It is a discussion board, so no need for a long write up.

Enron: The Smartest Guys in the Room documentary

1. Describe the culture at Enron. How can Stanley Milgrams famous shock experiment help explain what happened at Enron?
2. Conflicts of interest occur when the personal interests of managers interfere with the personal judgments of managers. Discuss some of the examples of conflicts of interest in the Enron scandal.
3. What were the responsibilities of the accountants of Arthur Anderson? To whom did they owe these responsibilities?
4. Who, if anyone, was harmed by Andrew Fastow's dual roles as Enrons CFO and as managing partner of SPEs (off-balance sheet partnerships)?
5. Whistleblowing is the process in which an employee informs another responsible employee in the company (or outside agency) about potential unethical behavior. Who was the primary Whistleblower in this case? What are some of the risks involved in blowing the whistle? Under what conditions is whistle blowing ethically permissible?
6. Insider trading generally refers to the practice of buying or selling securities (stocks and bonds) on the basis of nonpublic information that one has obtained as an insider. Who was harmed by the insider trading of Enron executives?
7. Do you agree with the statement ethical responsibilities end with obedience to the law? Why or Why not? How does this apply to the Enron Scandal?
8. What would you do to prevent future Enron's?
9. What other huge company imploded like Enron? Research this!