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Essay / Research Paper Abstract
This 6 page paper discusses the Enron scandal with regard to the actions of the company's senior management personnel; it also asks if Enron's security professionals were aware of the malfeasance, and what they could have done to bring it to the attention of the proper authorities. Bibliography lists 6 sources.
Page Count:
6 pages (~225 words per page)
File: D0_HVAnEnrn.rtf
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Unformatted sample text from the term paper:
its operating methods and the companys ethics, as well as its connections to the Bush administration. This paper discusses the Enron scandal with regard to the actions of the companys
senior management personnel; it also asks if Enrons security professionals were aware of the malfeasance, and what they could have done to bring it to the attention of the proper
authorities. Discussion There is so much material on Enron that its difficult to summarize it effectively; well have to look at just the main point. One of the biggest scandals
centers on Kenneth Lay, who was CEO and Chairman of Enron from 1986 until he resigned in 2002, after the scandal broke (Kenneth Lay, 2006). For a few months in
2001, Lay was chairman and Jeffrey Skilling acted as CEO (Kenneth Lay, 2006). The overall Enron scandal is this: company executives lied, used "creative bookkeeping" and other means
to hide the fact that the company was going under. The charges are that Lay, Skilling and others knew Enron was in trouble and decided to grab everything they could
and get out before others became aware of how serious the situation was. The accusations of wrongdoing include not only Enron officials but people at Andersen Accounting, which kept Enrons
books. The charges against Lay are that "he knew his company was failing in 2001 when he sold millions of dollars in stock and urged investors and employees to buy
more. The government accuses Lay of standing at the top of a scheme to mask more than $7 billion in losses and increasingly severe debt problems at Enron in the
latter half of 2001" (Johnson, 2004). Enrons collapse became a "financial disaster" that was the "signature scandal of the 1990s stock market bubble" (Johnson, 2004). Lay claims that he didnt
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