Question

Which Enron executive do you believe was most at fault in contributing to the fall of...

Which Enron executive do you believe was most at fault in contributing to the fall of Enron?

Homework Answers

Answer #1

The company went into the scandal and reported huge losses to the shock of their investors and the economy. It was a deed, not done by one person alone, rather it involved whole top management, board of directors and CEO of the company. Though, it is the first responsibility of the CEO to steady the ship of Enron, but he could not do it properly. So, it can be said that top CEO was leading the group of fraud people who led to the demise of people. So, it was first Jeffrey Skilling and then, it was Kenneth Lay who should be held most responsible as they knew the scandal and scams going on, but could not act judiciously to save the company.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Do you believe that China is contributing to American economic problems? Explain using relevant trade theories....
Do you believe that China is contributing to American economic problems? Explain using relevant trade theories. PLEASE NO ANSWERS FROM OTHERS
Answer the following questions about the Enron scandal. 1. Explain mark-to-market accounting in your own words...
Answer the following questions about the Enron scandal. 1. Explain mark-to-market accounting in your own words (1 Point). What role did mark-to-market accounting play in the Enron scandal (2 Points)? 2. Describe the culture and tone at the top at Enron using specific quotes from the book (3 Points). How did the tone at the top at Enron contribute to the downfall of the company (2 Points)? 3. How does the fraud diamond apply to Enron? Make sure to use...
Discuss the three elements of emotion. Which of these three elements do you believe is most...
Discuss the three elements of emotion. Which of these three elements do you believe is most important and why?
Which components of a lease are likely to be most negotiable? What do you believe are...
Which components of a lease are likely to be most negotiable? What do you believe are the most important factors a person should consider when selecting housing? What are some common mistakes a person might make when renting an apartment or other housing?
Which do you believe is most important for a company's competitive advantage: internal consistency or market...
Which do you believe is most important for a company's competitive advantage: internal consistency or market competitiveness? Explain your answer.
There are 8 dimensions of effective Microsystems. Which two (2) do you believe are the most...
There are 8 dimensions of effective Microsystems. Which two (2) do you believe are the most important and why? Please provide examples to illustrate your position. Don’t forget to cite sources to support your position.
There are 8 dimensions of effective Microsystems. Which two (2) do you believe are the most...
There are 8 dimensions of effective Microsystems. Which two (2) do you believe are the most important and why? Please provide examples to illustrate your position. Don’t forget to cite sources to support your position.
What do you think were the underlying causes of the Enron scandal?
What do you think were the underlying causes of the Enron scandal?
Do you believe consumers have rights? Of those listed on page 336 of the text, which...
Do you believe consumers have rights? Of those listed on page 336 of the text, which do you believe is the most important right? Why? Would you add another right? If so, what would it be? Explain.
What do you think could have been done to prevent the Enron scandal?
What do you think could have been done to prevent the Enron scandal?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT