Enron Essay

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Research Paper Outline and Thesis Statement Format Introduction Enron Scandal Overview a) Business Sector: an energy trading, natural gas, ad electric utilities company based in Houston, Texas. b) Main Player Summary Key Lay Chairman and CEO Jeffery Skilling President and Chief Operating Officer Andrew Fastow Chief Financial Officer Arthur Anderson b) Scandal Synopsis; Thesis Statement Enron Scandal: It is the largest securities fraud scandals in history Body I Research Focus - Specific research that illustrates and defines the core problems revealed during trial and prosecution of case a) Fastow charged with money laundering, insider trading, and conspiracy. b) Lay and Skilling was indicted on bank fraud, making false statements to banks and auditors, securities fraud, wire fraud, money laundering, conspiracy, and insider trading[ c) Arthur Anderson was charged with and found guilty of obstruction of justice. Body II Cultural Focus - Specific research that further defines the corporate culture that fostered unethical behavior and fiduciary irresponsibility a) The creation of offshore companies to hide losses b) Adopted the mark to market accounting practice. c) The company executives use insider information to trade stock. Body III Biographical Focus - Specific biographical information about the main players (primary executives) that helps explain how unethical behavior was rationalized and the consequences of their ill-conceived plans a) Kenneth Lay Chairman and CEO b) Jeffery Skilling President and Chief Operating Officer give the impression of being arrogant base on his Harvard admission interview. c) Andrew Fastow Chief Financial Officer help develop the “asset-backed securities” practice. That help Continental bank to become the largest U. S. bank to fail. Conclusion Personal Focus – Explain why you think why

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