Enron – Ethics Essay Example

that it was using as a conduit for much of its business.

Regardless, it was a horrible decision and a show that all Enron really cared about in the end was the almighty dollar.The biggest lack of ethics of all is that Ley and Skilling didn’t have the guts to be able to take responsibility for their actions. The belief that a leader should "accept responsibility" is a moral notion, having to do with the idea that when one takes charge of, and is tasked with managing, an organization, one thereby accepts responsibility for whatever goes on there. In part, we hold leaders responsible because they have the power, if not to control everything that goes on in their organizations, at least to set the tone and direction of the organization, and to set an example for appropriate behavior.

How can you be in charge of a Fortune 500 company, yet deny not be responsible for your companies actions, and to not even know what is even going on. How can you even say that your not responsible and didn’t know what was going on in the company you were leading after you cost people their livelihoods, future retirement and jobs, while at the same time cashing in your stock for millions while knowing your company is sinking like the Titanic.It is truly sad what happened at Enron and more importantly, the people who lost their savings and jobs. In the end, was the downfall due to Power, temptation and greed or the arrogance of those who were in power? Did the deregulation of energy policies have anything to due with Enron’s downfall? In the end

we will never truly know all the facts, except that Enron was an ethically bankrupt company which eventually became bankrupt.