The Ethics Of The Enron Corporation - 1908 Words

October 2, 2015, news broke that Enron Field was still the legal name of Minute Maid Park in the Texas comptroller’s office. Even after a 15 year period of change here in Houston, Texas, there are still small remembrance that the Enron Corporation was a large part of the Houston culture. Enron’s hold has been just as gripping 15 years after its closing as it was when it was a thriving vivacious company throughout the 1990 s and early 2000 s. As Houston’s economy is in quite the upswing; Enron’s fall and economic breakdown of the city, poses a question of ethical and financial decision making that created the need for reformation of business in Houston. The moral belief of right and wrong behavior, being applied to making business†¦show more content†¦They were placing company’s in financial choke holds for future business propositions. With everyone wanting to be attached to the business of Enron they were able to get these company’s to close there eye and shake on fraudulent deals with the blind promises of financial success. Business performance was hidden from the worlds eyes, and passed off as success through undocumented lies and fraudulent business practices. Of more than 30,000 employees that were actively employed with Enron only, John Olson, Margaret Ceconi, and Clayton Verdon, chose the right things to do and performed ethically. However, many other employees just kept silent or even did the things which are obviously unethical and even illegal. Having numerous Enron executives charged with criminal acts, including fraud, money laundering, and insider trading, still only amounted in a very small pe rcentage of the guilty parties being brought to justice. Knowing that top management opened up the Pandora’s Box and created the unhealthy business environment, they still didn’t bear much responsibility for the unethical harm they caused to so many. Kenneth Lay is the founder, chairman and CEO of Enron. All the facts show that Lay was the head decision maker with a desperate need to see this company succeed, while honing in on dishonest tactics and a lack of integrity. While he was CEO, Enron was involved in multiple counts of criminal activity ranging fromShow MoreRelatedThe Impact of Ethics on the Enron Corporation2018 Words   |  9 PagesEthics is something that is very important to have especially in the business world. Ethics is the unwritten laws or rules defined by human nature; ethics is something people encounter as a child learning the differences between right and wrong. In 2001, Enron was the fifth largest company on the Fortune 500. Enron was also the market leader in energy production, distribution, and trading. However, Enron s unethical accounting practices have left the company in joint chapter 11 bankruptcy. ThisRead More The Impact Of Ethics On The Enron Corporation Essay1877 Words   |  8 PagesEthics is something that is very important to have especially in the business world. Ethics is the unwritten laws or rules defined by human nature; ethics is something people encounter as a child learning the differences between right and wrong. In 2001, Enron was the fifth largest company on the Fortune 500. Enron was also the market leader in energy production, distribution, and trading. However, Enrons unethical accounting practices have left the company in joint chapter 11 bankruptcy. This bankruptcyRead MoreEnron and Worldcom Case Study1225 Words   |  5 PagesEnron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. 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