Solyndra Essay

In: Business and Management

Submitted By annettes22
Words 2219
Pages 9
RUNNING HEAD: SOLYNDRA AND BAD BUSINESS DECISIONS 1

Solyndra and Bad Business Decisions
Annette Frazer
American Public University

SOLYNDRA AND BAD BUSINESS DECISIONS 2

In 2005, President George Bush’s administration created a loan guarantee program to help fund and grow energy projects specifically. The program was overseen and decisions were made by the Department of Energy. The program was continued on during President Obama’s administration with very few changes. Under the Bush administration, Solyndra applied for and was denied financial assistance when they applied. Solyndra is a solar panel company that was issued more than $500 million in federally guaranteed loans during and by the Obama administration. (Report, 2015, p.1.)
According to many, Due Diligence was not exercised by the Department of Energy in investigating this company and their request for funding. During the investigation, the people who were involved in investigating and eventually backing the loan stated that there was “political pressure” from the Administration to push through the loan. (Howell, 2015, p.1) It is speculated that one of the reasons that the loan was pushed through was that many of the investors of the company were major political contributors to President Obama’s campaign fund. This is would be considered a conflict of interest and could cause undue pressure to the loan investigators. Solyndra, however, also lied to the many agencies involved. They were not truthful when they valued the contracts that they had for their product. Solyndra valued the contracts at around $2.2 Billion. This was a severe overstatement of their value. What was in fact the case was, the companies that Solyndra had contracts with were actually buying less panels than they promised and they were making under the table deals to pay lower
SOLYNDRA AND BAD BUSINESS DECISION…...

Similar Documents

Essay

...1 Overview of How to Write an Essay Writing essays is a major element of your education at the university level. Effective writing gives you the ability to express your ideas, theories, arguments, and projects clearly. The skills you acquire at the university level through writing essays will be aimed at practical business applications that you will be able to use in the workplace. The following information provides a succinct overview of the elements you need to know to begin writing an essay. It will help you on your writing journey. Types of Essays Narrative A narrative essay is a story told by a narrator. Generally, a narrative discusses the personal experience of the author (the first person point of view), but it can also be written about things that happen to others (third person point of view). A narrative typically involves characters, a setting, specific and vivid details, and a series of events that can include current incidents, flashbacks, or dialogue. Cause and Effect A cause and effect essay explores why events, actions, or conditions occur (cause) and examines the results of those events, actions, or conditions (effect). For example, a cause could be purchasing a new expensive home. The effect might be fewer family vacations, more time spent on upkeep, or less time with family because of extra work hours to pay for the home. Comparison and Contrast A comparison and contrast essay shows the relationship between two or more elements. The items can be compared...

Words: 6215 - Pages: 25

Essay

...An essay has been defined in a variety of ways. One definition is a "prose composition with a focused subject of discussion" or a "long, systematic discourse".[1] It is difficult to define the genre into which essays fall. Aldous Huxley, a leading essayist, gives guidance on the subject.[2] He notes that "the essay is a literary device for saying almost everything about almost anything", and adds that "by tradition, almost by definition, the essay is a short piece". Furthermore, Huxley argues that "essays belong to a literary species whose extreme variability can be studied most effectively within a three-poled frame of reference". These three poles (or worlds in which the essay may exist) are: The personal and the autobiographical: The essayists that feel most comfortable in this pole "write fragments of reflective autobiography and look at the world through the keyhole of anecdote and description". The objective, the factual, and the concrete-particular: The essayists that write from this pole "do not speak directly of themselves, but turn their attention outward to some literary or scientific or political theme. Their art consists on setting forth, passing judgement upon, and drawing general conclusions from the relevant data". The abstract-universal: In this pole "we find those essayists who do their work in the world of high abstractions", who are never personal and who seldom mention the particular facts of experience. Huxley adds that "the most richly satisfying......

