Case Study Tyco

Running head: CASE STUDIES: ENRON AND TYCO scale Studies: Enron and Tyco Charlene Gibbons Grand regulation University Business Ethics BUS 604 Michael Duckworth August 25, 2010 Case Studies: Enron and Tyco Case 3 - The fall of Enron: A Stakeholder Failure: 1. How did the somatic glossiness of Enron loan to its bankruptcy? I notion that pride ran loggerheaded deep down the corporate culture of Enron. I confide that the Enron Corporation and its executives tangle that they were operating at such a higher spot in the business world, they were operating without regards to the lucks of adversity or corporate disaster. Enrons corporate culture fixed its attention on the executives in the weed and the amount of cash that could be do for them (Ferrell, O. C., Fraedrich, J., & Ferrell, L. 2010). This is shown through the evaluation of Enrons wages plans. These plans tended to show that the corporation was less interested with providing profits for sh arholders, and more(prenominal) interested in providing wealth to the executives within the organization. With this information bonny public, I feel that this behavior assisted in the waitder of Enron, leading to the file of bankruptcy. 2. Did Enrons bankers, auditors, and attorneys contribute to Enrons death?

If so, what was their contribution? Auditors argon responsible for making certain the intimate books and financial statements are accurate; this was also true for Enrons auditor, Arthur Anderson. The reports kept by Anderson was used by to evaluate the risk/reward benefits and financial soundness prior to investi ng in the company, as well(p) as by investo! rs that held Enron stock to determine if they would remain investors or not. Many Enron executives admitted to wrongdoings leading to destruction of the company (Ferrell, et. al. 2010). and so the deprivation of accurate auditing and scandalous behavior did assist it the hastiness of Enron, in my opinion. 3. What role did the chief financial...If you want to get a wax essay, order it on our website: BestEssayCheap.com

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