Ethics, Courage and Discipline: The Lessons of Enron

Robert C. Kennedy

Chapter 13 in Enron and World Finance, 2006, pp 206-216 from Palgrave Macmillan

Abstract: Abstract The ethical challenge facing us in the wake of the Enron scandal is not one of analysis. The problem at Enron, as with the problems that emerged at Tyco, Parmalat, Adelphia, Worldcom and other prominent corporations, was not one of isolated bad judgement. At Enron, as at the other companies, there were patterns of behaviour that were widespread, persistent and systemic. While perhaps they did not always disobey the letter of the law, Enron’s executives quite deliberately and cleverly violated the spirit of the law, to say nothing of their fiduciary duties as professionals. They engaged in many acts of deception and manipulation, enriched themselves at the expense of their shareholders and employees, and corrupted or intimidated the people who might have prevented these abuses.

Keywords: Business Ethic; Business School; Practical Wisdom; Moral Virtue; Moral Vision (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51886-5_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230518865

DOI: 10.1057/9780230518865_13

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().