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Essay / Research Paper Abstract
This 4-page paper discusses Enron's performance review committee (PRC) and measures it against Kidder's Ethical Checkpoints. Bibliography lists 2 sources.
Page Count:
4 pages (~225 words per page)
File: AS43_MTethienro.rtf
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Unformatted sample text from the term paper:
In this particular situation, well examine Enron as an example of a contemporary ethical issue. Certainly there has been enough about this company, from an accounting perspective, to keep
the ethics academicians busy for years to come. But the aspect well examine in this particular paper is that of the performance review committee, also known as the PRC.
The PRC was the brainchild of COO Jeffrey Skilling, who initiated it as an employee ranking committee (Thomas, 2002). Based on the 360-degree
feedback system, the PRC was supposedly based on Enrons values of respect, integrity, communication and excellence (RICE) (Thomas, 2002). This seemed great in
theory. But the reality was vastly different. Employees were ranked on a scale of 1 to 5, with 5 being the lowest (and, as it turned out, meaning that associates
would be fired within six months) (Thomas, 2002). The lower scored employees were those who were closer to Skilling and the ones who were known as doing deals - and
posting earnings (Thomas, 2002). This ultimately led to fierce internal competition, with earning potential and immediate gratification being stronger than anything else - secrecy was the order of the day,
as was dishonesty and shady deals (Thomas, 2002). Out of fear for being shown the door because of the PRC, in other words,
associates became dishonest and did what they could to ensure that their deals were going to make the company a lot of money; even if it involved defrauding individuals, being
secretive about contracts and lying about their worth. Lets apply Enrons PRC to Rushworth Kidders Ethical Checkpoints. Kidder, an ethicist, pointed out
...