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ENRON: HOW THE COMPANY GOT INTO TROUBLE

ENRON: HOW THE COMPANY GOT INTO TROUBLE THROUGH UNETHICAL PRACTICES

The Enron case was a daily staple of television news for several weeks in 2002. The story both started earlier and lasted longer in the print media. Now, however, one seldom hears about Enron or its top executives รน and the reason is not because they are all lodged safely in a federal prison. Rather, it because (a) the president and the congress gain no longer gain points by grandstanding on the issue, (b) the Department of Justice finds its difficult to put the top brass in the docket, although the Department has pressured some lower-level Enron executives into confessions, and (c) the public appears to be beyond caring.

The Enron scandal, however, was and is an important development for American society. The scandal demonstrated just how easily ethical standards can be discarded at the highest corporate levels when the price is right.

This paper examines the Enron scandal from a perspective of ethics in management. The phrase ethics in management in management is an unfortunate one. It implies that the set of ethical principles applicable in corporate management may be somewhat different from the application of ethical principles in other societal endeavors. Perceptions of that sort by top managers at Enron may have made it easier for them to pursue the courses of action that landed themselves and the company in the troubles that eventually emerged.

Enron was a trading company that emphasized market creation and manipulation in electrical power. The company, as it exists today, is but a shell of its former organizational structure.

Enron traces its beginnings to Northern Natural Gas Company and Houston Natural Gas Company. Northern Natural Gas was a natural gas pipeline company that started in Nebraska in 1930, while Houston Natural Gas began as a natural gas distributor in Texas in 1925.

Northern Natural Gas eventually renamed itself Inte...

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ENRON: HOW THE COMPANY GOT INTO TROUBLE. (1969, December 31). In LotsofEssays.com. Retrieved 13:44, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1688660.html