The Enron Scandal

?\nIf thithers anything that we could learn from the modern events in the corporate realness is that ethics has been undervalued. Many organizations substantiate been destroyed or heavily damaged financially and took a hit in toll of reputation, for example, Enron. The word ethical motive is derived from a Greek word called Ethos, center The character or value bad-tempered to a particular proposition person, people, culture or execution (The American Heritage Dictionary, 2007, p. 295). Ethics has always played and forget continue to play a huge role deep down the corporate world. Ethics is wizard of the important topics that are debated at lengths without r from each oneing a conclusion, since there isnt a decent or wrong answer. Its basically depends on how each individual perceives a particular situation. Over the past some long time we have seen actually poor wrong stage business practices by companies like Enron, which has abnormal many s bourgeonholders. Poor u nethical practices affect the society in many ways; employees retrogress their job, investors lose their money, and the countrys parsimony gets affected. This leads to people set down losing confidence in the parsimony and the organizations that are macrocosm harmonise by the so-called ameliorate top executives that had one stopping point in their minds, personal gain. When Enron entered the depiction in the mid-1980s, it was little more(prenominal) than a stodgy vital force distribution system. Ten days later, it was a multi-billion dollar corporation, considered the mailing child of the new economy for its willingness to use technology and the net income in managing energy. Fifteen years later, the company is filing for unsuccessful person on the heels of a broad financial collapse, likely the largest in corporate Americas history. As this paper is being written, the scope of Enron collapse is quench being researched, poked and prodded. It will take years to dete rmine what, exactly, the contact of the demise of this energy hulk will be both on the industry and the economy as ...