Case Study Tyco

Running head: CASE STUDIES: ENRON AND TYCO consequence Studies: Enron and Tyco Charlene Gibbons Grand order 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 grow of Enron loan to its bankruptcy? I notion that pride ran dark deep down the corporate culture of Enron. I entrust 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 ventures of ruin or corporate disaster. Enrons corporate culture primed(p) its attention on the executives in the weed and the amount of property that could be do for them (Ferrell, O. C., Fraedrich, J., & Ferrell, L. 2010). This is shown through the evaluation of Enrons compensation plans. These plans tended to show that the corporation was less interested with providing profits for s h arholders, and more(prenominal) interested in providing wealth to the executives within the organization. With this information worthy public, I feel that this behavior assisted in the dying of Enron, leading to the file of bankruptcy. 2. Did Enrons bankers, auditors, and attorneys contribute to Enrons decease?

If so, what was their contribution? Auditors argon responsible for making certain the upcountry 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 investing in the company, as well(! p) as by investors that held Enron stock to determine if they would hold on investors or not. Many Enron executives admitted to wrongdoings leading to destruction of the company (Ferrell, et. al. 2010). indeed the deprivation of accurate auditing and scandalous behavior did assist it the fall 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: OrderCustomPaper.com

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