Human Resourses

In: Business and Management

Submitted By linaalm
Words 363
Pages 2
Pass the business sector accounting profession as a whole these days deep crisis of confidence can be expressed in a crisis stemming from the control of greed and narrow special interests clearly a large part of this sector in the various countries of the world ethics.
The collapse of Enron the end of 2001 of the highlights of the last companies that have fallen as a result of many factors, perhaps the most prominent non-application or lack of ethics and business, where the giant assets of the company fell an estimated value of $ 63.4 billion, which form the largest bankruptcy of the American company and perhaps in the world whole. After having listened to 56 witnesses during 15 weeks of hearings in the city of Houston in Texas, the jury decided the issue of eight men and four women unanimously that two of the executives of Enron were Kenneth Lay and Jeffrey Skilling were guilty of a number of charges against them in issues related to corruption and conspiracy, as well as lying about the financial troubles of the company. Skilling was found guilty of 19 charges out of 28 charges, was convicted if the whole will make his prison term of 275 years. The Lay was found guilty of six counts of fraud and conspiracy. Finally the judiciary issued a sentence of 24 years and four months to Jeffrey Skilling, and said the judge who issued the ruling during the recitation of the verdict, "The crimes of this magnitude deserve severe punishment." Like Skilling alone in front of the court after the death of his co-defendant Kenneth Lay had a heart attack in July 2006.
We have grown the share price of Enron over the years, from less than $ 7 in the nineties calendar until he reached the price of $ 90 mid-2000, but has lost its value suddenly became about 90 cents the end of 2001. It was an unfortunate end to the shareholders of those giant company as they watched the…...

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