Enron Ethical Essay
Enron Ethical Essay

Enron Ethical Essay

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  • Pages: 3 (771 words)
  • Published: December 19, 2017
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This is a survey of business policies and procedures implemented by the Enron corporate policy committee headed by the chairman Ken Lay. The enigma of corporate responsibilities and ethics of the Houston based energy giant Enron are mapped out in a simple easy to read memorandum circulated throughout the several levels of management and to all employees.It clearly defines and ethical and responsible approach that mimicked those iron clad principals hammered out by the bible and childhood fables. However when we contrast these so called ethics of Enron with their actions all across the board another story unfolds. One in which a road fraught with lies deceit where money outweighs moral obligation and human values.

At the center of this ethical dilemma is the fact that absolute power, and by that I mean money, of

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the organization is at the center of the minds of everyone on the senior management staff in the organization.Vision to become the worlds leading energy company is just another way for them to say we want to take as much money as possible without regards to the rules. If they don’t make their stock holders happy with continuously increasing capital gains then the price of the stock will fall and the company will lose revenue by letting their investors slip into the loving arms of another firm rich with opportunity.So how does a corporation with a declining sales revenue and drastically increasing debt margin turn their financial slump around with out turning heads onto what the particulars are surrounding it. The answers simple why don’t we just take the easy left instead of the hard right and lie to everyone i

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the entire organization, to our potential stockholders, to all of our current stock holders, to the government, and to the newspaper reporters so that we will in fact continue to make lots of money without actually doing it just inflating the market.Integrity just gets thrown out the window of their thirty five story mansion atop which they sit on a thrown, untouchable by human law.

They have one of the top accounting firms in the world “taking care” of the books so that no one asks questions for which I’m sure they were supremely compensated. There are lobbyists out all over spreading the word of glorious things to come in the future with the corporations sales and revenue projections.In the report it examines the exact numbers of different facets of the companies revenues from different markets and suggest that there will be increasing market exploration with which plenty of money and growth is to be had. This is an agonizing contradiction to the companies policy in that they only treat others as they wish to be treated.

Nonsense. If the companies top ranking officials who claim to be good honest people who only seek to help their communities in which they serve how could they possibly be lying to everyone and blowing up numbers to meet or exceed analysts projections.In the middle of a corporation on the verge of bankruptcy lies top executives selling off all their shares of the company at the peak possible price. This is indicative of a corporation whose moral and ethical obligation to the public and to its employees has gone away from the moral code and south for the long haul.

Its not long before they announce publicly that they are going to file bankruptcy and stock prices plummet and fingers start getting pointed.It is part of the company policy that they have an obligation to communicate yet there is none in the days preceding the announcement except to the chosen few.

This is not the kind of action you would expect from a company whose dedicated to conducting business in accordance to all applicable local and international laws and regulations including those of the U. S. Foreign Corrupt Practices Act. In conclusion all the contradictions of the corporation’s rules and ethics policies seem arrogant in retrospect with regards to the memo.I think it could be that the leaders of the company thought that with all the money they donated to special interest groups that they would be protected from any wrong doing.

Someone in the corporation was mistaken as to the loyalty of people to companies over people and money. Corporate responsibility is to the people they serve and not to their checkbooks although the Enron situation seems to contradict. “It is better to trust people and be disappointed once in a while than to trust no one and be miserable all the time” Abraham Lincoln.

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