The Enron Scandal

If theres anything that we could learn from the recent events in the collective world is that ethics has been undervalued. Many organizations have been washed-up or heavily dishonored financially and took a shoot in terms of reputation, for example, Enron. The tidings Ethics is derived from a Greek word called Ethos, meaning The office or values particular proposition to a specific person, people, acculturation or movement (The American Heritage Dictionary, 2007, p. 295). Ethics has forever played and testament prevent to play a wide role within the incarnate world. Ethics is one of the primary(prenominal) travel byics that be debated at lengths without arrival a conclusion, since there isnt a right or wrong answer. Its fundamentally depends on how each individual perceives a particular situation. oer the past few days we have seen very curt unethical business practices by companies like Enron, which has refered some(prenominal) stakeholders. Poor unethical pr actices affect the society in umteen ways; employees move back their job, investors lose their money, and the countrys scrimping gets affected. This leads to people start losing cartel in the economy and the organizations that are being run by the so-called educated top executives that had one goal in their minds, personal gain. When Enron entered the scene in the mid-1980s, it was little more than a stodgy energy distribution system. Ten eld later, it was a multi-billion dollar corporation, considered the poster barbarian of the new economy for its willingness to function technology and the Internet in managing energy. Fifteen years later, the smart set is filing for bankruptcy on the heels of a massive financial collapse, likely the largest in corporate Americas history. As this paper is being written, the kitchen stove of Enron collapse is still being researched, poked and prodded. It will take years to determine what, exactly, the impact of the transfer of this energ y giant will be both on the industry and the economy as ...