Enron Corporation (former NYSE ticker symbol ENE) Essay

Enron Corporation (former NYSE ticker symbol ENE) - Essay ExampleTh company did not hav accountability or transparncy to its sharholdrs it lid to thm. Th currnt status of th cas against th now dfunct Txas company, has not yt bn rsolvd. By 2001, it was rportd that Th company, whos main businss is nrgy trading, is in crisis following th trmination of a multi-billion dollar rscu manoeuvre (Wiss, 2001). It foldd as a rsult, but in its prim was considrd to b an innovativ company and industry ladr. nron at th hight of its powr contributd as much as $2.1 million in individual, P A C, and soft mony contributions to fdral candidats and partis this rankd it among th top 50 organizational donors in th 1999 2000 lction cycl (Wiss, 2001). Aftr th vry public f either of nron, nw accountability masurs bcam th stuff of xtrm mdia, public, and political scrutiny. If nron had had such masurs in plac initially, it arguably wouldnt hav falln. Discuss whthr nrons officrs correspondd within th scop of t hir authority. nron stayd in th nws long aftr th initial accounting scandal, as jury slction bgan for th cas of its x xcutivs Knnth Lay and Jffry Skilling. Ths individuals actd byond th scop of thir authority. ... Th bankruptcy court will likly allow th paymnts to stand (Winbrg and Cook, 2001). Knnth Lay is mor publicly associatd with th cas although his nam is oftn mntiond bsid Skillings, bcaus Lay is th individual who foundd th company in th first plac, whil Skilling was its CO. nron foundr Kn Lay and formr chif xcutiv Jffry Skilling hav suffrd anothr stback in thir fforts to hav thir trial at th nd of th month dismissd. US District Judg Sim Lak, who will b haring th fraud and conspiracy cas, thrw out allgations of misconduct by proscutors. Th pairs lawyrs hav bn arguing for months that proscutors hav hamprd thir dfnc fforts by intimidating ky witnsss (nron, 2006). Dscrib th corporat cultur at nron. Th businss cultur in which nron was stpd involvd unthical and non transparnt acco unting practics usd by th company. nron was calld out on corruption and its ladrs hav bn indictd for fraudulnt financial statmnts and businss practics. Ths causd its stock to plummt in valu whn th xtnt of corporat corruption at nron was rvald. Stakholdrs xpct thir documntation to b fairly authntic. Also involvd by proxy ar th othr nron xcutivs who got payoffs bfor th company wnt bankrupt, and th lowr lvl mploys who didnt s any of this financ coming thir way. Discuss two allgd irrgularitis in th actions btwn sllrs of scuritis and nron. Th problms involvd in