Alex Gibney produced the movie that tells the tale of how Enron, an infamous energy corporate company ascended to riches, fame through financial malfeasance, and later on flopped tremendously. The movie…
Download file to see previous pages...
Another form of malpractice that the company participated in is loaning money to itself in order to conceal debts. They also manipulated California’s’ energy supply using its electricity market. The movie elaborates how thousands of Enron employees lost their job in the scandal albeit their loyalty, while their bosses maintained their wealth. In reality, this movie is a criminal documentary that reveals how the executives of Enron, which was America’s seventh largest company, participated in a pansy scheme and got away. Their investors and employees succumbed to great losses while they walked away with billions of dollars (Sterling 22).
An ethical consideration is the rights and duties of an entity to its employees, customers and their fiduciary responsibility towards their investors. These considerations assist in maintaining the integrity of a profession by setting out standards. Professionals found in violation of ethical responsibility are subject to sanctions, withdrawal of licenses and charges by law. It is unfortunate that the pioneers of the pansy scheme involving Enron walked away scot free with billions of dollars while their employees and investors made huge losses. The underlying principle in ethics is choosing the right irrespective of the foreseen or unforeseen consequence. Ultimately, unconditional responsibility that surpasses belief and interest is essential for harmony in human interactions. After watching this film, it important to recognize that community support does not determine ethical standing. A company may donate or fund other projects generously but the behaviors that take place behind the scenes are the most crucial. Enron was the leading financier of George W. Bush 2000 election campaign but they had many hidden issues (Sterling 63).
I believe that justice was served in the Enron scandal. The executives associated with the issue faced
...Download file to see next pagesRead More
Meanwhile, another narrative tried to recount the course of the civil rights movement through four decades, tracing the development of this movement from the landmark case of Brown v. Board of Education of Topeka, Kansas in the early 1950s, to the issues if poverty and lack of opportunity for blacks as powerful issues in the early 1990s.
The artists are former employees of the corporation, as well as reporters who give an account of the mannerisms of top heads involved in the fraud and their inherent strengths and weakness .They give their own interpretations about the main incidents, which led to the bankruptcy of the corporation.
-programming books and compact discs in disarray, a swivel-chair, a waste-paper bin, an information board, a calendar, and several items of cheer-me ups.
It is eleven in the morning. I have been working at my computer for almost two hours continuously. A couple of crumpled
Enron’s case exhibited critical levels of conflict of interest across directors, auditors, business analysts, business consultants, and stockbrokers (McLean & Elkind, 2003). The underlying conflict could be addressed in differentiated ways, relative to all the parties
Therefore, the practice of ethics prevails in business after the public is certain that the company’s performances aim at achieving sound objects without fraudulent practices (Perrucci and Earl 320). Enron’s unethical practices that further embraced deregulation
When I was watching the part in which the movie producer shows Jinglung, hia Chinese apprentice how to edit a movie tape I was immediately reminded of the Benjamin’s quote above. While he edits the movie he shows how he can manipulate reality. I think that the mentioned quote
The author of this paper informs that after Enron was declared bankrupt, the three company directors were summoned to a hearing by the congress. The interrogation revealed that the company had been causing artificial shortages for energy in order to hike prices. Besides, this would make the company’s stock more marketable.
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic The smartest guys in the room(movie&book) essay for FREE!