The Glenarm Company Case Report

More than a decade ago, one of the most commanding corporations in modern American history filed for bankruptcy. Enron, a seemingly invulnerable company would eventually provoke sweeping changes in regulation that controls the management and accounting of public companies even to this day. The Enron scandal has come to be known as one of the prime audit failures of all time and serves as a classic example of corporate greed and corruption. However, for the generation that watched in horror as corporations such as Enron fell along with the stock market, this scandal is slowly becoming just that: history. And for the newer generation of college students like me, it is almost ancient history. Despite the time that separates us from this scandal, it has never been more important to remember the lessons learned and best understand how the adoption of The Clarkson Principles can guide our careers in the business sector.

Enron’s ride is quite a phenomenon: from a regional gas pipeline trader to the largest energy trader in the world, and then back down the hill into bankruptcy and disgrace. As a matter of fact, it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Enron is also one of the most celebrated business ethics cases in the century. There are so many things that went wrong within the organization, from all personal (prescriptive and psychological approaches), managerial (group norms, reward system, etc.), and organizational (world-class culture) perspectives. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys

Stephen Richards’s actions were extremely serious; manipulating Computer Associates’ quarter end cutoff to align CA’s reported financial results with market expectations by violating the generally accepted accounting principles and their financial reporting responsibilities. According to the U.S. Securities and Exchange Commission, Richards with other CA executives extended CA’s fiscal quarter, “ instructed and allowed subordinates to negotiate and obtain contracts after quarter end while knowing, or recklessly disregarding the fact that, CA would improperly recognize the revenue from those contracts, and failed to alert CA’s Finance or Sales Accounting Department that CA salespersons

Recently it was discovered that some severe ethical violations occurred within our consulting team contracted to Pearson Waters, Inc. which required prompt action. Certain programming code supposedly written by one of our team members was actually proprietary software information belonging to another company. Additionally two images that were used to construct the Employee Instruction Booklet were randomly selected from an internet search, without any regard to ownership permission. These and other ethical violations will not be tolerated on this or any other contract.

It is easy to understand Solomon’s argument that unethical practices destroy the business and its key people. This has been proven by so many companies, such as Enron case, whose scandals have been unveiled to the public and the people who used to amass great wealth out of unethical practices are now behind bars. Even if they get out of prison, it will be difficult to imagine how they can recover from the negative image that the public already has on them.

The treatment of conflicts of interest and other ethical dilemmas that may arise in investment decisions.

Carl did not properly identify himself as a paralegal to Raymond. Carl breached confidentiality by allowing Jane to accompany Raymond in the meeting. Carl gave legal advice to Raymond. Howard committed a criminal, ethical violation by giving Carl his paycheck from the trust account. Howe and Carl violated UPL by allowing Carl to go to court

In today’s society, ethics and ethical decisions are more crucial than they have ever been in times past. Just because they are critical to the success or failure of a business does not make them any easier to deal with or achieve. Such is the case with “The Case of the Talking Blanket” as can be seen through the answers to some questions pertaining directly to this case study.

Business ethics since the beginning of this decade has been slowly eroding; if we are to believe what we see and hear in the media. Several times a day, one can view some derogatory piece of information concerning a business. However, it must also be considered that these companies are contributing to that stigma. There have been a variety of companies and individuals who have figured prominently in the media concerning their unethical behavior.

Many companies are faced with making ethical business decisions on a daily basis. In this essay Nortel a Canadian telecommunications company is examined to understand how a company can become so successful and then plummet to rock bottom over the time span of a few short years. These factors are examined by first understanding the factors that contributed to both the rise and fall of Nortel form an ethical perspective. Following the examination of the rise and fall of Nortel several questions will discussed in detail to include: What mechanism should have been put into place to better align managers and shareholders interest? Was Nortel’s failure based on the failure of individuals or capital market process? Why do businesspeople like Nortel

Stephen Richards’ actions were plain and simply criminal, and therefore very serious. Richards used his position of power as the Global head of sales to compel clients into boosting sales earnings by quarter. And ultimately this led to "overly aggressive accounting practices" to boost their reported earnings. It was well known to CA’s

This case study was a powerful example to illustrate the presence of ethics within the

Business Industry has witnessed the outcomes of bad moral decisions taken by business leaders. Enron’s story is only one example of corporate scandals and cases of bad moral decisions, which has not only shaken the public trust in corporations, but also affected the bank accounts of investors and employees. Before the bankruptcy of Enron; it was included in one of the fortune 500 companies after its fraudulent accounting case the share went down to $1 (Enron scandal, 2010; PBS, 2002; Godwin, 2006; Godwin, 2008).

Financial advisors accepting remuneration that influences the overall outcome with client recommendation of financial advice or products constitutes a significant breach of

To make matters worse, when Andersen found problems in the financial statements, they didn’t make corrections due to a conflict of interest. The concern was that if Andersen brought these problems to light, Enron would walk away and cost Andersen millions of dollars in the long run. Andersen contemplated dropping Enron as a client, but did not follow through with it. Because the audit and consulting was done at the same firm, it clouded Andersen’s judgment. Andersen employees in Houston began shredding documents and therefore brought obstruction of justice charges that destroyed the firm.