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1. #Enron The Smartest Guys In The Room Analysis How To Manage And#
2. #Enron The Smartest Guys In The Room Analysis Code Of Ethics#

Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT Order Essay. Analysis of Enron: The Smartest Guys in The Room. But its shoddy business practices, aided by bankers and advisors feeding from the gravy train, brought down the company in December 2001.Analysis of Enron: The Smartest Guys in The Room. Enron, once a sleepy natural gas pipeline company, grew to become the nation's seventh largest publicly-held corporation. In addition tEnron's chairman and chief executive officer were Kenneth Lay and Jeffrey Skilling, two supremely arrogant and belligerent men who believed they were the 'smartest guys in the room': that through. Enron: The Smartest Guys in the Room The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world.

Its former chairman, Ken Lay, was also convicted but because he passed away before his guilty verdict could be appealed, that case was thrown out. O Double Spaced.Altogether, 16 former Enron execs including Skilling had been sentenced to prison. O Alphabetized Reference Page.

Enron The Smartest Guys In The Room Analysis Code Of Ethics

It's the principles they use when deciding whether to emphasize short-term gain or long-term stability.Economist Milton Friedman has argued that it is the social responsibility of corporations to increase profits thereby putting more people to work and paying more taxes to support programs that benefit the general public. It's the foundation to which boards, managers and workers rely when they reach a fork in the road. But a clear-cut mission and a corporate code of ethics is crucial. While Enron may be the crown jewel of corporate prosecutions, it was preceded by guilty verdicts for top execs at Adelphia Communications, Tyco International and WorldCom.Punishment serves as a deterrent. It was a sad "ending" to what had appeared to be a promising beginning to the New Economy in which the internet age would spread wealth and create jobs throughout the social spectrum.

Enron The Smartest Guys In The Room Analysis How To Manage And

They are practical approaches to everyday situations. But solid principles are good for business, and ultimately good for corporation valuations.Corporate codes are not charades. Stock values, of course, are a function of multiple factors. Companies that live and breathe their missions, by contrast, will get recognized by both the retail and capital markets. Those decisions have a direct bearing on their public identities and will affect their share prices.Unethical companies will eventually get exposed: Witness Enron. Some companies therefore struggle with how to manage and measure ethics and particularly in cases where they have worldwide offices that operate in diverse cultures.