Enron s Ceo Jeff Skilling Essay - 1025 Words

Enron executives Ken Lay and Jeffrey Skilling were found guilty of fraud and conspiracy. Andrew Fastow, Enron’s CFO, cut a deal in a plea-bargain in which he testified against his former bosses. The three of them have been called sociopaths. For instance, when Skilling took the stand he almost seemed humble, and assured his innocence, claiming that Enron didn’t do anything wrong. When Skilling was hired, the staff that he motivated as being innovative and independent, used accounting loopholes and poor financial reportings to hide billions of dollars in debt from failed deals and projects. Enron looks like the perfect illustration of the bad barrel bad apple disease. Enron’s CEO Jeff Skilling, pursued a culture that would push through the limits, â€Å"Do it right, do it now and do it better.† he used to say. Skilling encouraged employers to be independent and innovative. This gave rise to the pursuit of excellence, as executives worked to develop ways of preserving Enron’s success, when they unaware they were developing its downfall. Enron’s activities and decisions illustrate a range of characteristics discussed throughout the class, as being involved in institutional sociopathy. Lack of Empathy, for instance, which means the unwillingness of inability to recognize with the feelings and needs of others. Skilling embodies this characteristics, because he resigned his position when Enron, a company that he claimed he loved and cared for so much, was going bankrupt. Lack ofShow MoreRelatedThe Ethics Of The Enron Collapse Of Enron1366 Words   |  6 PagesCulture of Enron Before Enron bankruptcy it was one of America’s most powerful and successful energy companies. The company thrived and pushed to be number one no matter the circumstance, in this company’s case if it meant doing it illegally. 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