"Major Financial Fraud"
Paper details
Enron and Bernard Madoff are two classic cases for Business Ethics, a lot can be learned from them. You will do both cases in this assignment, you just have to answer the questions.
Part I: Enron There is an excellent movie/documentary about the Enron case: "Enron -the smartest guys in the room'. This is the link to the full movie
https://freedocumentaries.orgidocumentaryienron-the-smartest-guys-in-the-room#watch-film
Please watch the movie in light of the following two questions:
Question 1: Discuss the roles of Lay, Skilling and Fastow in Enron's demise and how they contributed to it? (5 points each key player = 15 points)
Question 2: What did you learn from this case regarding leadership and culture (organizational factors) related to Business Ethics? (5 points)
Part II: Bernard Madoff
This is a short clip that explains the Ponzi scheme, the method Bernard Madoff used http://www.youtube.comtwatch?v=zRTPKGJGwe4 This is a documentary from PBS The Madoff Affair
http:/Nideo.pbs.orgMdeo/1122731028/ Please watch the clip and documentary in light of the following two questions: Question 1: In your opinion, why was it possible that Madoff was able to run such
a big Ponzi scheme for so long and who else besides Madoff could be blamed for it and why? -discuss three main factors (Madofficlientsioversight) (5 points for each factor = 15 points)
Question 2: What did you learn from this case regarding Business Ethics? (5 points)
Please answer the questions in a Word document that you can upload. Expected is about a page and a half per case. You do not have to do any additional research, just use what you have learned from
the provided material above. the required book for this orders is Business Ethics: Ethical Decision Making & Cases (9th Edition). You may find it in this website :login in writer
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