The Ethics Of The Enron Scandal

1441 Words Jun 13th, 2016 6 Pages
The definition of ethics is living one 's life according to right or wrong behavior both towards others and themselves (Ghillyer, 2014). How a person derived to their beliefs of right or wrong is a direct reflection of several factors such as; family upbringing, and religious dynamics. Each of these characteristics plays a major role in the direct choices a person will make in their day to day lives. While some people can stand by their personal beliefs regardless of the situation, there are some who are heavily influenced by others.
However, in the business world, the influence of power and money has cost people their livelihoods as well as compromised their self-dignity on many levels. One highly publicized scandal that many have
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In addition, the process allowed Enron to proposition a higher stock price in order to gain more investments, regardless of the future outcomes of not being able to produce this type of money. Some argue that this could not have happened without the knowledge of the US Security and Exchange Commission knowledge. Hypothetically speaking if the higher up was aware of this problematic scheme, then who should be held responsible for the untimely demise of this corporation?
And yet, many would like to point the finger at then auditor and consultant Arthur Anderson. Enron lived up to a standard that all the senior executives agreed upon, that they had to be the best of the best. So if a person can come into a corporation and boost sale numbers as well gain marketable share from shareholders not many would enforce morals or legality to him. The best interest of the company is to remain at the top, and greed will allow a person or persons to throw out their integrity to maintain this standard.
Furthermore, this individual name would be Ex- CFO Andrew Fastow, who sole responsibility was to keep the stock prices high as well as cover up the fact that Enron was a couple billion in debt. This fantasy of an illusion all money making idea caught the attention of then stock analyst John Olsen. John Olsen worked for Sanders Morris Harris during the time Enron started to appear to be marketing more financial gain in stocks which was unrealistically impossible. Enron had

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