The Enron Debacle

Paper Summary:

This paper discusses the historical past of Enron, its ultimate failure, and its Chapter 11 bankruptcy filing. Enron's current status as a ward of the bankruptcy courts and its plans for coming out of bankruptcy are also discussed in relation to its future operations and its present and past shareholders. The ethical lapse that Enron seems to have suffered is examined in depth in comparison to the prevalent literature concerning business ethics and ethical training. An action plan designed to correct Enron's ethical failings is included in this research as is a timetable for implementation.

From the Paper:

"Enron began without much fanfare as a distinctly staid and reserved company dealing explicitly with natural resources in the natural gas energy industry. Enron imploded with much fanfare as an energy commodities trade more reminiscent of an online stock brokerage than a staid energy company dealing with petroleum by-products. The story of how Enron went from point A to point B and where it needs to go presently is as much fodder for pulp fiction as it is for business school case studies. However, the business world would be hard pressed to find a better example in the annals of business literature to present as the epitome of why ethics not only belongs in the business world, but in business education, as well as in the general education system."

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