Words: 442 - Pages: 2

Solyndra

...Solyndra Solar Company Jennifer Bradley BUSN311 Saundra McDavid August 13, 2013 Solyndra Solar Company Solyndra Solar Power Company was founded in 2004, in Silicon Valley. This company had made plans to build solar panels without the use of polysilicon. However, these panels were going to be more costly to make but cheaper when it comes to installation. In 2005, Solyndra was offered to apply for a program through to government under an Energy Policy Act of 2005. Solyndra was granted this loan in 2009, with a total grant amount of $535 million and they were the first to receive the loan since the program had debuted in 2005. Solyndra’s problems began right after receiving the $535 million grant as they were already struggling financially. In August 2009, about two years after receiving the government energy grant, Solyndra files for Chapter 11 bankruptcy. Solyndra “will only be paying back about $24 million of $535 million loaned by the U.S. Government.” ("Solyndra Bankruptcy: Solar Panel Company Won't Pay Back Most Of Its $527 Million Government Loan ", 2012).This would mean bad news for the investors. After Solyndra filed bankruptcy, it caused them to lay off all of their workers which created even further legal issues for the company. Solyndra had to file bankruptcy due to the fact, production was becoming too expensive for them and the solar panel prices were increasing drastically. As a result from this, Chinese manufacturers were able......

Words: 1865 - Pages: 8

Essay

...An essay has been defined in a variety of ways. One definition is a "prose composition with a focused subject of discussion" or a "long, systematic discourse".[1] It is difficult to define the genre into which essays fall. Aldous Huxley, a leading essayist, gives guidance on the subject.[2] He notes that "the essay is a literary device for saying almost everything about almost anything", and adds that "by tradition, almost by definition, the essay is a short piece". Furthermore, Huxley argues that "essays belong to a literary species whose extreme variability can be studied most effectively within a three-poled frame of reference". These three poles (or worlds in which the essay may exist) are: The personal and the autobiographical: The essayists that feel most comfortable in this pole "write fragments of reflective autobiography and look at the world through the keyhole of anecdote and description". The objective, the factual, and the concrete-particular: The essayists that write from this pole "do not speak directly of themselves, but turn their attention outward to some literary or scientific or political theme. Their art consists on setting forth, passing judgement upon, and drawing general conclusions from the relevant data". The abstract-universal: In this pole "we find those essayists who do their work in the world of high abstractions", who are never personal and who seldom mention the particular facts of experience. Huxley adds that "the most richly satisfying......

Words: 442 - Pages: 2

Solyndra

...likely that the credit is renewed beyond the sunset date, the temporary nature of various renewable energy policies invariably inhibits long-term investment planning by private sector businesses who are able to rely on the permanence of key oil and gas subsidies (Healey & Pfund, 2011). This analysis now turns to the role government policy can play in encouraging certainty and overcoming the risks associated with solar investment. IV. The Case for and Against Government Intervention The economic rationale for government subsidies of private industry is to spur investment in a public good that would not otherwise be produced or would not be produced at the optimal level for society. Specific to the loan guarantee program extended to Solyndra, the provision of public financing is argued to compensate for a dearth of private sector financing for solar energy research and development. By providing a government guarantee, risk adverse private financing may be encouraged to follow suit. However, those conclusions are not without disagreement. It can be argued that public sector investment in research and development can crowd out private sector financing that would otherwise materialize. The direction of funds through a government bureaucracy can be slow, and perhaps leaves venture capital decisions to bureaucrats ill-suited to differentiate between potential winners and losers. Moreover, loan guarantees may not be the most efficient government subsidy for the solar industry.......

Words: 2457 - Pages: 10

Solyndra

...by Dr. Chris Granet, in the Fremont District of California, Solyndra is a company that deals in Solar Energy. Involved in the manufacturing process of Tubular Solar Panels, it’s an unrivalled player in this business. The company also offers a variety of other Solar Product options, as it’s been in the books of most solar manufacturing companies to use Flat panels which are traditional to Solyndra’s PV Solar System. Contrary to the Standardized solar panels as used in Ballast, the Solar Products manufactured by Solyndra are not entitled to be Standard specific. (David 2008). The manufacture and exercise of solar panel have a true ethical implication. There are issues wherein the admission to solar panel and the economic development has led to the distribution of resources that has affected the environment and also due to the usage of exhaustible resources with the purpose of certain kind of ethical values. As the Solyndra’s problem gradually started since 31st August 2011 onwards as the filling of legal plaintiff in the bankruptcy case (chapter 11). It had to receive the payment of more than half a billion which was basically a loan funding from the energy department of US after 2 years, $25.1 million dollars were also added which was generally tax exempt from the California’s Alternative Energy & Advance Transportation Authority (CAEATA), they were also given the permission to provide a helping hand to the Solyndra finance in the process of manufacturing of solar panel......

