Enron Corporation and the American Term Paper

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That kind of behavior would be unacceptable today. Huge financial rewards accrued to him for being astute. Indirectly his success in the West focused more attention on the West and encouraged exploration and development by others. Astor retired from business as the richest person in the world, so he was very successful at monopolizing the fur trade. As many other wealthy people would follow his example, Astor became somewhat of a philanthropist in his later years. At least he showed some inclination toward social responsibility. Ironically the laws enacted to outlaw trusts have come to the forefront again with the battle between the Justice Department and Microsoft Corporation. In the same ironic way, Bill Gates has emulated Astor through socially responsible acts such as supplying childhood illness vaccines to African countries.

It is interesting how the company operating in the more heavily regulated times is the company that exceeds all others in deceitfulness. It seems that the rules draw a convenient line for unethical firms who can justify their actions by saying that they followed the exact wording of the rules even though there are many potential unethical actions allowed by the rules.

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The depth of unethical behavior by the Enron executives outdistances Astor's unethical behavior. The Enron executives conspired together to deceive the rest of the world about the company's condition. Astor's actions were much more straightforward. If anyone tried to invade the territory of the monopoly, they were driven out of business. Astor controlled 99% of American Fur so he was taking all of the financial risks. If the company did not succeed, he would suffer the losses. The losses would not have spread directly to thousands of employees and investors as they did in the Enron collapse. Eventually some of Astor's profits were turned back over to the public through his philanthropic works. At this time it seems like a very remote possibility that we will see Enron's former chairman, Ken Lay, spending any of his money to build a public library......

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