Enron's Business Ethics Failure

1485 Words Feb 16th, 2008 6 Pages
Content

1. Overview ............................................................................................3

2. The Fall of Enron ...............................................................................4

3. Enron's ethical dilemmas ..................................................................6

4. Conslucions .......................................................................................7

5. Bibliography ......................................................................................8

1. Overview

The goal of this report is to analyze business ethics in the context of the Enron scandal.
Enron scandal became a classical example of how a major disregard for ethics and law occurred. It
…show more content…
This was caused when an investigation in Enron discovered that the auditing and accounting fraud was so large that it was impossible that the Arthur Anderson company could have been unaware of it. Arthur Andersen definitely acted unethically by hiding documents and information from the public.

The consequences were brutal for Arthur Anderson and for Enron, but they were even more brutal for the employees that had lost their jobs and everything that they had. They were the people that were hurt the most by the unfair and dishonest practices that Enron and Arthur Anderson engaged in.

Greed is one of the reasons why Enron executives failed in telling the truth. Most large companies are under great pressure to perform, they are worried about profits, and they are worried about what will happen to their stocks if they will be unable to meet the expectations of them. Even though these arguments help to understand why companies sometimes use improper moral judgment, it still does not excuse their incorrect decisions or unethical actions.

Business ethics is becoming an increasingly important and significant part of successful business negotiations in the global business market. Even though, Enron's officials failed in recognizing the importance of business ethics, more and more modern organizations have not. Currently, a lot of organizations are recognizing and emphasizing the importance of social

More about Enron's Business Ethics Failure

Open Document