Enron Debacle

Satisfactory Essays
Enron scandal spiralled out of controlled by actions perpetuated by the indirect knowledge or direct actions of Lay, Jeffrey Skilling, Andrew Fastow, and other executives. Also, the inability for this action to be detected by gatekeepers, which includes Auditors, Credit rating companies, Financial Analysts, can also be attributed to their collapse. Also, the involvement of banks and the press who awarded numerous awards amongst which is most innovative company and described them a “new business model”. Further, Enron six million dollars contribution to Federal politician candidates and parties cannot be ignored in this scandal. Although no concrete prove can be attested to bribery, it is my opinion that politician had a
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