hakan_ertas_enron - Hakan ERTA Please present your...

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Hakan ERTAŞ Please present your discussion on Enron in the framework of following: (post your  answers in this page in a word file) 1) Who do you think was responsible for the downfall of Enron? Was it only  one   or   couple   of   persons?   Or   do   you   think     there   were   more   than   the  management of Enron to be held responsible for this tragic event? Explain  shortly with your own words. First of all dishonorable actions and unethical behaviors of Kennie Lay, the former  CEO of Enron,  CFO Andrew Fastow and Jeff Skillings led to Enron’s bankruptcy.  Also any manager in Enron who knew of the bad transactions responsible for this.  Anyone in the auditing firm ( especially Arthur Andersen ) who violated any civil,  criminal or moral law or who violated professional standards. -   Lawmakers   and   regulators   inability   to   properly   regulate   the   accounting   and  reporting disclosures either due to a lack of funding or a lack of resolve.  Beside all of above I think One of the themes that runs through the Enron story is that  of human tragedy. Isn't what it tells us about Enron, but what it asks us about  ourselves.   The   Story   of   dark   side   of   human   nature.   Enron   was   a   place   that  encouraged people to mortgage their moral compasses, to cast off their conscience,  and rewarded them for doing it. It  stated with an anology  of psychological tests that  were shown in the movie , black-and-white clips from Milgram's 1961 experiment.  Milgram's research offered a disturbing insight into humanity that becomes a theme  for the Enron film: “People will suspend their moral values if offered a convenient  rationalization.” As we watched in the film “The company sat behind the screen,  pressing the button and sending shocks to the market, to electricity-starved California  consumers, to investment banks, to anyone who stood in the way of profit real or 
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hakan_ertas_enron - Hakan ERTA Please present your...

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