Words: 1460 - Pages: 6

An Essay on Essays

...Essays are generally scholarly pieces of writing written from an author's personal point of view, but the definition is vague, overlapping with those of an article, a pamphlet and a short story. Essays can consist of a number of elements, including: literary criticism, political manifestos, learned arguments, observations of daily life, recollections, and reflections of the author. Almost all modern essays are written in prose, but works in verse have been dubbed essays (e.g. Alexander Pope's An Essay on Criticism and An Essay on Man). While brevity usually defines an essay, voluminous works like John Locke's An Essay Concerning Human Understanding and Thomas Malthus's An Essay on the Principle of Population are counterexamples. In some countries (e.g., the United States and Canada), essays have become a major part of formal education. Secondary students are taught structured essay formats to improve their writing skills, and admission essays are often used by universities in selecting applicants and, in the humanities and social sciences, as a way of assessing the performance of students during final exams. The concept of an "essay" has been extended to other mediums beyond writing. A film essay is a movie that often incorporates documentary film making styles and which focuses more on the evolution of a theme or an idea. A photographic essay is an attempt to cover a topic with a linked series of photographs; it may or may not have an accompanying text or......

Words: 900 - Pages: 4

Essay

...Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay Essay ......

Words: 608 - Pages: 3

Solyndra

...& Society MANA 4352.02 January 29, 2014 Topic: Solyndra Solyndra Scandal Solyndra designed, manufactured, and sold solar rooftop photovoltaic panels to commercial businesses, with the promise of “setting the new standard” for solar panels. Solyndra, formed in 2005, was an up and coming company who was on the verge of changing the way commercial businesses consumed energy. The system didn’t require any tools, and thus, would be four times faster to set up than any other panel. The issue with Solyndra from the start was that they didn’t have a steady fund. After financiers made several estimates, they came to the realization that Solyndra would be moneyless in a couple of years. In 2006, Solyndra applied for a government guaranteed loan, and just a couple of weeks before the company almost went bankrupt in 2009, Obama disregarded all red flags of this company’s viability and gave them $535 million in federal loan guarantees. Records, countless e-mails and advice given to President Obama by government staffers didn’t matter, because there had been signs of corruption all along the way. In July 2009, Solyndra founder, George Kaiser, gave a grant to a foundation close to Michelle Obama, who held a leadership post. The fact that the “Urban Health Initiative” foundation received $10,000 the same year Solyndra received their loan, adds to the pattern of possible connections between the Obama administration and the solyndra scandal. That same year, Steven Chu,......

Words: 458 - Pages: 2

An Essay on Essays

...Essay essay essay essay essay essay essay. Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay essay Essay essay essay essay essay essay......

Words: 280 - Pages: 2

Solyndra

...Solyndra: Its technology and why it failed Don Scansen, IP Research Group- November 22, 2011 inShare0 Save Follow Save to My Library Follow Comments Follow Author PRINTEMAIL Solyndra was a darling of clean tech but filed for bankruptcy. Department of Energy loan guarantees of $535M sparked an investigation. No wrongdoing has yet been uncovered despite a huge waste of government money. Lower production costs in China have been singled out as the critical factor in Solyndra's demise. Will this story become a parable for America's waning competitiveness? With its clever combination of solar and cylinder, the "O" with rays striking it, and the tag line, "The new shape of solar," marketing for Solyndra's unique tubular module design was at the top of the class. It is reminiscent of making oats cereal in small toroids, the shape of the letter O. We need to determine if there was more to Solyndra than just good public relations. Figure 1: Solyndra's elegant design is evident in this 200 series panel with well-spaced cylindrical modules and simple mounting system. Tubular module design The design for Solyndra panels was based on a series of tubular modules mounted parallel to each other inside a frame. The generously spaced tube structure allowed airflow through the panel thereby reducing wind loading. Where large-area flat panels might fly off a roof in strong winds, Solyndra claimed its panels could withstand 130-mph winds without specialized mounting. With......

