensive training are all aimed at building certain skills that enabling employees to effectively perform their jobs. In the addition on these practices along with rewards, performance evaluation, empowerment and team based work will create employee’s perceptions on the company’s fairness and desirability and then, will influence their commitment, motivation and motivation where it will directly affect on the firm’s performance. However, although these six practices being analyzed individually, they are not necessarily being practiced individually. This means that some of these can be combined together in order to get better results such as the combination of empowerment, team based work and rewards. This can be proved from the Whole Food Market case. The unique human resource practices in Whole Food Market was well known and thought to be the main drivers of its growth and profitability in the industry of natural and organic food retailers. The work culture in Whole Food Market was centered on the firm’s grassroots, which are the frontline level of management which helped to eliminate bureaucracy. The firm empowered the existing team member to choose their own new recruits where they feel comfortable with in their team. Besides that, the firm also uses team based incentive (combination of team based work and reward) to improve cost saving as well as productivity. Each department within a store that runs by a team will be given a monthly payroll budget where the unspent payroll money at the end of the month will be divided among the team members. This method has successfully reduces unwanted costs and increases the firm’s performance financially. Extensive training has the potential side where training tends to develop more skillful expertise that eventually will boost up the employees confidents and motivation while performing their job. Whenever the firm did not provide sufficient training and development to the less skillful employees, this may lead to demoralization among the employees and then, reduces the productivity and firm’s performance. For example, Delta Airline, where the firm focuses more on cost reduction and did not put much effort on employee commitment. The firm has deducted training costs which considers as crucial expenses in the airline industry and causes lack of employee engagement in the firm. Consequently, Delta has dropped to the bottom of the industry in performance as compared to its competitors such as Southwest Airline. Every human resource practices costs money to develop and time to implement and these costs however, will go directly to the organization bottom line. For example, being selective in hiring may result in better employees but it will cost more in term of interviewing and testing. Providing more extensive training will increase their skills and potentially their attitudes but it will cause substantial amount of money spent to the firm. Thus, it is vital to implement a high performance human practices that increases productivity and at the same time do not let their costs surpass the benefits or that will bring no real gain for the firm. How to cite Starbucks Hr Management, Essay examples

The Events Leading Up to the Assassination of President Abraham Lincoln Essay Example

