Corporate Misconduct
Recently, there have been a multitude of high-profile corporate scandals involving companies that were once well-respected. Generally, these corporate scandals related to corporate loans to insiders as well as to insider trading and accounting scandals (i.e., over-inflating income in order to please Wall Street analysts and shareholders). Examples of companies involved in such scandals include Arthur Andersen LLP, Enron, Global Crossing, and WorldCom. Not only do these corporate scandals hurt a company's profitability and reputation, but such scandals also de-moralize society and result in financial difficulties for employees who are laid off.
This paper analyzes and examines high-profile corporate unethical and criminal conduct. Part II outlines Enron's corporate and individual unethical and criminal conduct. Finally, this paper concludes with recommendations for avoiding ethical dilemmas and criminal conduct.
ENRON'S CORPORATE AND INDIVIDUAL UNETHICAL AND CRIMINAL CONDUCT
Perhaps the most recent high-profile corporate scandal involving unethical and criminal conduct is Enron, a previously high-flying energy company that skyrocketed...
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