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Essay / Research Paper Abstract
A 9 page discussion of the ethical implications of the Enron scandal of 2002. The author examines the developments within Enron in terms of the ethical and moral justification in the choices corporate executives make in life when they have different agendas from that of their companies. John Stewart Mill's theory of utilitarianism and Immanuel Kant's categorical imperative of reason are of particular benefit in this ethical examination. Bibliography lists 6 sources
Page Count:
9 pages (~225 words per page)
File: AM2_PPenron.rtf
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Unformatted sample text from the term paper:
understanding of and involvement in issues surrounding business ethics increased dramatically with the Enron scandal of 2002. Unfortunately, however, Enron appears to be just the tip of the iceberg
in terms of the problems which are now being revealed in the corporate landscape. There is, in fact, a wave of inappropriate corporate behavior wafting throughout the business atmosphere.
The developments which we see unfolding before us are particularly disturbing from a philosophical basis. The purpose of this paper is to examine these developments, particularly those surrounding
the Enron scandal, in a philosophic process which entails our quest for knowledge and ethical and moral justification in the choices corporate executives make in life when they have different
agendas from that of their companies. John Stewart Mills theory of utilitarianism and Immanuel Kants categorical imperative of reason will prove of particular usefulness in this ethical examination.
The details of the Enron scandal which unfolded in 2002 are now well-known to all. This corporation was not only responsible for the
blatant manipulation of the California energy market to intentionally create the appearance of a shortage of electricity so that the corporation could benefit from various government subsidies, it also cheated
millions of shareholders using questionable accounting practices designed to provide a biased view of company profits. When Enron collapsed it greatly impacted its investors in a manner which is
not only of economic significance but also of philosophic significance. The current business environment does indeed have much to occupy a philosophic process of analysis. Claybrook assesses
this situation noting that we are witnessing: "the rise and fall of a new generation
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