News Story Term Paper

Total Length: 671 words ( 2 double-spaced pages)

Total Sources: 0

Page 1 of 2

Corporate Misconduct

Recently, there have been a multitude of high-profile corporate scandals involving companies that were once well-respected. Generally, these corporate scandals related to corporate loans to insiders as well as to insider trading and accounting scandals (i.e., over-inflating income in order to please Wall Street analysts and shareholders). Examples of companies involved in such scandals include Arthur Andersen LLP, Enron, Global Crossing, and WorldCom. Not only do these corporate scandals hurt a company's profitability and reputation, but such scandals also de-moralize society and result in financial difficulties for employees who are laid off.

This paper analyzes and examines high-profile corporate unethical and criminal conduct. Part II outlines Enron's corporate and individual unethical and criminal conduct. Finally, this paper concludes with recommendations for avoiding ethical dilemmas and criminal conduct.

ENRON'S CORPORATE AND INDIVIDUAL UNETHICAL AND CRIMINAL CONDUCT

Perhaps the most recent high-profile corporate scandal involving unethical and criminal conduct is Enron, a previously high-flying energy company that skyrocketed during the late 1990s. What makes Enron particularly unique is that its criminal ethical lapses were so broad, both on a corporate and individual level.
Briefly summarized, Enron created "shell" or sham corporations and used such corporations to over-inflate their profits in order to give corporate insiders personal loans and to meet and exceed Wall Street analysts' revenue projections. The purpose in overstating revenue was so that corporate insiders could dispose of their shares and reap enormous profits as a result of Enron's seemingly endlessly skyrocketing stock price. On a larger scale, Enron's stock collapse destroyed employee retirement accounts, and the bankruptcy cost more than 4,500 workers their jobs.

Numerous factors combined to result in the downfall of Enron. First, Sherron Watkins, the former Enron vice president of corporate development sent memos in August 2001 warning then-chairman Kenneth Lay that improper accounting could cause Enron to "implode in a wave of accounting scandals." Enron filed for bankruptcy December 2, 2001 after revelations about years of inflated profits and hidden debt. In addition to Kenneth Lay, Enron's collapse….....

Show More ⇣


     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


Related Essays

Fake News Outline

the influence fake news has on society. II. Body Paragraph A. Claim: Prior exposure to a fake news story makes a person more likely to believe in the veracity of the information. 1. Evidence: Just a one-time exposure to a fake news item on a social media platform like Facebook increases the likelihood that a person will believe the fake news story, with the effects lasting as long as a week (Pennycook, Cannon, & Rand, 2017) 2. Evidence: The prior exposure phenomenon is a type of confirmation bias, whereby “ We pick out those bits of data that make us feel good because they confirm our prejudices,” (Heshmat,… Continue Reading...

The Causes of Fake News and How to Prevent It

influence fake news has on society. A. Claim: Prior exposure to a fake news story makes a person more likely to believe in the veracity of the information. 1. Evidence: Just a one-time exposure to a fake news item on a social media platform like Facebook increases the likelihood that a person will believe the fake news story, with the effects lasting as long as a week (Pennycook, Cannon, & Rand, 2017). 2. Evidence: The prior exposure phenomenon is a type of confirmation bias, whereby “ We pick out those bits of data that make us feel good because they confirm our prejudices,” (Heshmat,… Continue Reading...

Cultural Diversity Issues

From WWMT.com comes the news story of Western Michigan University Bronson School of Nursing receiving $2 million in grant money for scholarships to students who are from different cultural backgrounds so that a more diverse culture of student nurses can be achieved (VanTimmeren, 2017). As Bryan (2014) points out, culture is very important in this day and age because it informs people’s perspectives and values about what is good and bad regarding others in society. If people have a very narrow and poorly conceived viewpoint or perspective on other cultures, there is going to… Continue Reading...

Media Manipulation of the Public

is said (or not said) in a given news story. While the statement of mills about which men and will “prevail” may seem mundane to some, it is something that absolutely explains the chaotic and often toxic news and media sphere that exists right now. Analysis The media as it currently exists is not completely new and unique when it comes to American or general human history. The same thing can and should be said of sociology. There is also the fact that the internet and modern communications technology has allowed messages and knowledge to scream at record… Continue Reading...

Ethical Communication and Social Media

news story has been properly checked and vetted. However, in the 2016 election there was the emergence of news stories that were deliberately created to be false and to paint certain candidates in a negative light. These news stories have since been examined and were meant to discourage from particular candidates from receiving votes. For example there has been proof to indicate that “(i) 62 percent of U.S. adults get news on social media (Pew 2016a); (ii) the most popular fake news stories were more widely shared on Facebook than… Continue Reading...

Visual Rhetorical Analysis

In a news story presented by the online version of NBC news, a major American network, an article about #BlackLivesMatter includes photographic imagery of a large social protest that took place in 2013. The protest followed in the wake of George Zimmerman being found not guilty on charges of second-degree murder of an unarmed black man—an event that showcased the extent to which even the law fails to protect the lives of innocent people of color. In one photographic image used in this news story, the photographer captures a significant moment in… Continue Reading...

Gun Control Essay

available, supporters of gun control see in the news the horrific accidental and nonaccidental deaths resulting from guns and seek to end such violence. A 2013 news story of a baby shooting its father is just one of many that have hit the headlines. The baby took the fathers firearm and pressed on it, shooting the father in the back in a Walmart parking lot. man had been shot by his child, who attempted to enter his fathers truck by scaling up the drivers side. The child accidentally grabbed hold of an unsecured and loaded shotgun, which discharged… Continue Reading...

sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"News Story" (2002, November 16) