CJ403 Final Research Paper Example | Topics and Well Written Essays - 2000 words

CJ403 Final - Research Paper ExampleIn this paper, the author examines the Enron Corporation scandal by looking at some ethical principles and theories. By using such frameworks, it is hoped that a deeper analysis of business practices can be arrived at, one that clearly outlines the need for request pertinent questions about moral conduct in a sector of society that is undeniably susceptible to unethical behavior.The Enron Corporation initiated various corporate manner that, at the time, were seen as bold and perhaps even revolutionary. This was especially true when Jeffrey Skilling, former Enron CEO, came on board upon impressing founder and deregulation advocate, Kenneth Lay, with his consultancy capabilities. Prior to the Skilling phase of the company, Enrons traders had been maneuver without restraint using company funds, but with the knowledge of Kenneth Lay. Even with investigations and reports of misappropriation of funds, Lay intimated to traders to further continue gener ating money for the company. However, as is the nature of gambling, luck is bound to change. Enrons traders soon gambled all of the companys reserves. Nevertheless, the company survived and went on to employ Skilling. It was Skillings idea to utilize mark to market accounting, that is, the use of future projections to book earnings on deals that actually never made anything. This idea essentially opened up the company to unscrupulous practices, paving material the way for fraudulent profit reports. Enron was also one of the first companies to form what they called, a Performance Review Committee, whose job it was to ensure that all employees were delivering the results that the company evaluate from them. This had the effect of pressuring employees to perform well, but had the unsavory consequence of pushing employees to adopt and utilize less than ethical conduct. By positioning itself as a cordial of energy broker, Enron put up a number of businesses that, in reality,