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Enron
 

Enron

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    Enron Enron Presentation Transcript

    • ENRON: The Business Failure Critical Analysis Presented by-: Prabhat Mani Tripathi
    • Overview
      • Background of Enron
      • Source of Enron’s problems
      • Ethical dilemma
      • Controversies happened
      • Moral theories
      • Conclusion – Who’s to blame?
      • Sources
    • Background of Enron
      • Once the 20 th largest company in the world
      • Enron dealt mainly with energy and international trade
      • America’s largest supplier of energy
      • Dealt with many overseas companies involving millions of dollars
    • The source of Enron’s problems
      • Enron started to collapse in June, 2001
      • Used poor accounting procedures
      • Failed to record all assets on balance sheets
      • This problem was compounded thousands of times
    • Graph of Enron’s stock prices in 2001
    • Ethical dilemma
      • Stockholder reports inform public about financial information and business transactions
      • Enron officials did not notify public about accounting practices
      • Should Enron have informed the public/stockholders?
    • First side – Corporate Officials
      • These include Ken Lay, Jeff Skilling, and Andrew Fastow
      • Believe Enron was great for economy
      • Circulated money, provided jobs, dealt with international companies
      • Did not inform public in order to keep Enron in business
    • Public/Stockholders
      • Believed they should have been informed about accounting practices
      • Most lost all of their retirement funds and investments
      • One lost over $700,000 in retirement funds invested in Enron
    • Conclusion
      • Enron should have informed public in stockholder reports
      • Many would have saved all their money
      • If Enron was more closely regulated, could this have been prevented?
      • Enron scandal should be a lesson for future businesses involving ethical dilemmas.