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Thursday, October 10, 2013

Enron

Corporate Social Responsibility:- The Enron case was one of the high-riskgest examples of structured fraud that has occurred in the past twenty years. Not yet the company lied about what it was doing, but it destroy the lives of so some(prenominal) hard working employees who had given years of divine profit in the company. The company had published a social and environmental report, in which it is shown that what they atomic number 18 doing about environmental impact, its employee relations and participation relations programs and its anti-corruption and bribery policies. In those reports chief operating officer described how they are following their vision and values. For example, they show rough-cut respect with communities and bear how stakeholders affected by the companys operations. They observe the impacts of the bound of argueing on the environment and on society. Trying to improve act and encourage business partners and suppliers to match the same standar ds. But with any these policies and programs mentioned in their report, they did not follow it. So . It will be right to affirm that Enron did not show social responsibility. The offset printing reason wherefore they didnt show social responsibility is that they fooled the large number that worked for them. So many another(prenominal) workers had their retirement accounts linked to investments that Enron had made.
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20000 employees incapacitated their jobs and medical insurances. Employees lost $ 1.2 gazillion in retirement funds and Retiree lost $2billion in pension funds. Enron was a Flourishing company that was bu t button up in the future. Enron was strugg! ling to make property and in reality it was going to be bankrupt soon. The abet reason that they were not socially responsible was that they lied to so many people. Normally it seems that lying is not a big pickle but in reality they are good-looking ill-use information to many people. The main thing is that it sends the premature pith to kids because it shows that lying is the way to move forward. It shows to other companies that the regulations stiff nothing. It besides shows...If you want to get a full essay, erect it on our website: OrderCustomPaper.com

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