The Events Leading Up to the Assassination of President Abraham Lincoln Essay The events leading up to the Assassination of President Abraham Lincoln There are men who want to take my life. And I have no doubt they will do it. . . If it is to be done, it is impossible to prevent it. This quote can closely be related to Abraham Lincoln and his assassination. This shows that President Lincoln was committed to his beliefs and traditions. When Abraham Lincoln was assassinated, it was because his killer was an anti-abolitionist, and he did not agree with Lincoln’s ways. He was a strong and intellectual way and was often frowned upon for his thinking. He died for what he believed in and he did not want it any other way. Sixteenth President-Elected March of 1861. In his short presidency Abraham Lincoln guided our country through some tough crisis and is responsible for the abolition of slavery. Abraham Lincoln had perhaps the most strong beliefs and views of any of the presidents before him. It has been questioned whether or not Abraham Lincoln’s personal beliefs outweighed his political views. One major reason people were sketchy with electing Lincoln into office is because he was the first republican president. He won mostly because he had the entire backing of the north in the election. Even before he was inaugurated Lincoln knew that people wanted to take his life primarily due to his beliefs. This was perhaps the reason that people thought his personal views got in the way of him running the country. The Emancipation Proclamation is an executive order issued by President Lincoln during the American Civil War. It claimed that â€Å"all persons held as slaves within any State or designated part of a State the people whereof shall then be in rebellion against the United States shall be then, thenceforward, and forever free;† Slave owners were infuriated with Lincoln. We will write a custom essay sample on The Events Leading Up to the Assassination of President Abraham Lincoln specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Events Leading Up to the Assassination of President Abraham Lincoln specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Events Leading Up to the Assassination of President Abraham Lincoln specifically for you FOR ONLY $16.38 $13.9/page Hire Writer President Lincoln’s belief was that reducing slavery would economically expunge it. Then on September 22, 1862, Lincoln proclaimed the formal emancipation of all slaves in the Confederate States of America. Lincoln was up for re-election in 1864; he won by a landslide and had big plans in mind for the States. Lincoln wanted change, big change. Reconstruction is referred to as the period after the Civil War, when economy and social structures were rebuilt. Reconstruction began during the war as Lincoln and his associates pondered questions of how to bring everyone together. They were all reforming from the fall of the Confederacy. When Richmond finally gave in to Lincoln in 1865, white slave owners looked at Lincoln with a look of disgust. On the other hand, free men approached him as if he were a hero. Not long after this, Lincoln â€Å"redefined† what it meant to be a republican. Lincoln directed politics more towards the Declaration of Independence. He wanted people to focus more of the freedom aspect of the Declaration of Independence. After this he guaranteed a republican form of government. The entire time Lincoln was exploring the cause and effects of democracy. John Wilkes Booth was Lincoln’s assassin. There were a plethora of reasons Booth loathed President Lincoln. The Booth families were slave owners; therefore they were not supportive of Lincoln wanting to abolish slavery. Booth was not in favor of anything that The Lincoln had in mind for our Country. On the night that Booth killed President Lincoln he had several co-conspirators. They all met at a restaurant not far from Ford’s theatre to plan to abduct the President. Booth overheard that the President would be attending a matinee performance that afternoon on the outskirts of Washington. They figured that would be a perfect opportunity to kidnap the president. The plan did not work out in their favor and that is when plans changed. When none of his attempts were successful, he set a new plan, one not quite like the others, this one-an assassination. According to Booth’s former friend Louis Weichmann, Booth set out this plan after hearing Lincoln deliver a speech about Negro Suffrage. Abraham Lincoln’s death was a horrible situation. About ten days before his assassination he had a premonition of his death while he was sleeping. In his dream he heard strong sobs coming from somewhere in the White House. He was walking from room to room without seeing anyone. Eventually he came upon the East Room, and he entered. He saw a coffin with soldiers around it, acting as guards. He remembers asking â€Å"Who is dead in the White House? † and the soldier replied with â€Å"The President, he was killed by assassin! † He recalled a woman shrieking and then the next thing he knew, he was awake. This is one of the most investigated situations surrounding President Abraham Lincoln’s assassination because no one understands how such a thing could have happened. On April 14th, 1865 the President and the First Lady decided to go to a showing of Our American Cousin, at Ford’s Theatre. A policeman was positioned outside of the balcony door that evening. It is said that he left the theatre during intermission and went to the saloon next door for a drink, leaving Lincoln exposed. Just then, at 10:15 p. m. , Booth slipped into the box and shot President Lincoln in the back of the head, point blank. He then jumped the ten feet to the stage below and broke his left fibula and shouted â€Å"Sic semper tyrannis! †, meaning thus always to tyrants. He ran as best as he could to the back door of the theatre to an awaiting horse in the back alley. Back at the theatre Dr. Charles Augustus Leale and Dr. Charles Sabin Taft were at Lincoln’s side in an instant. They removed a blood clot from Lincoln’s wound but Leale knew it would change nothing: His wound is mortal. It is impossible for him to recover. Lincoln was carried to the Peterson Boarding house across the street and ironically enough laid in the bed that was earlier occupied by his murderer. At 7:22 the next morning, President Lincoln was pronounced dead. Abraham significantly changed the path of America in his time. Throughout his presidency he accomplished many things. If only he were able to serve his full term as president we could have seen all that he had to offer. Many historians are still trying to make sense of the information that doesn’t seem to add up. The events leading up to his assassination were very significant in the motives of John Wilkes Booth, but some of the events from that evening are still to be determined. It was inevitable to please everyone with the goals that he had been reaching for. Lincoln knew that he was hated by certain people and that his ambitions would someday lead to his eventual death. He died fighting for the right of others to live.

Moral vs. Ethical

Moral vs. Ethical Moral vs. Ethical Moral vs. Ethical By Maeve Maddox A reader has asked for a discussion of the adjectives moral and ethical: I have been writing professionally for 40 years and I still cannot get these straight. There seems to be more than a casual or preferential distinction. One difference between the adjectives moral and ethical is that moral has been in the language longer. A similarity is that moral is a translation of the ancient Greek word ethikos from which the adjective ethical derives. Both words refer to human character and behavior. Moral entered English in the 14th century from Old French moral: â€Å"pertaining to character or temperament.† It derives from the noun moralis, from the Latin noun mos in its genitive form (moris): â€Å"one’s disposition.† The adjective ethical entered English in the 16th century with the meaning â€Å"pertaining to morality.† Note: The plural of mos gives us the word mores: â€Å"the shared habits, manners, and customs of a community or social group.† Greek philosopher Aristotle used ethikos as the title of a treatise on the branch of knowledge dealing with moral principles. Clearly, the two words, moral and ethical, are closely related in meaning. In the 14th century, moral meant â€Å"morally good, conforming to moral rules.† Moral stories taught moral behavior. Everything Chaucer’s Oxford student said was â€Å"filled with moral virtue.† The first definition of the adjective moral in the OED gives ethical as a synonym: moral (adjective): of or relating to human character or behavior considered as good or bad; of or relating to the distinction between right and wrong, or good and evil, in relation to the actions, desires, or character of responsible human beings; ethical. Both words, moral and ethical, describe human behavior in reference to right and wrong. Modern usage assigns moral to behavior dictated by internal standards and ethical to behavior dictated by external standards. Sometimes the two types of behavior coincide. For example, taking a child away from abusive parents is both moral and ethical. Sending a child back to abusive parents for legal reasons is ethical, but not moral. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:Dialogue Dos and Don'tsThe Possessive Apostrophe6 Foreign Expressions You Should Know

