Personal Ethical Perspectives Of Usa Essay

My personal ethics have been formed through family influence, religious beliefs, life experiences, my internal reflection and the culture in which I was raised.

My personal code of ethics is Equality and Sensibility. I believe in a predictable system that assures the well-being of all, especially those without power, is a just system. As a wife, mother, nurse and a member of a community, I strive to do the best I can in every aspect of my life. As a mother, I strive to be a good role model to my children and teach them the fundamentals of life. I strive to be able to give a solid foundation and an easy path to life whether it be school, finding who they want to be as they grow older and for a productive future. As a nurse, I strive for equality of care for every patient and to be able to be their voice when they are not

Kenneth Lay, former Chairman and CEO, and Jeff Skilling who was also a CEO and COO of Enron, had the major part in Enron when it collapsed and went bankrupt. Because of deregulations Ken Lay enter Enron in 1985 through a merger a vast network of natural gas and pipeline. Later, Enron grew into an energy trading company which was worth $68 billion in 2000. Lays family was poor, which made him ambitious to earn wealth regardless of the path he takes, hence, unethical professionalism at Enron. Enron took advantage of his decision to let gas prices float on the market. Rich Kinde found out about Enron’s oil scandal in 1987 by the misappropriation of

The word “fraud” was magnified in the business world around the end of 2001 and the beginning of 2002. No one had seen anything like it. Enron, one of the country’s largest energy companies, went bankrupt and took down with it Arthur Andersen, one of the five largest audit and accounting firms in the world. Enron was followed by other accounting scandals such as WorldCom, Tyco, Freddie Mac, and HealthSouth, yet Enron will always be remembered as one of the worst corporate accounting scandals of all time. Enron’s collapse was brought upon by the greed of its corporate hierarchy and how it preyed upon its faithful stockholders and employees who invested so much of their time and money into the company. Enron seemed to portray that the goal of corporate America was to drive up stock prices and get to the peak of the financial mountain by any means necessary. The “Conspiracy of Fools” is a tale of power, crony capitalism, and company greed that lead Enron down the dark road of corporate America.

CEO Kenneth Lay was a very smart man who always thought ahead of the curve. In his search for new opportunities, he started thinking about the deregulation of energy markets, particularly the natural gas market. Then in 1985, Lay eventually founded Enron in Houston, Texas. This was the result of merging two relatively small regional natural gas pipeline companies: Houston Natural Gas and InterNorth.

Guido describes ethics as “a process of determining right conduct from wrong” (para 2, p. 3). My personal view of ethics is along the same lines as this and has been instilled in me my entire life. My code of ethics includes respect for myself and others; honesty in my endeavors, graciousness in both my personal and professional lives, and accountable for my actions. I use nonmaleficence and beneficence in every aspect of my life. I also strive to honor the proverbial do unto others as they would do unto me.

What should be done right after a shock has been delivered and no signs of life are obvious?

According to the New Oxford American Dictionary, ethics is defined as “moral principles that govern a person’s or group’s behavior.” Therefore, in an ideal world, ethics should play the ultimate role when making a decision. If ethics are the principles which guides one’s behavior then, ideally, all decisions should be made entirely based on ethics. Unfortunately, such is not always the case.

Ethics is a word that most described with doing what is right, and to be a company that wants to supply a good or service to people, doing what is right is a quality that company would want to have. One of the first companies that comes to mind when I think about integrity would be United Services Automobile Association also known as USAA. This is an insurance company that has so much to offer other than just insurance like banking services. USAA is a company that started with a noble cause of just wanting to help those who have served this country by providing discounted rates on insurance. When you go to USAA online website, you will find “Service. Loyalty. Honesty. Integrity. Our core values guide everything we do,” and this is literally how every employee under this company’s name serves each one of their customers.

According to Johnson (2012) leaders are powerful role models, and policies will have a little effect if leaders do not follow the rules they set. In Enron case, corruption and ethical misconduct were deeply embedded in their business culture where profitability was more important than ethics. In this paper, I will address the factors that had led to the development of the culture of profit before principle at Enron. Also, I will create my personal code of ethics that will guide me in my professional and personal decision making and doing the right thing when faced with ethical challenges.

Values and ethics are one of the most important characteristic of an individual. They basically define who we are and what we believe. There are many factors that determine our values and ethics. Culture, religion, and many other factors affect our beliefs. Many times are values and ethics can clash with different people who hold different views and beliefs. This doesn't mean our values or ethics are wrong it just means we think differently than others. Most people have a good sense of ethics and values. Knowing between right and wrong is a good foundation to practicing good ethics and morals.

I was born in the late 1950s and spent my childhood in the 1960s and teen years in the 1970s. My upbringing was shaped very much, by how I was taught and raised. My parents were both members of a conservative religious organization and so with that said I learned this way of thought. We were raised to believe that the 10 commandments were the basis of all things right and wrong, that if we followed them our lives would be as God wanted. Not to mention our parents! As a child, we first believe all that our parents teach us. They are like God to us and must be right no questions asked. I had by then

The company Enron was formed in 1985 after two natural gas companies, Houston Natural Gas and InterNorth merged together. Kenneth Lay, former chief executive officer of Houston Natural Gas was named CEO of Enron and a year later, Lay was assigned to the chairman of Enron. A few years later, Enron launched a website to allow customers to buy stock for Enron, making it the largest business site in the world. The growth of Enron was rapid; it was even named seventh largest company on the Fortune 500 list; however things began to fall apart in 2001. (News, 2006). In the third quarter of that same year, Enron posted an enormous loss of over $600 million in four years. This is one of the reasons why one of the top executive resigned even though he had only after six months on the job. Their stock prices fell dramatically. Eventually, Enron filed for bankruptcy protection. This caused many investors to lose money they had invested in the company and employees to lose their jobs and their investments, including their retirement funds. The filing of bankruptcy and the resignation of one of the top executives, also led to an investigation by the U.S. Securities and Exchange Committee, which proved to be one of the biggest scandals in U.S. history. (News, 2006). All former senior executives stood trial for their illegal practices.

In today's world, individuals can make a single decision that can have a profoundly positive or negative effect on their family, their employer, coworkers, a nation, and even on the entire world. The life we lead reflects the strength of a single trait: our personal character. Personal ethics are different for each person but for the most part, people want to be known as a good person, someone who can be trusted, and he or she are concerned about his or her relationships and personal reputations. As we go through this paper, we will focus on answering what are ethics, what are your ethics, where do your ethics come from, and how do you manifest your ethics?

In 1985, Houston Natural Gas and InterNorth, a natural gas pipeline company, merged, and Lay became CEO of both houses. In 1986, after many changes and more growth, the firm changes its name to Enron and relocated to Lay’s hometown of Houston, Texas. At this time Enron was both a natural gas and oil company. The company specialized in the moving of natural gas through its pipelines, extending thousands of miles across the continental United States. As the firm continued to flourish, it reformed its commercial approach by becoming a leading producer and distributer of energy in both the United States and the U.K., as well as becoming more involved in the trading market. Ambition and determination truly carried Enron to new heights, helping it to become one of the most powerful and innovative companies in the United States, even being “voted Most Innovative among FORTUNE'S Most Admired Companies” for “six years running” (Helyar). However, with much success, temptation arose, and good intentions were led astray. Damaging arrogance, risky behavior, and deception ultimately warranted the demise of the mighty Enron.