Enron and Ethics

Investigations with Enron scandals and how it is believed that the top head businessmen and women of Enron swindled money by improper decisions, which could have been avoided. A mix of bad judgments helped stimulate greed to the executives, which caused millions of dollars to be put into their own pockets. The executives provided false information and did not follow proper codes of the federal securities law. It is believed that the money was manipulated to push the blame onto others until the company collapsed and filed for Chapter 11.
“Chapter 11 is the reorganization of the process of correcting or elimination factors responsible for the distress of a business enterprise, thereby preserving both the enterprise and its value as a going concern.”(Mann & Roberts. p831) “The Securities Act requires that a registration statement be filed with the Securities and Exchange Commission and that it become effective before any securities may be offered for sale exempt from registrati...