The Enron Dilemma And Catholic Social Teaching - 1573 Words

The Enron Dilemma and Catholic Social Teaching The business world is an interesting environment that is often described as heartless and cutthroat. However, while it is described that way, ethics do still apply to the business world. Companies and corporations are expected to adhere to the ethical code that has become engrained in business world. Unfortunately, however, despite the existence of that expectation, some companies and corporations do not always act in an ethical manner. Enron is an example of one of those ethically challenged corporations. In this paper, a brief summary of the Enron scandal will be provided and an analysis utilizing the principles of Catholic Social Teaching (CST) will be conducted. Through the analysis, it will become apparent that Enron’s actions definitely conflicted with several CST principles. Jumping right into the summary then. Enron was one of the most successful corporations in America during its prime. Marketing electricity and other commodities, as well as, providing financial and risk management services to other companies were the main types of business that Enron conducted. However, Enron’s successful appearance was found out to be a faà §ade, when it came out that the corporation was making a plethora of unethical business moves. Once the corporation’s actions became public, Enron’s fall from grace quickly followed. (Johnson, 2003) The year 2001 is really the year that Enron’s rapid stumble from the top occurred. It was in 2001Show MoreRelatedWhy Should We Be Ethical? the Relevance of Ethics in Life8703 Words   |  35 PagesJayntwin Katia, PGP/15/224 Why should we be ethical? - The importance of ethics in life Abstract As Albert Schweitzer puts it â€Å"Ethics is nothing else but reverence for life†. The introduction of ethics in our life is an unconscious process but the dilemma that it creates leaves us with a lot of introspection to do. 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