Enron The Fallen Essay

1052 words - 5 pages

Enron the Fallen
Tiffany Califf
Professor: Karina Arzumanova
LEG100014VA016-1116-001Business Law I
July 24, 2011

Describe how Enron could have been structured differently to avoid such activities.
Enron’s leaders had the work ethic of only fighting for themselves and if others got hurt it was no big deal hurting. Enron had that it’s a dog-eat-dog thinking. This type of thinking would, in the end, be the demise of Enron. Enron focused on short-term gains. The accounting tactics of Enron were degraded by no small terms. Enron was full of demoralized people throughout several departments with growing their personal finances their ultimate goal. They projected many years of financial ...view middle of the document...

Enron could have done many other things that would have shown Enron cared about their ethical standards such as hiring auditors periodically to do an external audit of the accounting statements.
Discuss whether Enron’s officers acted within the scope of their authority.
Enron’s officers did not act within the scope of their authority. The actions of Enron were unethical and dishonest which allowed them profit over their members and stakeholders. Due to the actions of the officers they were no longer in the scope of their authority. Alliances were formed because people of the same level were in control. The employees were afraid to report the dishonest acts of their superiors in fear of causing more chaos. Management deliberately structured the affairs of Enron to create false financial statements of growth, misled their employees, investors and the general public of its financial affairs. The auditors of Enron accepted the financial structure that was enforced by its management. Enron’s directors and officers failed to adequately perform their duties in protecting the investments of its shareholders economically, legally and ethically. Enron gave its inexperienced managers too much authority which caused the company to fail poorly.
Describe the corporate culture at Enron.
It takes organizational and corporate culture working hand in hand to make a corporation work. Corporate culture determines which practices are appropriate and which are not. This develops standards, guidelines, and expectations for individuals within an organization. For years the Enron Corporation was spending big and even when the warnings about the shaky finances began to surface, no one at Enron saw any reason to change. The company had to be better and flashier in everything it did. On Secretaries’ Day, Enron celebrated with gifts of Waterford Crystal and the company set aside $1.5 million for a Christmas party. The company’s spending reflected a go-go corporate culture. Former employees said top executives cast traditional business controls out the window. Top officers, who insisted they were unaware of financial details and did not pay attention to conflicts, let executives sit on both sides of multimillion-dollar deals. Corporate culture cannot be...

Other assignments on Enron The Fallen

The Vc Shakeout Essay

2033 words - 9 pages and studied the latest data from principle VC industry analysts to understand why venture capital has fallen so far. How did the industry that made computers ubiquitous, July–August 2010 Harvard Business Review 21 IDEA WATCH What We’re Watching in... With Customers, Any Compliment Will Do... In a simple but striking experiment, students who were identified as would-be clothing shoppers received an overtly flattering flyer from a fictitious

Hospitals Paper

6014 words - 25 pages I hope to provide in this paper a comprehensive understanding for what the term “hospital” has become. Hospitals are an extremely complex system that man has created and shaped and reshaped throughout history. My goal in writing and researching this paper will be to provide those who read it a clear understanding on how the hospital system got to where it is today, and to shed some light on the many organizations that affiliate with and

Course Syllabus

2610 words - 11 pages diverse student population to reach their goals in their path of preference such as baccalaureate transfer, workforce development, adult or continuing education. Our dedicated faculty will guide our students in constructing the necessary elements that will help them succeed in their math classes, and also encourage and motivate them to participate in college wide activities. We are committed to preparing our students to be productive, contributing


1477 words - 6 pages Boeing Management Planning Heather Oetzel MGT 330 October 22, 2012 Joe Cheng Abstract Boeing is known as “the world’s leading aerospace company and the largest manufacturer of commercial jetliner and military aircraft combined ("The Boeing Company: About Us", 2012). Every company uses different types of management techniques including how the planning function of management is used. Planning allows organizations to develop how the

Assisted Suicide

1015 words - 5 pages Should physician-assisted suicide be legal? While I believe if one chooses to end his or own life through physician assistance for reasons that they chose, the choice should be up to the individual. Physician-assisted suicide should be at one's discretion. “Assisted Suicide, also called Voluntary Euthanasia, is currently a contentious issue in many countries. Because Euthanasia is legal in a few modern democracies: the Netherlands, Belgium

