Ethics - Enron Corporation Founded in 1985 An energy...

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Enron Corporation Founded in 1985 An energy company(electricity, natural gas, pulp and paper, communications) Employed around 30,000 Revenues of $111 billion in 2000 Summer:2000 stock value was $90 Voted 6 years in a row as the most innovative company by Fortune magazine Bankrupt at the end of 2001 Ask Why? Loss 1 billion on a plant in India Enron Key Players Jeff Skilling: CEO of Enron in 2001, convinced mark to market accounting practises (put a future transaction on the books today, when in fact no deal could go through) Kenneth Lay: founder Andrew Fastow: CFO, created his own companies and hid assets Sherron Watkins: Executive and whistleblower Pie: left with 250 million Enron Issues Faulty accounting Fastow’s off shore enterprises Major Republican in 2000 Rolling blackouts in Cali Key players took out 1 billion in last few months 2 billion in employee pension funds disappeared Ethics, Social Responsibility, and Diversity Business Ethics and Social Responsibility Ethics: moral beliefs about what is right and wrong.
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Ethics - Enron Corporation Founded in 1985 An energy...

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