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This 5-page paper tries to answer the question of whether there can be such a thing as business ethics in the post-Enron world. Bibliography lists 4 sources.
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5 pages (~225 words per page)
File: D0_MTbsehex.rtf
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Unformatted sample text from the term paper:
to their knees. As bankrupt employees and investors wondered what happened to their savings and investments, everyone, from corporate executives to government officials, pointed angry fingers at one another, determining
the cause of the meltdowns. In retrospect, the meltdowns occurred among WorldCom, Enron, Global Crossing, Adelphi and so forth because of greed
and a lack of ethics. In response, the government attempted to "legislate" ethics through passage of regulations such as the Sarbanes-Oxley Act of 2002. In addition, the accounting professions came
under harsh scrutiny. The question we raise here, however, is whether this is enough. Can there be an ethical climate in the wake
of Enron and WorldCom? Can we bring ethics back to business? On the surface, the answer might seem to be "no." Gunn points
out that power corrupts, and corrupts absolutely, though this isnt necessarily a new thought. "Managing is a 24-hour a day job," he points out, "so why cant certain latitudes be
taken?" (Gunn, 2004, 9). Why not indeed? In truth, businesses have been taking, to a lesser extent, such latitudes over the years -
its only when they get caught with their hands in the cookie jar, so to speak, that suddenly there is the desire to become better. Enron, WorldCom and Global Crossing
are extreme examples of latitude to excess, however. Is there an answer here then? Gunns contention is that managers only need to remember
the "Golden Rule," treat others as you yourself would like to be treated, and all will be fine (Gunn, 2004). The main problem with the Golden Rule is that it
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