Enron and Ethics

Andrew Fastow contributed to the downfall . The auditor , Arthur Andersen , also got accused of reckless application standards in the audits out of conflict of interest over the vital consultancy fees that had been generated by this company . Finally in November 28 , of 2001 , Enron was declared bankrupt . The company lost confidence in its investors and at the end had very little cash to run business and satisfy some hefty debts

Trade secrets and privacy in Enron

Trade secret is by definition any information that the company keeps as a secret in

to offer them an advantage over other competitors Basically Enron was a multi billion dollar company that had assets that were far flung that did rival those of other companies and countries thus there had to be some information on their weakness in to bring them down that was unknown to some average citizens . According to Debka , the first hidden weakness of Enron was based on finance which could have made the competitors destroy the company fast . Enron hid hefty blocks of liabilities from investment company 's eyes through creation of shell companies to which they were basically shuffling debts . Since the outside companies had no tie to this company , there is no one in the investment community who realized how immensely in debt Enron was and how it was affecting on its pictures of profitability

The Enron executives knew that if this information if it was made public then the investors would end up selling their stock . Enron basically had to hide some hefty liabilities in their shell company to show the investors that they were still at a profit . The second weakness it had was the fact that it held some contracts on foreign soil thus depending on those countries to pay all their bills according to...