The Impact Of Ethics On The Enron Corporation Essay -- Business Ethics

Ethics is something that is very important to have especially in the business world. Ethics is the unwritten laws or rules defined by homo nature ethics is something people encounter as a nestling 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 bankruptcy has caused many problems among many individuals. Enrons employees and retirees are suffering because of the bankruptcy. Wall alley and investors have incorporaten a major downturn do to the companys unethical practices. Enrons competitors and the industry have also both been affected by the bankruptcy. The U.S. parsimony took a sudden downturn for the worse, do to just this one companys unethical behavior. EmployeesEthical decisions are guided by the underlying values of the individual. determine are principles of conduct such as caring, honesty, keeping of promises, pursuit of excellence, loyalty, fairness, integrity, respect for otherwises, and responsible citizenship (Bateman, 2004). Numerous employees lost their jobs and retirement funds because of Enrons bankruptcy situation. plot top executives were cashing in their stock options, knowing the company was going to fall, employees and shareholders were the ones who would take the biggest hit. One of Enrons principles was to offer their employees fair compensation through wages and other benefits yet that did not end up being the case. While executives were marketing their stock options, employees were going to be losing the money in their 401K policies since most of the emplo... ...volume (9), p. 29. Retrieved family line 20, 2005, from Proquest database.Enrons Missed Opportunity. Retrieved September 19, 2005 from,http//brie.berkeley.edu/briewww/publications/WP152.pdfFlood, M. (2005, April 26 ). The Fall of Enron. Houston Chronicle. Retrieved September 19, 2005 from http//www.chron.com/cs/CDA/ssistory.mpl/special/enron/wideband/3153199Kadlec, Daniel. (2002, January 13) Enron Whos Accountable? Retrieved on September 23, 2005, from http//www.time.com/time/business/article/0,8599,193520,00.htmlLashinsky, A. (2001, July 13) Enrons suffer Dot-Com Bubble Finally Popped. The Street.Retrieved September 19, 2005 fromhttp//www.thestreet.com/comment/siliconstreet/1489696.htmlMalveaux, J., (2002). Enron serves as wake-up call. Retrieved on September 20, 2005 from http//www.usatoday.com/news/opinion/2002/01/25/ncguest1.htm