The corporation was praised for its innovative operational model, which was deemed the future of the energy and power sector, and was steered by America’s brightest. At some point, the company ranked as the nation’s seventh-largest entity, valued at almost $70 billion (Sarkkinen, 2015). BackgroundĮnron Corporation was an illustrious American company that had established itself as among the leading financial health organizations in the United States. Although Enron’s executives wanted the energy sector deregulated and governmental influence eliminated to enhance the firm’s shareholder value, the move created ethical dilemmas for the company and contributed to the ultimate disintegration of the firm. The management also created special purpose vehicles (SPVs) to facilitate the institutionalized and systematic racketeering, which helped to keep the spiraling losses and debts off the balance sheet. Enron: The Smartest Guys in the Room illustrates the deterioration of ethics in corporate culture in which the senior employees engaged in fraudulent accounting activities. ![]() The white-collar crime led to the bankruptcy and eventual collapse of one of the world’s most successful companies. ![]() Enron: The Smartest Guys in the Room depicts incidences of conflicts of interest and the manipulation of the mark-to-market accounting system by Enron’s high-ranking executives to perpetrate fraud.
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