The Case Of Enron's Corporate Social Responsibility?

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Corporate social responsibility is an altruistic deontology established as a self guiding framework structured to establish trust across a range of stakeholders. The intent to uphold corporate social responsibility (CSR) within a business is noble. However, considering numerous ethics violations documented by the U.S. Securities and Exchange Commission, U.S. Federal Trade Commission, and U.S. Department of Labor, the loosely guided CSR deontology appears to be a public relations front for capitalistic extremists who caress their egos for greed. Consequently, thousands of stakeholders lose their jobs, their retirement, and their families respective to ill business practices similar to the documented cases of Ford Motor Company 's Pinto, Arthur …show more content…

Incidentally, in the case of Enron Corporation, the company founded and utilized accounting practices such as mark to market and structured finance. These financial principles created new pathways for Enron executives to exploit markets using mark to market while creating fictitious businesses utilizing structured financing that concealed massive debt the company owned. Mythical businesses such as LJM, Jedi, and Chewco created by Enron 's Chief Financial Office Andy Fastow granted the company a method to conceal debt, divert funds, and ultimately cheat stakeholders across all groups (Gibney, 2005 ). Before structuring finance was implemented within Enron, Chief Executive Office Jeffrey Skilling was an advocate for mark to market that was eventually approved by the U.S. Securities and Exchange Commission and Arthur Andersen, a well known accounting firm …show more content…

While reviewing the Enron scandal, it is indisputable the leadership team never considered their “ask why” slogan should be applied to asking... * will our decisions damage our industry, company, and

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