Words: 2136 - Pages: 9

Solyndra

...Solyndra; The Problems, Legalities, & Ethical Frameworks Background Solyndra was a Fremont, California based manufacturer of cylindrical solar panels, founded in 2005. The solar panels that Solyndra manufactured could be used on top of flat rooftops, such as Target©, without needing additional land to set up the panels. (Grabell, 2012) Prior to any political and legal issues, Solyndra was well known globally and had hundreds of solar assemblies around the world. Solyndra had over $1 billion in private investments and over $2 billion in backlogged orders. (Grabell, 2012) Now, we fast forward to the American Recovery Act and Reinvestment Act of 2009, where Solyndra was granted a $535 million loan guarantee from the Department of Energy (DOE), to build a 300,000 square-foot factory near the existing manufacturing site, in an effort by the Obama Administration to go “green”, and create 1,000 jobs. The American Recovery and Reinvestment Act of 2009 (ARRA), is also known as the Stimulus Act. It was intended to save and create jobs and provide relief to programs like education, health, and renewable energy. Solyndra defaulted on the loan from the stimulus and eventually filed Chapter 11, Bankruptcy. After the Solyndra debacle, efforts to promote going “green” were considered scandalous. (Markham, 2013) Legal Troubles and Applicable Laws Many businesses and countries were all attempting the green efforts during the 2009 time period and China, specifically, was blamed for......

Words: 1988 - Pages: 8

Essay

...Essays are generally scholarly pieces of writing giving the author's own argument, but the definition is vague, overlapping with those of an article, a pamphlet and a short story. Essays can consist of a number of elements, including: literary criticism, political manifestos, learned arguments, observations of daily life, recollections, and reflections of the author. Almost all modern essays are written in prose, but works in verse have been dubbed essays (e.g. Alexander Pope's An Essay on Criticism and An Essay on Man). While brevity usually defines an essay, voluminous works like John Locke's An Essay Concerning Human Understanding and Thomas Malthus's An Essay on the Principle of Population are counterexamples. In some countries (e.g., the United States and Canada), essays have become a major part of formal education. Secondary students are taught structured essay formats to improve their writing skills, and admission essays are often used by universities in selecting applicants and, in the humanities and social sciences, as a way of assessing the performance of students during final exams. The concept of an "essay" has been extended to other mediums beyond writing. A film essay is a movie that often incorporates documentary film making styles and which focuses more on the evolution of a theme or an idea. A photographic essay is an attempt to cover a topic with a linked series of photographs; it may or may not have an accompanying text or captions. Contents ......

Words: 792 - Pages: 4

Essay

...encyclopedia For other uses, see Essay (disambiguation). For a description of essays as used by Wikipedia editors, see Wikipedia:Essays. "Essai" redirects here. For other uses, see Essai (disambiguation). Essays of Michel de Montaigne Essays are generally scholarly pieces of writing giving the author's own argument, but the definition is vague, overlapping with those of an article, a pamphlet and a short story. Essays can consist of a number of elements, including: literary criticism, political manifestos, learned arguments, observations of daily life, recollections, and reflections of the author. Almost all modern essays are written in prose, but works in verse have been dubbed essays (e.g. Alexander Pope's An Essay on Criticism and An Essay on Man). While brevity usually defines an essay, voluminous works like John Locke's An Essay Concerning Human Understanding and Thomas Malthus's An Essay on the Principle of Population are counterexamples. In some countries (e.g., the United States and Canada), essays have become a major part of formal education. Secondary students are taught structured essay formats to improve their writing skills; admission essays are often used by universities in selecting applicants, and in the humanities and social sciences essays are often used as a way of assessing the performance of students during final exams. The concept of an "essay" has been extended to other mediums beyond writing. A film essay is a movie which often......

Words: 280 - Pages: 2

Essay

...other uses, see Essay (disambiguation) and Essays (disambiguation). John Locke's 1690 An Essay Concerning Human Understanding. An essay is a piece of writing which is often written from an author's personal point of view. Essays can consist of a number of elements, including: literary criticism, political manifestos, learned arguments, observations of daily life, recollections, and reflections of the author. The definition of an essay is vague, overlapping with those of an article and a short story. Almost all modern essays are written in prose, but works in verse have been dubbed essays (e.g. Alexander Pope's An Essay on Criticism and An Essay on Man). While brevity usually defines an essay, voluminous works like John Locke's An Essay Concerning Human Understanding and Thomas Malthus's An Essay on the Principle of Population are counterexamples. In some countries (e.g., the United States and Canada), essays have become a major part of formal education. Secondary students are taught structured essay formats to improve their writing skills, and admission essays are often used by universities in selecting applicants and, in the humanities and social sciences, as a way of assessing the performance of students during final exams. The concept of an "essay" has been extended to other mediums beyond writing. A film essay is a movie that often incorporates documentary film making styles and which focuses more on the evolution of a theme or an idea. A photographic essay is an......

Words: 797 - Pages: 4