The Enron Scandal

        The Enron Scandal is considered to be one of the most notorious within American history (Easy Guide to Understanding ENRON Scandal Summary, n.d.).  Enron was an American energy, commodities, and Services Company based in Houston, Texas which began in 1985.  Enron was formed from the merger of a Nebraska pipeline company known as InterNorth and Houston Natural Gas.  During the merger Enron gained a lot of debt in which the company came up with new and innovative strategy and started a new division called Enron Finance Corporation. (Thomas, 2002)  

Ethics

Greed is not unlawful but rather it can drive a partnership to perpetrate wrongful doings and in the end wrongdoings. The driving variable for Enron's situation was ravenousness amongst others. Businessmen, paying little mind to their position in the order, ought not look for individual increase to the detriment of shareholders, as seen on Enron's case. Due to greed, they were directed to manipulate the books and give false financial related data. Such choices were taking into account malignance and carelessness. From an untruth, they discovered themselves needing to conceal another falsehood, and after that another. More often than not, it is not about what is illicit yet rather what is the legitimate thing to do. In addition, doing the legitimate thing can never get an organization into lawful inconvenience. By the day's end, a business substance is a group of individuals working towards the same objectives. The absence of ethics, code of morals, and support of the code can just prompt the demise of a corporation.

References

Easy Guide to Understanding ENRON Scandal Summary. (n.d.). Retrieved from LAWS: http://finance.laws.com/enron-scandal-summary

Thomas, C. W. (2002, Apri 1). The Rise and Fall of Enron. Retrieved from Journal of Accountancy: http://www.journalofaccountancy.com/issues/2002/apr/theriseandfallofenron.html