The University of South Florida The Enron Scandal Case Study

User Generated

uryyb820

Business Finance

The University of South Florida

Description

How do you feel about ethics in finance and business?
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Most people agree that ethical behavior is very important in the area of finance and business, and yet in recent years we have seen cases of extremely corrupt actions by US corporations and individuals. In this reflection assignment, you will review a case study on unethical behavior and be asked to discuss it, along with how you feel about the importance of ethics in the world of business.

In this two-part assignment, you will first pick one of the case studies below (you are free to watch them all if you like). Then you will answer the reflection assignment questions about the case study of your choice. All of these cases were mentioned in the first presentation for this module, and are classic examples of unethical behavior that have occurred within your lifetime.

The AIG Scandal

The Enron Scandal

The Lehman Brothers Scandal

The Bernie Madoff Scandal

The WorldCom Scandal

Part 2: Answer ALL 4 questions below

For one of the above videos, answer all of the questions below in your own words (200 words or more). There are no wrong answers, but you must justify your opinions. Your answers must be well thought out, and well-written. HINT: Try to put yourself in the shoes of the people that were affected as you answer certain questions.

  1. Which case study video did you watch, and why did you choose it over the others?
  2. Discuss the unethical behavior that occurred in this case. Specifically, what made it unethical?
  3. As an employee, investor or taxpayer at that time, how would this make you feel? What would you do about it? Can you do anything about it?
  4. If you were the person responsible for this situation, what do you feel would be a just punishment for your actions? Hint: Describe the punishment that was given, and then discuss if it was harsh enough. Consider your family and friends, and how they would have been affected by your actions.

Your score will be determined by your word count (200 word minimum), completely answering all questions, the accuracy of the information you provide, and how well-written your answers are. To submit this assignment, simply type your response in the text entry box, as this assignment is TEXT ENTRY ONLY. Turnitin has been enabled for this assignment.

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Explanation & Answer

Attached.

1
Running head: THE ENRON SCANDAL

The Enron Scandal
Name of Student
Institution Affiliation
Date

2

THE ENRON SCANDAL
The Enron scandal
I watched the Enron case study. I chose the Enron case study, and the reason I chose the
case study is because it is something that I have ever heard about. The Enron scandal attracted too
much attention around the country because it was ranked as one of the best performing businesses.
However, within a short period of time, the company made headlines all over the country due to
the corporate frauds that existed in the company. Besides, the headlines talked about the company
losing billions of money, and the employees losing their pension benefits due to the fraud that
happened. Apart from familiarity with the Enron case, another reason I chose to Enron as my
primary case study, is because I found the case of unethical behavior at work quite interesting.
When I heard about the Enron case and the attention it had caused, I had no idea that the company
had lost 74 million dollars. I decided to take a more in-depth look into the case study while giving
i...


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