Social Studies

Whitney

26 October, 04:45

When the Enron Corporation went bankrupt in 2001, the collapse was the largest corporate failure in history, and the name has since become synonymous with corporate fraud. Enron's board of directors failed to monitor, question, or analyze Enron's management and business practices, and billions of dollars' worth of unscrupulous activities were conducted to make Enron look more financially stable than it was. Though the board had access to evidence that something was wrong with Enron's business practices, a culture had developed in which conformity was encouraged and diverse views were not acceptable. In other words, Enron fell prey to