Sample Essay on:
The Enron and Martha Stewart Cases Compared

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Essay / Research Paper Abstract

This 4 page paper examines each of these important cases, comparing and contrasting crimes and punishments. Details of sentencing are relayed. Bibliography lists 3 sources.

Page Count:

4 pages (~225 words per page)

File: RT13_SA713Enr.rtf

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Unformatted sample text from the term paper:

as it suggests that crime should be punished so that there is a deterrent effect. In other words, if there is a harsh punishment, people will think twice about committing a particular crime. Martha Stewart for example was a victim of this line of thinking. She broke the rules and was punished in the extreme. This way, others who might dabble in stocks might think twice before lying to a committee. Because it is believed that Stewart was made an example, people feel sorry for her. After all, her crime was not the same type of thing that Enron executives engaged in. At Enron, people lost their life savings in terms of their investments and pension plans. With the Stewart case, no one really lost anything. Arguably, because Stewart had privileged information when she made her deal, those who were not privy, were harmed, but this is different from Enron where people were substantially hurt. Longenecker, Moore, Petty, Palich & McKinney (2006) write: "In the wake of recent, well-publicized ethical failures, public attention and the concern of leaders in business and government have focused on the moral climate of corporate America. This awareness and concern is raising expectations for ethical behavior, including those codified into law ...and creating societal pressures for reform" (p. 167). Indeed, the world is changing and more attention is paid to unscrupulous business moguls who have committed egregious errors. Yet, in examining the Enron and Stewart cases, there is a world of difference. The trials and punishments to be dished out in these cases seem fair. Martha received much less time than Enron players but her crime is not as serious. Some think Martha should not have been punished at all, but then, would it be fair to let her off the hook completely ...

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