Discussion question help

timer Asked: May 21st, 2015

Question description

Please make each answer 75-100 words and also please have question above your answer.

1. What are some examples of ethical decision making that occur in your past or present job or industry? What are some of the challenges to business ethics faced in today's business environment? Provide examples.

2. Enron was involved in energy trading and when Congress deregulated the energy markets, Enron began the practice of acting as a sort of energy bank by purchasing energy at discount rates and selling it to markets with a where the demand was greatest for energy while retaining the difference as profits.  Following deregulation, Enron's business model became highly profitable virtually overnight and Enron used these profits to add on additional business ventures that complemented their energy trading business, including technology companies (providing convenient hiding places to disguise losses incurred by other Enron entities). Enron's rapid growth made their stock highly attractive and seemingly low risk---Enron's executive management's compensation shot up in to the tens of millions of dollars based on stock options in the company while top-level management and the board of directors received generous bonus compensation packages.

What did Enron do and how did they get caught?

3. As Enron Corporation's financial difficulties became public, Arthur Andersen, Enron's auditor, instructed its employees to destroy documents pursuant to its established document retention policy. Andersen was indicted under a federal statute that makes it a crime to "Knowingly...corruptly persuad[e] another person...with intent to...cause" that person to "withhold" documents from, or "alter" documents for use in, an "official proceeding." The jury returned a guilty verdict, and the Appellate court affirmed, holding that the district court's jury instructions properly conveyed the meaning of "corruptly persuades" and that the jury need not find any consciousness of wrongdoing in order to convict.

Were the jury instructions correctly submitted in that the jury need not find any consciousness of wrongdoing in order to convict Andersen?

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