Resisting Corporate Corruption

Resisting Corporate Corruption

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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?As is emphasized throughout this book, this kind of tactical planning forms part of how students should approach every case. For a semester course, students should begin by reading Essay 1, which provides an overview of the recommendedanbsp;...

Title:Resisting Corporate Corruption
Author:Stephen V. Arbogast
Publisher:M & M Scrivener Press - 2008-01-01


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