Enron’s Ethical Meltdown
Enron #1. Based on what you read in this chapter, summarize in one page or less how you would explain Enron’s ethical meltdown.
The first thought in this case is to define Ethics. A person with ethics is a person who has wholesome morals. It directly reflects your beliefs in your actions. The you use to decide what your conduct should be. (Dessler, 2011) The second thought in this case is to define morals. Morals are the right way of behaving or acting in different situations. Being able to determine right from wrong and choosing which is appropriate means having morals.
Enron was under the control of what was thought to have Upper Managers that were to have ethical and moral believes that followed the Corporate rules and regulations. These manager lacked to have the need to successful accounting transparency, which enabled the company’s managers to make their financials look much better than they actually were. Specific people made out with billions of dollars due to their unethical behavior. Money is power and can do major damage if the rules and belief systems are not upheld. Due to the unethical and morality decision employees lost their jobs as well as their pension funds. This also damaged the lives that were involved with Enron’s products as well.
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This all happened because of the unethical behavior and greed of those individuals involved in the meltdown. Even today there are greedy people out there that would do anything for money. They would not care if they had to lie, cheat, break the law, and ruin the lives of the people who stand in their way. But what can be done to stop them? As stated in the case by the executive director of the Ethics Officer Association, You can’t write enough laws to tell us what to do at all times every day of the week in every part of the
The first thought in this case is to define Ethics. A person with ethics is a person who has wholesome morals. It directly reflects your beliefs in your actions. The you use to decide what your conduct should be. (Dessler, 2011) The second thought in this case is to define morals. Morals are the right way of behaving or acting in different situations. Being able to determine right from wrong and choosing which is appropriate means having morals.
Enron was under the control of what was thought to have Upper Managers that were to have ethical and moral believes that followed the Corporate rules and regulations. These manager lacked to have the need to successful accounting transparency, which enabled the company’s managers to make their financials look much better than they actually were. Specific people made out with billions of dollars due to their unethical behavior. Money is power and can do major damage if the rules and belief systems are not upheld. Due to the unethical and morality decision employees lost their jobs as well as their pension funds. This also damaged the lives that were involved with Enron’s products as well.
Is this essay helpful? Upgrade your account to read more and access more than 600,000 just like it! get better grades who lost a significant amount of their money.
This all happened because of the unethical behavior and greed of those individuals involved in the meltdown. Even today there are greedy people out there that would do anything for money. They would not care if they had to lie, cheat, break the law, and ruin the lives of the people who stand in their way. But what can be done to stop them? As stated in the case by the executive director of the Ethics Officer Association, You can’t write enough laws to tell us what to do at all times every day of the week in every part of the