Revisiting Enron Tragedy from the Perspective of Top Management Moral Responsibility

Ms. Garima Madaan Dua; Ms. Swati Oberoi; Mr. Atul Verma

doi:https://doi.org/10.69711/sharda.ijmir.v9i2.2004

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Revisiting Enron Tragedy from the Perspective of Top Management Moral Responsibility

Garima Madaan Dua, Swati Oberoi, Atul Verma

https://doi.org/10.69711/sharda.ijmir.v9i2.2004

Published Online: December 20, 2020

Author Details ( * ) denotes Corresponding author

1. * Garima Madaan Dua, Assistant Professor, School of Business Studies, Sharda University, Greater Noida, Uttar Pradesh, India (garima.madan@sharda.ac.in)

2. Swati Oberoi, Assistant Professor, School of Business Studies, Sharda University, Greater Noida, Uttar Pradesh, India (swati.oberoi@sharda.ac.in)

3. Atul Verma, Ex Student, School of Business Studies, Sharda University, Greater Noida, Uttar Pradesh, India (atulv.0309@gmail.com)

In October 2001, Enron scandal unfolded, where the top management mishandled their privileges, manipulated with the data, gave priority to their own interest over others and failed to execute proper leadership actions which gradually led to the downfall of Enron. Arthur Anderson, the coveted public accounting firm also went belly up. Enron was undoubtedly the biggest audit failure and was also the largest case of bankruptcy in the history of an American organizations. In this case, we will revisit the incidents and view it in the light of issues that continues to plague the organizations, even today. We will also analyze the moral responsibility from individual's point of view as well as from the corporation's point of view.

Keywords

Enron, Financial scam, Bankruptcy, moral responsibility

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