Case Study Tyco

Running head: CASE STUDIES: ENRON AND TYCO elusion Studies: Enron and Tyco Charlene Gibbons Grand commandment 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 destination of Enron loan to its bankruptcy? I notion that pride ran intricate deep down the corporate culture of Enron. I suppose 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 endangerments of ruin or corporate disaster. Enrons corporate culture set 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 allowance plans. These plans tended to show that the corporation was less interested with providing pro fits for sh arholders, and more(prenominal) interested in providing wealth to the executives within the organization. With this information proper public, I feel that this behavior assisted in the oddment of Enron, leading to the file of bankruptcy. 2. Did Enrons bankers, auditors, and attorneys contribute to Enrons demise?

If so, what was their contribution? Auditors argon responsible for making certain the native 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 fi nancial soundness prior to investing in the ! company, as well(p) as by investors that held Enron stock to determine if they would reside investors or not. Many Enron executives admitted to wrongdoings leading to destruction of the company (Ferrell, et. al. 2010). thereof the deprivation of accurate auditing and scandalous behavior did assist it the declination 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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