Thursday, April 4, 2013

The unethical practices of Enron through appeals to logos, pathos, and ethos (logic, emotion, credibility).

Enron Speech

Society is fundamentally based upon performance and profit. It is therefore necessary to direct a sense of corporate neighborly responsibility. The events in the business sector world over the past few months, such as the bankruptcy of Enron Corporation, induce raised one insurmountable heading: Should the government regulate corporate accounting? The answer, quite plainly is, yes. The ethical approaches of purpose, principle, and consequence ar integral components of business social performance; itemizing these contributions involves incorporating the interests of ethics and morality within the corporate structure. These are essential concepts that are often absent from a managerial standpoint. Corporate social responsibility should exist within either societys infrastructure; however, social integrity is not something that is often at the forefront of modern day business dealings. Ethics, business, and society mustiness work in tandem or there is no purpose for any of its existence. Unethical practices are what create a climate of contempt, doubt, and distrust.

I am confident that most of us ingest knowledge of what Enron did. The energy giant overstated its profits, lied intimately the amount of debt that it has, forced employees to purchase its stock without the possibility to apportion in order to inflate the market value of the stock, and the be on of directors have participated in illegal insider trading.

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Moreover, The accounting firm Arthur Andersen make all those terrible actions possible.

What interests me is that this is not an isolated event. Numerous companies have very questionable accounting records like Enrons. Some examples take on Global Crossing, Xerox, Krispy Kreme Doughnuts, and even IBM. The reason why many individuals do not know about the questionable accounting practices of these opposite firms is that they are focused on the plight of Enron, the first company to fall, and the largest bankruptcy in corporate America, totaling $48.9...

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