Management and Ethics

<Tab/>The Enron Corporation (Enron) was once one of the world's leading energy companies. In December 2001, Enron filed the largest corporate bankruptcy claim in United States history. The collapse led to investigations of both Enron and Arthur Andersen, an accounting firm employed by Enron. Investigators focused on charges that Enron deliberately concealed its financial problems, misled investors, and failed to pay income taxes. <Tab/>Enron has taken …

…the company. But when combined with an overly competitive environment and a system that fed egotism and greed, it made for a very destructive combination. Anytime that management loses sight of good business practices and is more concerned with the price of the stock rather than impact the decisions will have on the future of the company, that company is destined for failure. Reference: Enron.com. (2002). Enron Corporation homepage [Online] Available: http://www.enron.com