Resisting corporate corruption : lessons in practical ethics from the Enron wreckage / Steven V. Arbogast.

Format:

Book

Author/Creator:

Arbogast, Stephen V., 1948-

Series:

Conflicts and trends in business ethics.

Conflicts and trends in business ethics

Language:

English

Subjects (All):

Enron Corp--Corrupt practices--Case studies.

Enron Corp.

Business ethics.

Industrial management--Moral and ethical aspects.

Industrial management.

Physical Description:

1 online resource (278 p.)

Place of Publication:

Salem, MA : M & M Scrivener Press, c2008.

Language Note:

English

Summary:

As scandals at Enron, WorldCom, and elsewhere became public, American business schools came under attack for inadequate ethical formation of the country s up-and-coming managers. A less obvious but related problem has been the lack of realistic ethical training material. Now this author, a 32 year senior financial executive, has adapted the Enron story to address this pressing need. Drawing upon his own experience within a highly disciplined corporate culture, the author has extracted from the wreckage case studies that chart Enron s descent into fraud and ask students to consider how it could have been different. These 17 practical case studies don t just retell the Enron story they select pivotal moments when key individuals faced decisions that could carry the firm across another threshold of ethical decomposition. Students will get the opportunity to stand in the shoes of the young Ken Lay as he pondered how to handle Enron s first trading scandal. They will have the opportunity to consider how to oppose Jeff Skilling s plans to introduce Mark-to-Market accounting and Andy Fastow s ever-more aggressive use of Special Purpose Entities . Finally, they will have a chance to reconsider the tactics adopted by those who did resist. Was, for example, Sherron Watkins right to take her concerns to Ken Lay, or should she have made her case elsewhere?"

Contents:

Intro

Contents

Acknowledgments

Preface

Essay 1: Overview of the Case Studies and How to Approach Them

Case Study 1: Enron Oil Trading (A): Untimely Problems from Valhalla (A)

Essay 2: How to do an Ethics Case Study: Key Steps in Tactical Planning

Case Study 2: Enron Oil Trading (B): The Future of Enron Internal Audit

Case Study 3: Enron Oil Trading (C): An Opening for Enron Audit?

Essay 3: Necessary Ammunition - The Economic Rationale for Financial Control

Case Study 4: Enter Mark-to-Market (A): Exit Accounting Integrity?

Case Study 5: Enter Mark-to-Market (B): Accounting &amp

the Aggressive Client

Case Study 6: Enter Mark-to-Market (C): The Disease Spreads to Enron Clean Fuels

Case Study 7: Adjusting the Forward Curve in the Back Room (A)

Case Study 8: Adjusting the Forward Curve (B): Managing the Showdown Meeting

Case Study 9: Enron's SPE's: A Vehicle too Far?

Case Study 10: Jeff Skilling and LJM (A): The "Shoot the Moon" Meeting

Case Study 11: Jeff Skilling and LJM (B): Managing the Meeting's Aftermath

Case Study 12: New Counsel for Andy Fastow (A)

Case Study 13: New Counsel for Andy Fastow (B): Attorney Responsibility to Report Fraud

Case Study 14: Nowhere to Go with "The Probability of Ruin

Case Study 15: Lay Back...and Say What?

Case Study 16: "Whistleblowing" before imploding in Accounting Scandals

Case Study 17: Investigating Accounting Improprieties at Jayen Corporation

Conclusion: Ethics Lessons from the Enron File

A Note on Sources

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

1-281-78157-6

9786611781576

0-9802094-5-5

OCLC:

614496154