A Corporation With No Morals - 1036 Words

A Corporation With No Morals Some teenagers today, may not know what business ethics are. Well, business ethics is the difference between right and wrong in the business realm. There are so many companies with good business ethics but in our world we only hear about the companies with the bad ethics. One of those companies is called Enron. Enron is a gigantic corporation that deals with the electrical power in Dallas, Texas. Enron may have destroyed many people’s lives due to the company declaring bankruptcy. Enron’s collapse has devastated the world; especially the market place because no one thought that a corporation that big would ever fall. What the Enron executives did was morally despicable, lying to their fellow â€Å"blue collar† workers and not telling them the truth behind all of Enron’s debts. â€Å"In the space of five days last week, the story of Enron’s collapse went from the merely unusual to the truly baroque, with plot elements lifted from the pages of Robert Penn Warren and John Grisham† (Time Feb 2002 18). Enron executives have brought loads of controversy upon themselves. How does the seventh wealthiest corporation collapse? Why did it collapse? Who was behind all of this? Questions like these are wandering through investor’s heads who invested their money in this company. Enron was a corporation that was built up through loans or â€Å"fake money†. One would call it fake money because Enron really had no clue on how many debts they owed and howShow MoreRelatedThe Moral Responsibilities Within A Corporation971 Words   |  4 PagesCorporations can be large or small but they all have some sort of ethical impact on their employees, shareholders, customers, community, and surrounding environments. Richard DeGeorge writes, â€Å"We can speak of corporations having moral responsibilities to act in certain ways, and they are morally responsible for the consequences of their actions on people.† (p. 200). Large corporations are comprised of the board of directors, management, and their workers. They also deal with suppliers, customersRead MoreThe Moral Responsibilities of Multinational Corporations (MNCs)1617 Words   |  7 PagesMultinational companies like Caltex have a moral obligation to improve the living conditions of the citizens who l ive and work in those countries. 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The discussion that follows is about corporations being moral agents or otherwise; however I will reach a conclusion that corporations do have an obligation that extendsRead MoreCorporations Are Moral Agents and Have Obligations Which Go Beyond Obeying the Law.Doc1485 Words   |  6 PagesQuestion 4. It is overwhelming how corporations have embedded a social responsibility in their mission statements and company objectives. This leaves us with one assertion that is that corporations do have some level of obligation towards society’s morality; however, the corporation itself is not a moral agent (Klaus M. Leisinger). 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Businesses and Government are also involved in civilizationRead MoreThe Corporation Joel Bakan Presents Arguments872 Words   |  4 PagesIn the book, The Corporation Joel Bakan presents arguments, that corporations are nothing but institutional pathological psychopaths that are â€Å"a dangerous possessor of the great power it wields over people and societies.† Their main respo nsibility is maximizing profit for their stockholders and ignoring the means to achieve this goal, portrays them as â€Å"psychopathic.† Bakan argues that, corporations are psychopaths, corporate social responsibility is illegal, and that corporations are able to manipulateRead MoreDirty Money : Corporations And Crake959 Words   |  4 PagesDirty Money: Corporations in Oryx and Crake In the words of Theodore Roosevelt, â€Å"To educate a person in the mind but not in morals is to educate a menace to society†. Yet, as humans, we all too often forget our own histories, sacrificing morality in order to walk the precarious path towards scientific progress. In Oryx and Crake, written by Margaret Atwood, corporations are elevated to a status that transcends governance, in an ever increasing search of profit. In the process, the younger generationRead MoreEssay on Business Ethics1066 Words   |  5 PagesBusiness Ethics The statement has been made that ethics has no place in business and the implications of this statement and its inferring characteristics provide a complex issue in the operation of national and multinational corporations. Because ethical decision making is often not as profitable as choices that do not embrace ethical elements, the perspective has emerged that the nature of an effective business mindset inherently brings about unethical behavior. In order to consider