Clyde Barrows Letter to Henry Ford

Clyde Barrow's Letter to Henry Ford Clyde Barrow and Bonnie Parker are infamous for their two-year crime spree from 1932 until their deaths in a hail of bullets in 1934. More amazing than his novice murders and robberies was Clydes uncanny ability to evade the police even when he was surrounded. Part of Clydes ability to evade capture was in his skill as a driver, while the other part was most definitely in the choices of cars that he stole. Quite often, Clyde would be in a car that could out maneuver and out run any of the police cars that attempted to follow him. Additionally, living a life on the run meant that Clyde and Bonnie spent days and even weeks at a time in their car while traveling long distances and sleeping in their car at night. Clyde Barrow and the Ford V-8 The car that Clyde preferred, one that offered both speed and comfort, was the Ford V-8. Clyde was so thankful for these cars that he wrote Henry Ford a letter on April 10, 1934. The letter read: Tulsa, Okla10th AprilMr. Henry FordDetroit Mich.Dear Sir: While I still have got breath in my lungs I will tell you what a dandy car you make. I have drove Fords exclusively when I could get away with one. For sustained speed and freedom from trouble the Ford has got ever other car skinned and even if my business hasent been strickly legal it dont hurt anything to tell you what a fine car you got in the V8 Yours trulyClyde Champion Barrow Over the years, many have questioned the authenticity of Clydes letter to Henry Ford, based on a discrepancy over handwriting. The letter is currently on display at the Henry Ford Museum in Dearborn, Michigan.

Employers Duty of Care Essay Example | Topics and Well Written Essays - 1000 words

Employers Duty of Care - Essay Example However, Jake could seek the car owners’ permission to provide the basic checking services for extra charge that would provide revenue for the shop and would not necessarily cause unnecessary work slowdown for those car owners who opted not to avail of these extra services. In so doing, Jake would still be complying with the duties expected from his scope of employment and still adhere to the priorities set by Herman, his manager.2. Explain whether or not Herman is responsible for Jake’s injury.  As employer, Herman is responsible for Jake’s injury primarily since the injury was sustained while doing the responsibilities expected of him in the service department. According to U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA), â€Å"employers are responsible for providing a safe and healthful workplace† (OSHA Law and Regulations, n.d., p. 1). The injuries sustained by Jake form part of OSHA’s regulations that co ver autobody repair and refinishing where injuries that were identified include â€Å"being struck by an object, struck against an object, and caught in an object, equipment, or material† (Smith, 2007). In this regard, it is within the responsibility of Herman, as employer, to ensure that the workplace is safe and that employees, including Jake, are accorded with the appropriate medical attention for injuries sustained within the work setting and in complying with his identified responsibilities.... According to U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA), â€Å"employers are responsible for providing a safe and healthful workplace† (OSHA Law and Regulations, n.d., p. 1). The injuries sustained by Jake form part of OSHA’s regulations that cover autobody repair and refinishing where injuries that were identified include â€Å"being struck by an object, struck against an object, and caught in an object, equipment, or material† (Smith, 2007). In this regard, it is within the responsibility of Herman, as employer, to ensure that the workplace is safe and that employees, including Jake, are accorded with the appropriate medical attention for injuries sustained within the work setting and in complying with his identified responsibilities. Herman should duly comply with OSHA reportorial requirements, as needed. 3. Explain whether or not Jake should be paid the overtime. The payment of overtime is governed by the Fair Labor Standards Act (FLSA) issued by the U.S. Dept. of Labor. The law specified that â€Å"it requires employers to pay covered employees who are not otherwise exempt at least the federal minimum wage and overtime pay of one-and-one-half-times the regular rate of pay† (U.S. Department of Labor, n.d., par. 1). Jake’s responsibilities, despite the noted promotion to service manager, remained the same as a service personnel. In this regard, he should be paid the overtime. As disclosed in the law for exemptions in the availment of overtime pay, â€Å"to qualify for exemption, employees generally must meet certain tests regarding their job duties and be paid on a salary basis at not less than $455 per week. Job titles do