Tanglewood Case 1

797 words - 4 pages Tanglewood’s staffing strategy requires the organization to make key decisions about the acquisition, deployment, and retention of the organization’s workforce. In order to accomplish this, Tanglewood’s must make thirteen decisions regarding its staffing levels and its staffing quality. One of the first decisions that Tanglewood needs to choose is to acquire or develop talent. Tanglewood should try to develop their current talent because one


1391 words - 6 pages Есе по въпроса: Кои от всички „действащи” лица могат да се разглеждат като морално отговорни и в какво именно? по казуса Форд „Пинто” Корпоративните злодеяния са нанесли повече вреди на обществото от всички улични престъпления взети заедно. Според данни на ФБР сумата от уличните престъпления възлиза на $3.8 млрд. годишно, а загубите от корпоративните измами между $100 млрд. и $400 млрд. годишно

The Penis

1052 words - 5 pages The short story ”The Penis” is written by Hanif Kureishi. The short story is about a penis, which has been separated from its owner Doug, who we hear from later on. At first though we hear about a guy called Alfie who was “a cutter – a hairdresser – and had to get to work”. He is having breakfast with his wife, when she asks him what he did last night, and if he had a good time last night? Alfie can not remember what he did last night, he

Managed Care Paper

543 words - 3 pages Managed Care and Case Management Care Marvin Lloyd BSHS/402-Case Management 27 August 2012 Virgil Miller Managed Care are techniques employed to help reduce the cost for providing health benefits and a system for improving organizations quality of


439 words - 2 pages The life expectancy is lower; so people are not kept alive with drugs for decades in a virtual sleep state. There is less state education; so kids don't have it drilled into them that their only goal in life is to make money, at the cost of 'everything' else. The health care is less; so diseases, usually brought by Westerners, kill many more than they do in countries where drug companies can make a fortune from selling medicines that aren't

Chapter 6 International Business

7113 words - 29 pages CGGGG The Political Economy of International Trade Chapter Outline OPENING CASE: Why Are Global Food Prices Soaring? INTRODUCTION INSTRUMENTS OF TRADE POLICY Tariffs Subsides Country Focus: Subsidized Wheat Production in Japan Import Quotas and Voluntary Export Restraints Local Content Requirements Administrative Polices Antidumping Policies Management Focus: U.S. Magnesium

Similar Documents

Fall Of Aig Essay

3262 words - 14 pages fallen apart until he left, what he left was not much. Instead, he left a broken workplace. And of course he would! No one wanted to work for him. He was a terrible person (Cohan). This shows us the character of Greenberg. His ethics were not where they should have been and therefore it caused those around him to hate working for him. Managers’ demeanor helps bring in good employees. Because no one wanted to work for Greenberg, it was harder

Stock Exchange Essay

8645 words - 35 pages been considerable slippage in corporate governance on the part of some public companies. The dot-com bubbles in the early 2000s, and the subprime mortgage crisis in 2007-08, are classical examples of corporate mismanagement. Companies like Pets.com (2000), Enron corporation (2001), One.Tel (2001), Sunbeam (2001), Webvan (2001), Adelphia (2002), MCI WorldCom (2002), Parmlat (2003), American International Group (2008), Lehman Brothers (2008), and

Mgt216 Essay

714 words - 3 pages The first ethical issue presented in the ethics game simulation was whether to warn consumers about the contaminated product and what information to provide consumers about the contaminant. The second ethical issue was whether to sell a product that does not meet U.S. safety requirements in a foreign market that has lower safety restrictions. G-BioSport was not required to meet prior approval from the Federal Drug Administration before they

Economy Effect Of Marijuana Essay

277 words - 2 pages Modern American History by Alan Renga 2nd Mid Term! You will be given 3 Short Essay questions and 20 Multiple Choice questions deriving from this list! 80 points total! The 1920s Warren Harding then Calvin Coolidge Tea Pot Dome 1st Red Scare Immigration Restriction, Sacco and Vanzetti Langston Hughes, Marcus Garvey, KKK Prosperity, advertising Prohibition, Al Capone Flappers, Clara Bow, Rudolph Valentino Babe Ruth, Jack Dempsey