The Enron Scandal

?\nIf theres anything that we could learn from the recent events in the in collective world is that morals has been undervalued. Many organizations have been ruined or heavily change fiscally and took a scratch in terms of reputation, for example, Enron. The banter Ethics is derived from a Hellenic word called Ethos, meaning The feature or values fussy to a specific person, people, coating or movement (The American Heritage Dictionary, 2007, p. 295). Ethics has evermore played and leave behind detain to play a great role within the corporate world. Ethics is one of the primary(prenominal) leadics that argon debated at lengths without reach a conclusion, since there isnt a right or wrong answer. Its fundamentally depends on how each various(prenominal) perceives a particular situation. all over the past few geezerhood we have seen very low unethical business practices by companies like Enron, which has expungeed numerous stakeholders. Poor unethical practices affe ct the society in umteen ways; employees tolerate their job, investors lose their money, and the countrys scrimping gets affected. This leads to people start losing self-assurance in the economy and the organizations that are being run by the so-called educated top executives that had one goal in their minds, personal gain. When Enron entered the scene in the mid-1980s, it was little more than a stodgy energy dispersion system. Ten geezerhood later, it was a multi-billion dollar corporation, considered the poster baby of the new economy for its willingness to ingestion technology and the Internet in managing energy. Fifteen years later, the confederacy is filing for bankruptcy on the heels of a massive financial collapse, likely the largest in corporate Americas history. As this paper is being written, the screen background of Enron collapse is still being researched, poked and prodded. It will take years to determine what, exactly, the impact of the death of this energy giant will be both on the industry and the economy as ...