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At the time, it seemed like employees had little need to worry. PGE assured its employees with sunny words that Enron was doing well, and employees saw their investment portfolios growing. They felt assured that their futures were secure. After all, in August 2000, Enron's stock was $90.56. All of that changed in 2001.
The creators of Enron's house of cards were punished, but that is of little comfort to the individuals whose fates and futures were unwittingly ground under the wheels of history. They did everything right except trusting the wrong people, people who smiled and told them the stock was high, and to pay no attention to the men telling...
But no matter how harshly the perpetrators of the Enron fraud are punished, it is PGE employees will never recover what they lost.
Recently, I read of a New Jersey high school valedictorian whose acceptance to Harvard had been rescinded because of evidence she had plagiarized while a student. How could she have thought she could have gotten away with it, asked the newspapers? I knew it was arrogance -- the arrogance of assuming that because you have a little knowledge, even if it is only the knowledge of how to cheat, you are above the law and that your actions have no consequences.
The ordinary employees had no idea that PGE had joined the fortunes and the future of every employee with what would become one of the most notorious, fraudulent companies in American business history. At the time, it seemed like employees had little need to worry. PGE assured its employees with sunny words that Enron was doing well, and employees saw their investment portfolios growing. They felt assured that their futures were secure. After all, in August 2000, Enron's stock was $90.56. All of that changed in 2001.
The creators of Enron's house of cards were punished, but that is of little comfort to the individuals whose fates and futures were unwittingly ground under the wheels of history. They did everything right except trusting the wrong people, people who smiled and told them the stock was high, and to pay no attention to the men telling lies behind the curtains of accounting shenanigans. But no matter how harshly the perpetrators of the Enron fraud are punished, it is PGE employees will never recover what they lost.
Recently, I read of a New Jersey high school valedictorian whose acceptance to Harvard had been rescinded because of evidence she had plagiarized while a student. How could she have thought she could have gotten away with it, asked the newspapers? I knew it was arrogance -- the arrogance of assuming that because you have a little knowledge, even if it is only the knowledge of how to cheat, you are above the law and that your actions have no consequences.
Did he have the right to make such promises knowing that the company may be moving to Mexico? The simple answer is no. It was unethical to make such promises knowing full well that the company may be moving to Mexico. However, it is not always simple. He made the promises knowing that the company MIGHT move to Mexico. The negotiations are still ongoing so at the time the
Moreover, the researcher who falsifies the data is prone to legal action as has been the case in the past when researchers have falsified research results (Normile C, 2006). Therefore, in order to deal with this grave issue, it is important to ensure that the data being incorporated in the research paper has been properly handled and it is being reported correct. Ensuring this would satisfy the ethical standards
Ethical Failure Read the Encyclopedia of Ethical Failure. Select three of the violations discussed in the document. Explain the violation, including its U.S. Code, use examples from your own career or the document, and discuss the possible fines / imprisonment for the violation. Three possible violations of the Encyclopedia of Ethical Failure include: bribery, fraud and gambling / other contest guidelines. In the case of bribery, the guide forbids anyone from taking
Ethical-Legal Dillema in Advanced Nursing Practice Ethical-Legal Dilemma involving a Patient in Emergency Department (ED) The case study discussed in this paper presents ethical-legal principles in nursing which protects patient's privacy, confidentiality and security. Nurses have a professional obligation to protect the privacy of patients. Nursing Law and confidentiality define privacy as the right of patients to have their personal, identifiable medical information kept discrete and only accessible to the physician of
Ethical and Legal Issues in Ecommerce A Concise Definition of ecommerce Motivation for E-Commerce Ethical and Legal Issues in E-Commerce Enforcement of Legal Directives and Contracts Collecting and Securing Consumer Information Lack of Uniform Laws Copyright and Patent Laws Violation Taxation Other Issues: In Brief Privacy and Security 'Extinction' of Some Small Businesses Electronic Deception Language Issues Declaration During the last one decade, the internet has experienced unprecedented growth. Thanks to this increase in online activity, consumers and businesses from all over the world are
Ethical Problems in Business PRINCIPLE: Ethics may be termed as the inner guiding moral principles, values and beliefs people use to indicate and identify what is acceptable and appropriate behavior whilst straying away from the opposite (Jones, 2007). However each individual may perceive different behaviors as acceptable and appropriate depending on the individual's own self-interests, attitudes, beliefs and values. To dig further into the aspects of business ethics, it is primarily a notion for