Enron Ethics And Law - 1828 Words

Enron – Ethics and Law Essay Mike Towle MBA 6070X Professor Louis Benedict October 17, 2014 TOWLE 2 The Enron Jeffrey Skilling and Ken Lay knew was one they kept to themselves and a few chosen colleagues. The rest of the world saw a global oil company on the cutting edge of its business and paving a path that other American firms could follow. In its trail, investors were getting rich, employees found reward and satisfaction, and the community it called home thought it to be a model citizen and stalwart of its corporate skyline. But the truth was that the Enron Skilling and Lay knew was a fragile combination of slippery investments, shoddy book keeping, disrespect for the law, a lack of personal integrity and accountability, false communications to the public, and poor ethical management. All this was concealed by a leadership culture that seemed to believe they were either too smart to get caught or too important to be questioned. Enron and its executives paved a path that took them from a small oil company to a global leader to bankruptcy court and now many of its former executiv es sit in federal prison cells 13 years after the company’s tumultuous downfall. The lessons of the self-inflicted largesse from Enron are many but the one that glares from its core is that honesty and integrity need to hold a firm place at the center of a company’s business philosophies or it may quickly find a rocky path to its own end. Enron’s Corporate Star ForShow MoreRelatedEthics in Accounting1196 Words   |  5 PagesEthics in Accounting By Pace University – New York Accounting for Decision Making, MBA 640 Fall 2011 Required Research Paper Page 1 of 11 Table of Contents Number Content Page Number 1 Introduction 3 2 Ethics in Accounting 4 3 Enron Scandal 6 4 Satyam Scandal 8 5 Conclusion 10 6 References 11 Page 2 of 11 Introduction †¢ What is â€Å"Ethics†? 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