Enron Ethics And Law - 1828 Words

Enron – Ethics and Law Essay Mike Towle MBA 6070X Professor Louis Benedict October 17, 2014 TOWLE 2 The Enron Jeffrey Skilling and Ken Lay knew was one they kept to themselves and a few chosen colleagues. The rest of the world saw a global oil company on the cutting edge of its business and paving a path that other American firms could follow. In its trail, investors were getting rich, employees found reward and satisfaction, and the community it called home thought it to be a model citizen and stalwart of its corporate skyline. But the truth was that the Enron Skilling and Lay knew was a fragile combination of slippery investments, shoddy book keeping, disrespect for the law, a lack of personal integrity and accountability, false communications to the public, and poor ethical management. All this was concealed by a leadership culture that seemed to believe they were either too smart to get caught or too important to be questioned. Enron and its executives paved a path that took them from a small oil company to a global leader to bankruptcy court and now many of its former executiv es sit in federal prison cells 13 years after the company’s tumultuous downfall. The lessons of the self-inflicted largesse from Enron are many but the one that glares from its core is that honesty and integrity need to hold a firm place at the center of a company’s business philosophies or it may quickly find a rocky path to its own end. Enron’s Corporate Star ForShow MoreRelatedEthics in Accounting1196 Words   |  5 PagesEthics in Accounting By Pace University – New York Accounting for Decision Making, MBA 640 Fall 2011 Required Research Paper Page 1 of 11 Table of Contents Number Content Page Number 1 Introduction 3 2 Ethics in Accounting 4 3 Enron Scandal 6 4 Satyam Scandal 8 5 Conclusion 10 6 References 11 Page 2 of 11 Introduction †¢ What is â€Å"Ethics†? Ethics, also known as moral philosophy, is a branch of philosophy that addresses questionsRead MoreThe Reprehensible Story Of The Enron Corporation1680 Words   |  7 Pagesreprehensible story of the Enron Corporation’s rapid rise to success followed by their consequential disgraceful fall is one that has captivated the attention of the public for more than a decade. Not only was this scandal highlighted largely due to the widespread publication of the Enron Corp’s actions in the newspapers and television but must notably their substantial contradictory actions against not only basic ethics but Enron’s published Code of Ethics. Outlining the reputation of Enron, Kenneth Lay, ChairmanRead MoreManagerial Ethics: Enron Case Study1392 Words   |  6 PagesIntroduction The book The Smartest Guys in the Room describes the Enron fraud case. Enron, the Houston-based energy trading company committed systematic fraud over the course of several years before finally being subject to investigation. Ultimately, the company was shut down and the principals were prosecuted. There is, in essence, no real ethical dilemma in the Enron case. A true ethical dilemma would have a dilemma component, whereas Enron was outright criminal behavior from the outset. NeverthelessRead MoreCorporate Social Responsibility Of The Enron Corporation1124 Words   |  5 PagesIntroduction We will look at the Enron Corporation and discuss its application of Corporate Social Responsibility (CSR) or in actuality its irresponsible behavior as related to social responsibility. We will revisit what CSR is and discuss Enron’s philosophy regarding its use and function within the corporation. We will discuss the consequences of Enron’s irresponsible behavior and the far reaching effects it had on society. Corporate Social Responsibility are actions taken by a corporationRead MoreEthics And A New Accountants Perspective On Enron1217 Words   |  5 PagesThe Law, Ethics and a New Accountant’s Perspective on Enron Ethics is a decision one makes in knowing the right thing to do and actually doing the right thing. They are the rules of behavior based on one’s belief of what is morally good and bad. A person may hear the word ethics and immediately think of government or the law. Not only does ethics have a role in government, it also plays a major role in business, including accounting. Schroeder, Clark Cathey (2014) state that the â€Å"reason for aRead MoreThe Ethics Of The Accounting Profession1210 Words   |  5 PagesEthics are a decision one makes in knowing the right thing to do and essentially doing the right thing. They are the rules of behavior based on one’s belief of what is morally good and bad. A person may hear the word ethics and immediately think of government or the law. Not only does ethics have a role in government, it also plays a major role in business, including accounting. Schroeder, Clark Cathey (624) states that the â€Å"reason for a high level of ethical conduct is the need for public confidenceRead MoreEthics Standards And The Field Of Accounting950 Words   |  4 PagesProfessional ethics are an absolute necessity in the field of accounting. Businesses rely on accountants to accurately report their financial information and give sound advise and consultation in regards to their business. There are standards and rules set in place to ensure that ethics and information is reported accurately. Laws and repercussions are created place to deter unethical and illegal accounting practices, although it still occurs in the business world on many levels. The field ofRead MoreEnrons Business Failure Paper986 Words   |  4 PagesEnron Business Failure Paper Abstract The following paper will explain the reason of why Enron as a company failed. It will compare and contrast the contributions of leadership, management and organizational structures to the failure. Enron, was