Chapter 12 No unread replies. No replies. After reading about groupthink in Chapter 12 and learning about the collapse of Enron in this weeks video (Ask Why), respond to the following prompts: Do you think that groupthink played a role in the following decisions: Top managements (e.g. Ken Lay, Andy Fastow, Jeff Skilling) decision to move losses off the books via special purpose entities. Arthur Andersens decision to retain Enron as a client and issue unqualified (clean) opinions of Enrons financial statements despite questionable accounting methods. Most of Enrons accounting and finance staff (with notable exceptions like Sharon Watkins) decision not the blow the whistle within the company. Exhibit 12.9 provides guidelines for overcoming groupthink: Do you think any of these would have been particularly difficult to implement at Enron or at Arthur Andersen? Do you think any would have been particularly successful in preventing the ethical lapses at Enron or at Arthur Andersen?