GBE #2

The Enron scandal was one of the largest falls of a company of all time. Enron at its peak sold for $90.75 a share and then dropped to $0.26 a share after declaring bankruptcy. The way that the company ran into this problem was because of the personal ethics  of the company’s CEO.The CEO Jeferey Skiling hid the financial loses using market to market accounting. They manipulated the numbers claiming the fair value was higher than the actual cost. This is important to personal ethics because depending on what someone's personal ethics are determines how they will run into problems and if they will follow the rules and laws of a country.

A company that ran into problems when it came to environmental pollution issues was Volkswagen. Volkswagen lied about the figures when emissions testing was being conducted. The way that they did this was by installing a device to trick the system into thinking that the cars did not emit as much carbon dioxide as it did. This is important because it shows how companies try to get around the rules and the lengths to which they go in order to achieve it.

Segal, Troy. “Enron Scandal: The Fall of a Wall Street Darling.” Investopedia, Investopedia, 26 Sept. 2018, www.investopedia.com/updates/enron-scandal-summary/.

Hotten, Russell. “Volkswagen: The Scandal Explained.” BBC News, BBC, 10 Dec. 2015, www.bbc.com/news/business-34324772.

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