The Impact Of Ethics On The Enron Corporation Essay -- Business Ethics

Ethics is something that is real important to have especially in the business world. Ethics is the extempore laws or rules defined by human nature ethics is something peck encounter as a child learning the differences between even up and wrong. In 2001, Enron was the fifth largest company on the Fortune 500. Enron was likewise the grocery leader in energy production, distribution, and trading. However, Enrons unethical accounting practices have leave the company in joint chapter 11 bankruptcy. This bankruptcy has caused legion(predicate) problems among many individuals. Enrons employees and retirees are suffering because of the bankruptcy. Wall Street and investors have taken a major downturn do to the companys unethical practices. Enrons competitors and the industry have also both been affected by the bankruptcy. The U.S. economy took a sudden downturn for the worse, do to just this one companys unethical behavior. EmployeesEthical decisions are manoeuvre by the underlyi ng values of the individual. Values are principles of conduct much(prenominal) as caring, honesty, keeping of promises, pursuit of excellence, loyalty, fairishness, integrity, respect for others, and responsible citizenship (Bateman, 2004). Numerous employees garbled their jobs and retirement funds because of Enrons bankruptcy situation. While top executives were cashing in their line of products options, knowing the company was going to fall, employees and shareholders were the ones who would take the biggest hit. One of Enrons principles was to offer their employees fair compensation through wages and other benefits yet that did not residual up being the case. While executives were selling their stock options, employees were going to be losing the money in their 401K policies since most of the emplo... ...volume (9), p. 29. Retrieved kinfolk 20, 2005, from Proquest database.Enrons Missed Opportunity. Retrieved September 19, 2005 from,http//brie.berkeley.edu/briewww/publicat ions/WP152.pdfFlood, M. (2005, April 26). The twilight of Enron. Houston Chronicle. Retrieved September 19, 2005 from http//www.chron.com/cs/CDA/ssistory.mpl/special/enron/broadband/3153199Kadlec, Daniel. (2002, January 13) Enron Whos Accountable? Retrieved on September 23, 2005, from http//www.time.com/time/business/article/0,8599,193520,00.htmlLashinsky, A. (2001, July 13) Enrons Own Dot-Com Bubble ultimately Popped. The Street.Retrieved September 19, 2005 fromhttp//www.thestreet.com/comment/siliconstreet/1489696.htmlMalveaux, J., (2002). Enron serves as wake-up call. Retrieved on September 20, 2005 from http//www.usatoday.com/news/ suasion/2002/01/25/ncguest1.htm