the worlds top electrical, communications, pulp and paper, and natural gas company. Unfortunately, in late 2001 the company started to unravel. Enron was on the brink of bankruptcy and even an attempt to be bought out by a smaller company calledRead MoreAnalyzing Ethical Behavior920 Words   |  4 PagesBehavior Paper Chad L. Million Grand Canyon University BUS-340 Ethical amp; Legal Issues in Bus. Glen Germanowski July 25, 2010 Analyzing Ethical Behavior Paper When functioning in the corporate world, it is an essential to include moral ethics. Ethics is also particularly imperative when laboring with financial information. It is very hard to have faith in someone managing plenty of money. Corporations in the past have distorted their financial statements in regulation to look superior to stockholdersRead MoreThe Ethics Of The Accounting Profession1204 Words   |  5 PagesEthics is a decision one makes in knowing the right thing to do and actually doing the right thing. They are the rules of behavior based on one’s belief of what is morally good and bad. A person may hear the word ethics and immediately think of government or the law. Not only does ethics have a role in government, it also plays a major role in business, including accounting. Schroeder, Clark Cathey (624) states that the â€Å"reason for a high level of ethical conduct is the need for public confidence

My Experience With Writing - 1470 Words

I don’t think I ever wanted to be a writer: My experience with writing I walk into my bright, and decorative bedroom after a long, and tiring day of school. Turning on the lights, I steer towards my dresser set to retrieve my previously sharpened pencil and partially filled notebook. I find myself sitting on my fuschia papasan chair. With my notebook in my hand, I slowly open it to reveal a fresh clean sheet of paper. With peace and inspiration filling my mind, body, and soul, I begin to fill its pages with tried attempts of poetry and eventful situations of my day. A smile forms onto my lips as I stare at it. Writing about myself and experiences was all I knew. For days my English 12 class went by in a breeze. We were instructed to use Khan Academy, to learn something new. This site contained valuable information on a variety of topics. My English 12 teacher, began to explain that there was a method to his madness as far as the Khan Academy website. frustrations filled me from the top of my head to the very tip of my toes. I sat in my familiar seat at a table in the front of the classroom with my twin sister and a familiar associate with my laptop in my hand. Suddenly, I felt overwhelmed with intense feelings of anxiety and lack of motivation as my facilitator continued by informing the class about how not only were we required to write an essay that was due in a few weeks from that day, but also another that was due before we could graduate. He began handing out sheetsShow MoreRelatedThe Experience Of Writing : My Experience In Writing851 Words   |  4 PagesWriting is a tool that we have all been using in one capacity or another since we were probably kids. I remember as a youngster when I could not express how I felt about a particular issue I was told to write it down so I can make more sense of my feelings. Those are my first experiences with writing and where my relationship started develop. As Ive gotten older, I have learned to really Express my feelings rather good or bad in my writing. This is where I fell in love wi th it. The fact that itRead MoreMy Writing Experience With Writing2375 Words   |  10 PagesAll throughout my years of schooling, I’ve had just about, one paper that was about one page long, due every year. My papers never had to be more than one page in length. Therefore, I did not have to do much writing or do many essays. Surely not enough to remember any of the assignments. Writing has never been something I enjoyed doing, so I never bothered to many any memories of my writing experiences. I did not think it was necessary to remember any of them since I only had to do them to get aRead MoreReflection Of My Experience : My Writing, And Writing886 Words   |  4 PagesDuring this semester, I have learned a great deal about my own writing, and writing in general. One of the main takeaways from this course for me was how to break down the intricate process of writing papers. In addition, I developed viable skills regarding going into more in-depth detail during each step o f the writing process. I enjoyed having the freedom to write about a topic that I was able to choose. This allowed me to research and write about something that actually interested me immenselyRead MoreMy Writing Experience : My Experience In My Life921 Words   |  4 Pagesand useful skill you will need is writing. From first, learning to write words and sentences, to more advanced writing like essays. Everyone learns to write a little differently, some ways are learning from your parents or learning words and letters in kindergarten. As you get further down the path of life you develop higher skills of writing. As people grow up their life gets more advanced and difficult and they have to worry about more things; in a sense writing is the same way as you grow up youRead MoreMy Learning Experience For Writing937 Words   |  4 Pageslearning experience for writing in any language can vary a lot. Not everyone has the same way of thinking; therefore, your individual learning style or learning route suits other people. The only similarity in the learning process of writing for every individual, is that they need how to read in order to write. In my case, I had a weird starting line when I learned to write. Not only because it is unique, but because most people don t have the opportunity to do