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Essay / Research Paper Abstract
5 pages in length. The writer discusses the Four I's as they relate to Enron, as well as what was at risk for the stakeholders. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCEnron.rtf
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Unformatted sample text from the term paper:
it is their inherent right as human beings to exercise whatever choices they see fit, in spite of the fact that their selfish actions may cause harm or damage to
others. Indeed, this is precisely the essence of social responsibility: to make a conscious effort to incorporate societys feelings as a whole, rather than merely focusing upon the singular
desires of oneself, which clearly reflects the individualistic point of view of Enrons top management. When the student identifies and examines the various governmental institutions directly involved with the Enron
case, the Securities and Exchange Commission (SEC) and the Auditor General are but two that will likely be a primary focus due to their influential affiliation with how corporations maintain
their books and operate within the investment market. Secondly, information in general has been the whistle blower Enron stakeholders needed in order to learn the truth. Once the
media gleaned this pertinent information, their collective efforts to expose the financial debacle served as catalysts to hastening legal action. Lastly, critics contend that Enrons interests -- natural gas
pipelines, commodity trading, (electricity, broadband capacity, weather futures, etc.) -- have not been fully disclosed to the companys stakeholders, leaving much room for the scandal that ultimately occurred.
"The contributions dwarfed what was at stake for Enron. In its energy trading in California alone, Enron stood to earn tens of billions of dollars" (Parry, 2002). II.
STAKEHOLDERS When the student discusses Enron as it relates to the detrimental impact of its stakeholders, it is important to appeal to all levels of implication. No longer are
stakeholders considered the upper echelon of investors; rather, the stakeholder theory introduced in the 1980s established that corporate obligation goes well beyond the standard investor. This new approach, which
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