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Answer questions - Coursework Example

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1. After watching the movie, Enron: The Smartest Guys in the Room, it is my opinion that at Enron Corporation the upper management team was composed of bad apples and the entire barrel at the top was fulfilled with a rotten product. The conspiracy in this case traveled from the accountants, lawyers, even the bankers wanted the dream to be truth when in reality the entire scheme was nothing more than a ponzi scheme…
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2. The movies exposed the dark side of human beings. Capitalism was not the root of the problem at Enron Corporation. The unethical managers created a culture of greed at Enron. Everyone was fouled by the company due to the fact the investors which included thousands of employees thought the financial numbers of the company were legitimate. The upper managers created fake revenues in order to cook up the numbers. A company with ethically responsible upper management would not have suffered through the financial scandal Enron was exposed too. 3. One of the best ways to change the mentality of putting fast profits ahead of ethical behavior is by speaking out against unethical behavior and not supporting companies that are involved in unethical behavior. In the aftermath of the Enron scandal a law that helped bring back confidence in the marketplace was the Sarbanes and Oxley Act of 2002. 4. I believe energy prices should be regulated in order to ensure the customer gets the lowest possible price. In the open market companies are going to be looking to earn a reasonable profit. In government controlled regulation the state owned company can operate basically at cost. This helps lower the price of the electricity bill. ... Read More
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