Category: Enron

Kenneth Lay founded Enron in 1985 in the merger of InterNorth, Inc. and Houston Natural Gas Corporation. Enrod dominated natural gas markets and initially generated huge profits (Byar, 2022). However, increased competition in energy trading led the companys profits to shrink rapidly. Instead of seeking alternative actions to raise their revenues, the company executives began…

Among the many financial scandals that rocked the world before 2001, the worst was the Enron Disaster. U.S Company Enron, which began as a small Midwestern gas pipeline company in 1985, spiraled into the worlds biggest energy trader by May 2001. Its dramatic collapse began in July 2001 and ended with it filing for the…

Enron was the second largest company in US history to be declared bankrupt. Recently, the Congressional committees have analyzed the company in order to establish the cause of its fall. Although the cause has not been determined with precision, some of the vital elements that caused its downfall are clear. The Companys former CEO and…

Table of Contents Introduction The Case Preview Enrons Case Conclusion Introduction Enron Company got involved in several financial scandals between the years 2001 and 2002. The most interesting part of the scandal, however, was the persistent denial by the top managers of the company of their knowledge on the same. The managers vehemently denied knowledge…

Table of Contents Abstract Introduction Major Points: Enron as a Classic Disaster Solutions to the Enron Embarrassment Conclusion Reference List Abstract The Enron scandal has become a notorious case of the 21st-century entrepreneurship. Although the concept of a financial fraud itself cannot be considered something out of the ordinary, it was unexpected to witness a…

Abstract Statement of Purpose The goal of this research paper is to identify the problems in the organizational behavior (OB) standards accepted at Enron, as well as to locate the connection between the financial fraud that led to the companys untimely demise and the flaws in the companys OB standards, suggesting the alternative solutions that…

Table of Contents Introduction The Enron Case Internal Whistleblowing The Morality of Watkinss Actions Conclusion References Introduction Whistleblowing is conducted in accordance with Frankenas four basic requirements for ethics that include avoiding evil, preventing evil, eliminating evil, and doing good (Grace & Cohen, 2010). In that regard, whistleblowing is more about an individuals moral judgment…

Table of Contents Ethical Leadership Behavior Terminal and Instrumental Values Applicable Ethical Theory Different Cultures Perspective Sissela Boks Model Strategies for Accountability Conclusion References Ethical Leadership Behavior Enrons bankruptcy is considered to be one of the largest company bankruptcies ever: the companys CEOs, Kenneth Lay and Jeffrey Skilling were convicted of fraud and conspiracy, as…

Table of Contents Enron case study Truth and disclosure Fiduciary duties of the directors and managers Bribes and gifts The agent principle relationship Whistle blowers Conclusions and recommendations Reference A lot of discussions have been put forward concerning whether business corporations have a mandate for social responsibility or not. It is however agreeable that no…

ABSTRACT The administration and top executives at Enron were caught involved in unethical activities such as abusing their power by manipulating data, getting involved in inconsistent treatment with internal and external voters, proving unable to provide proper oversight over responsibilities and putting their own interests before that of their stakeholders. As a result, educators of…