what I did. To begin with, my writingRead MoreMy Experience With Writing Class2214 Words   |  9 PagesWriting is always something that I needed to spend a little more time at. I was much better answering math problems than I was writing a paper or explaining a book I just read. In my college writing class I felt that I was always given a challenge. The book â€Å" The Book Thief† that I read was quite lengthy and had a lot of symbolism in it that took me a while to completely understand. The papers that I had to do in my college writing class were also a lot more challenging than the ones I had to doRead MoreReflection Of Writing : My Writing Experience In The Homeroom871 Words   |  4 PagesAs a child, I remember my first writing experience outside the classroom. For it would teach me more than just putting words together to complete a sentence, but to incorporate the meaning. Entering my third year of elementary school I encountered the most humblest teacher named Ms. Cologne. Sh e was the most good hearted, caring, humane person I met at a young age. She was black with dark straight hair and wore thick framed plastic glasses. Her classroom was bright, full of colors with the ABC’sRead MorePersonal Writing : My Personal Experience In Writing955 Words   |  4 PagesENC1101 - FSCJ 09/20/2017 Lost As a writer, I find myself getting lost. Typically, when I go to start writing I hit a brick wall. It’s as if all my thoughts suddenly escape my mind and I draw a blank. It takes me forever to conjure up some form of a thesis and then takes even longer to figure out what I should write to support it in a way that makes sense. Then, attempting to find a way to organize my ideas and put them together in cohesive paragraphs seems like an impossible task in the moment. ItRead MoreMy Positive Writing Experience : My Amazing Life Experience1397 Words   |  6 PagesMy Amazing Life Story Experience Writing my life story was an overwhelmingly positive experience for me. This story was an important story for me to tell because it is about the day that I met my sponsor child. That experience of meeting my sponsor child was an experience that changed my life because I was able to physically see the boy that I have been pouring into. This experience also took my relationship with my sponsor child to another level because I was there in Zimbabwe Africa building myRead MoreMy Experience Of Creative Writing946 Words   |  4 PagesCreative writing is something that has and always will be an important part of my life. It’s helped me discover what I truly want to do in life and something that I have been interested in ever since I was a young kid. I remember vividly when I first starting taking an interest in writing original stories of my own. I was around the age of eight and at that point in my life I had never really been taught that I could write by using just my imaginat ion; when you’re in second or third grade you’re

Journal of the Plague Year and Frankenstein Free Essays

The Plague and Frankenstein The quest for knowledge is eternal and almost never-ending. People devote their lives to studying and advancing their knowledge, but their advancement is always held in check by society and the people who studied before them. Several novels have been written which explore the effect knowledge and its limitations can have on society. We will write a custom essay sample on Journal of the Plague Year and Frankenstein or any similar topic only for you Order Now This paper will focus on Defoe’s Journal of the Plague Year, and Mary Shelley’s Frankenstein or the Modern Prometheus. Even though these two novels were written about 100 years apart, they still exemplify many aspects as to why knowledge has limitations. While Defoe’s Journal centers on how to prevent and cure the plague, with a heavy emphasis on religion, Shelley’s Frankenstein has little to no religious affiliation, and focuses on how science and knowledge can potentially lead to evil and misfortune. The plague was a severe and devastating disease which affected Europe multiple times throughout history; each time killing every person who came down with the disease. People are fortunate enough today to have a cure for this disease, but during the 1700s, there was no cure and very little knowledge about proper medical practices. Defoe mentions how signs were posted throughout London, claiming of people who knew of a cure or treatment for the plague, however some of these treatments â€Å"prepared their bodies for the plague, instead of preserving them against it. †1 Thieves and pick-pockets robbed and cheated poor people out of their money with scams, sometimes even poisoning their victims with tonics or â€Å"physicks† that could include such poisons as Mercury in them. These scammers were all throughout the city, appealing to the desires and abundance of the poor. There was no regulation of such business practices and advertisements made ridiculous claims of free help, only to deceive the poor once they got there, forcing them to pay for what may (or may not) help them. These practices were quite cruel and unjust, but people were so scared for their lives that they were willing to do anything which would allow them to live. Not every person in the city fell victim to these scams. Many people once they heard news that the plague had reached London decided to flee and head to some far off town where they might be able to avoid catching the disease. This plight from the city was not only a rational decision, but a religious one as well. Much debate between people in London was sparked about the religious justification for staying in the city, and trusting in God to protect them where they were, or to leave London and â€Å"trust God with [their] safety and health†. 