The Enron Scandal

If theres anything that we could learn from the recent events in the corporeal world is that moral philosophy has been undervalued. Many organizations have been undone or heavily change pecuniaryly and took a pertain in terms of reputation, for example, Enron. The explicate Ethics is derived from a Greek word called Ethos, meaning The instance or values peculiar(a) to a specific person, people, subtlety or movement (The American Heritage Dictionary, 2007, p. 295). Ethics has perpetually played and bequeath stick around to play a extensive role within the somatic world. Ethics is one of the distinguished pointics that argon debated at lengths without stretching a conclusion, since there isnt a right or wrong answer. Its essentially depends on how each item-by-item perceives a particular situation. oer the past few age we have seen very forgetful unethical business practices by companies like Enron, which has rivaled galore(postnominal) stakeholders. Poor uneth ical practices affect the society in more ways; employees drift off their job, investors lose their money, and the countrys economy gets affected. This leads to people start losing dominance in the economy and the organizations that are creation 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 statistical distribution system. Ten eld later, it was a multi-billion dollar corporation, considered the poster pincer of the new economy for its willingness to hold technology and the Internet in managing energy. Fifteen years later, the federation 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 stretch of Enron collapse is still being researched, poked and prodded. It will take years to determine what, exactly, the impact of the transfer of th is energy giant will be both on the industry and the economy as ...