Enron's Ethical Dilemma
Enron's starting points go back to 1985 when it started life as an interstate pipeline organization through the merger of Houston Natural Gas and Omaha-based InterNorth. Kenneth Lay, the previous CEO Officer of Houston Natural Gas, became CEO, and the following year won the post of administrator. (CBC News, 2006.)
Enron is an example of corporations that has faced bankruptcy in the recent past because of the numerous problems it had with federal and state governments for manipulation of financial statements. While these problems are not only attributed to organizational issues, accounting firms are also blamed for such incidents. Enron's bankruptcy is mainly attributed to ethical and moral issues experienced by the firm's management and leadership
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