Corporate Scandal : Enron Scandal

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Most corporate scandals are a result of employers and/or employees being so focused on the short-term financial gain that they are willing to jeopardize the reputation of themselves and their company. One of the most well-known cases of corporate scandal is Enron. However, numerous cases of scandal and fraud occur throughout the years and some have been even bigger than the Enron scandal such as the WorldCom scandal. On the evening of July 21, 2002, WorldCom (now known as MCI, Inc.) filed the largest bankruptcy in U.S. history to date. This bankruptcy was a result of the company’s top management misappropriating and improperly accounting for over $3.8 billion in expenses. Scandals such as this one are the result of someone or multiple people disregarding their ethical beliefs and practicing unethical behaviors. Ethics are a major concern in the business world because there are so many opportunities for people to make unethical decisions that will result in financial gains for themselves. In some cases, these unethical decisions not only affect that person(s) that make the decisions, they can affect the entire company as well as was the case with WorldCom. There are many factors that could lead a person to make unethical decisions but there are three that are the most common: the opportunity to make the unethical decision, the rationale that what they are doing is not wrong or it is for the greater good, and unethical decisions (big or small) are commonplace or overlooked

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