In just 15 years, Enron grew from nowhere to be America's seventh largest company, employing 21,000 staff in more than 40 countries. But the firm's success turned out to have involved an elaborate scam. Enron had lied about profits and stands accused of a range of shady dealings, including concealing debts so they didn't show up in the company's accounts. A chorus of outraged investors, employees, pension holders and politicians are demanding to know why Enron's failings were …
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showed last 75 words of 1351 total
…how politics, business, and greed all go hand in hand unfortunately and how corrupt corporate America is. More importantly though this scandal is but a wake up call to how we conduct business. How all business must be reevaluated and how ethics should be a part of all our transactions in all our business dealings. It calls for reforms across the board from the government, GAAP, the FASB, the SEC, and internally from businesses themselves.