3 For the main character in this novel, H. F. struggles with this decision because he can leave London and live with his relatives, and risk losing all of his possessions, but he ultimately decides to stay, viewing his decision as remaining faithful to God. Upon informing his brother of this decision, he learns that the person, who he was going to entrust with his property during his leave, became ill with the plague, only enforcing H. F. ’s feelings that he made the correct decision to stay in God’s faith. 4 Once the plague hit London with full force, the city was forced to find a new way in which to contain this disease. Instead of looking to the filth with which people lived in, and regarding that it could be carried by animals such as rats, the town determined that each house was to be inspected by doctors, and if the plague should be found within a home, the inhabitants would be locked inside the house, only to come out if they died or the disease had passed. Each home which the plague was found in had a red cross painted on the door, marking it for all to see, and a Watchman was assigned to make sure nobody went in or out of the house, and to run errands for the family if need be. This cruel idea caused many families to parish in their own homes, while others tried to escape by either sneaking out or attacking/threatening the watchmen. In the book Frankenstein or the Modern Prometheus, by Mary Shelley, the underlying theme is how knowledge and power can lead to misery and destruction. In the book, Victor Frankenstein goes off to college and becomes obsessed with several different types of philoso phy and science. He becomes absorbed in â€Å"the secret of life† and he ultimately tries to recreate it. He is successful and brings life to a monster so hideous that even he cannot bear to be around. Frankenstein tries to desert the monster which he created, but he is never fully able to, as the monster follows and spies on Frankenstein and kills part of his family. Frankenstein is appalled that his creation could have begun to cause such horror and pain to people around him, but is worried that if he tells anyone about the monster which he has created, then he himself will look like a madman. The monster himself is eager for affection from humans, but everywhere he goes, he is shunned and forced away from the town due to people being in fear of him. The monster spends much time watching the actions of a family of peasants, where from his hiding place he is able to learn how to speak French as well as read. After some time he ultimately decides that they are a very compassionate family and that he should reveal himself to them, upon doing this, they are disgusted and chase him away. The monster vows to get revenge on Frankenstein and first begins by killing his little brother whom he stumbles across in the forest in Geneva. He then plants the child’s necklace on a friend of Victor’s, to make her appear as the murderer. She is tried for the crime and hung for it. The monster realizes that his only chance for happiness lies within Frankenstein creating him a female companion. He persuades Frankenstein to create him a female saying that he will leave mankind alone forever and go live in some distant land if he has a companion to go with him. 7 As Frankenstein has begun work on his second monster in Scotland, he is reminded of how crazy he became when creating his first monster, and upon catching a glimpse of his monster watching him through the window, Frankenstein freaks out, and destroys the second body which he is creating. The monster upon seeing this is enraged and promises to kill the rest of Frankenstein’s friends and family. This promise holds true, for Frankenstein loses his best friend that night, his wife on his wedding night, and his father. Rather than heed to the monster’s wishes and create a wife for him, Frankenstein was overcome with the guilt of the deaths of his monsters first two victims. He worries that in creating another, he will be creating a duo of evil that will wreak havoc upon the human race. For it was his fault in the first place which let his imagination get a hold of himself and he wanted to create life for himself. This intense lust for knowledge which Frankenstein has ultimately leads to his demise. He becomes mad in his quest and ends up destroying everyone dear to him as well as himself in the end. Both The Journal of the Plague Year and Frankenstein or the Modern Prometheus have heavy themes about knowledge. Defoe’s Journal specifically focuses on how disease was treated and what the methods were to try to cure it. The Journal also has a heavy religious force in it as well. The people in the story as well as the main characters, look towards Bible versus and quotes for guidance in their decision making. This is not the same as in Frankenstein where the main character becomes god-like himself with his creation of life. This major difference is most likely due to the fact that the novels were written about 100 years apart from each other and people’s views how religion affected their daily lives had greatly changed. There is very little mentioned in Frankenstein about religion at all. In each novel, there is excess knowledge than what people have the capacity for; therefore in The Journal, London makes the harsh decision to lock people in their own homes in order to prevent the spread of the plague; while in Frankenstein, his ever persistent quest for knowledge winds up killing him and those dearest to him. The novels are almost a warning as to what effect knowledge can have on society and suggest, that as Socrates said, â€Å"the only true wisdom is in knowing you know nothing. † How to cite Journal of the Plague Year and Frankenstein, Papers