Here is the synopsis of our sample research paper on THE ETHICS OF ENRON AND WORLDCOM. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5-page paper supports the thesis that corporate crime doesn't pay, and uses Enron and WorldCom as examples of how supposedly "legal" accounting practices spelled doom for both of these companies -- meaning the end didn't justify the means. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTetenwo.rtf
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Unformatted sample text from the term paper:
top becoming too greedy, with the result being the failure of both companies. To most, its an open-and-shut case. Enron and WorldCom behaved unethically when it came to dealing with
everyone from Wall Street investors to their own employees. The difficulty in declaring both of these companies moral failures is that, in
the eyes of pure accountants and financial wizards, they did nothing wrong (Klinger and Sklar 16). What Enron and WorldCom did is typical business practices for other firms (Klinger and
Sklar 16). Enron simply hid its huge debt off the books in several partnerships, while WorldCom was busy using other methods to hide its debt as well. Coca-Cola, for example,
tied employee retirement funds to company stock and allowed the same employees to take the fall when the stock dropped (Klinger and Sklar 16). Meanwhile, EMC Corporation put together its
board of directors from insider and friends who supported lavish compensation for executives while not inquiring too closely about financials of the business (Klinger and Sklar 16). Then there is
the question of excess compensation, which almost every corporation can lay claim to. Although technically what both corporations did was legal, the outcome ended up destroying everyone from shareholders to
employees - and even the economy. In the end, no one has benefited from either situation, because the methods were done in secrecy and for all of the wrong reasons.
In discussing Enron, on the surface, the reasons for the companys crash are simple - greed took place in an atmosphere of
"market euphoria and corporate arrogance" (William 41). In such a atmosphere, people simply didnt want to believe in a worst-case scenario and instead, preferred to believe that the company was
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