Ethical Issues in Today’s Business World
Case 3: The Fall of Enron: A Stakeholder Failure
1. In a narrative format, discuss the key facts and critical issues presented in the case.
2. Enron resulted in significant legislation to prevent future ethical misconduct. Do you think that Sarbanes Oxley has been effective in managing the risks exposed through Enron, Arthur Anderson, Worldcom, etc.?
3. Do you believe we will see a new wave of legislation to prevent ethical misconduct as a result of our current global financial crisis? If so, do you think it can effectively manage these risks?
4. If you had been Ken Lay, how would you have established a system to assist you in managing the ethical culture of the organization (considering you employed 30,000 in 30 countries) and prevent the misconduct that occurred?
*NOTE: Please answer each question with the minimum word count of 250-300 words. Review attachment for Case 3 found on page 28 to 42, and answer each question thoroughly. Place answers underneath each question so I know how to break it down, total of 4 questions. Use APA format to include in-text citations and a reference page. Use the attachment as a reference as well. Let me know if you have any questions or comments.