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Case Studies in Business Ethics and Corporate Governance
book

Case Studies in Business Ethics and Corporate Governance

by Sreejesh, Mohapatra
January 2012
Beginner to intermediate content levelBeginner to intermediate
192 pages
6h 29m
English
Pearson Education India
Content preview from Case Studies in Business Ethics and Corporate Governance
54 Case Studies in Business Ethics and Corporate Governance
By 2001, all the industries Enron was into faced economic crisis, especially bubble burst in telecom
and dotcom industries had a great infl uence on Enron.
Maharashtra State Electricity Board, the sole consumer of Enron’s power in India, ended its con-
tract with Enron, due to which Enron lost almost US$1 billion.
In August 2001, Jeff Skilling, the CEO of Enron, resigned citing personal reasons which brought
back Kenneth Lay as the top executive in Enron.
On 15 August 2001, Lay received a letter from the Vice-President of Corporate Development ex-
posing some of its fi nancial problems.
Starting October 2001, Enron’s stock started falling sharply and the stock hit 7 year low at US$ ...
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Publisher Resources

ISBN: 9789332577961