LAW ESSAY ON Enron: Smartest Guys in the Room
Watch “Enron: Smartest Guys in the Room,” and then respond to the following questions about the content of the film.
1. What was Enron? What was its product or service? What business practices was Enron engaging in that created its ultimate demise in bankruptcy?
2. Discuss the attitude of management towards ethical conduct in business. Provide examples of this attitude from the documentary. What ethics perspective would characterize management’s attitude towards business decision making? Be sure to properly define the perspective and explain your answer.
3. What are some regulatory changes that occurred in the wake of the Enron bankruptcy? How do you think these changes would deter a company in the future from taking the same path as Enron?
4. What steps can be taken to prevent another fraud such as was involved with Enron?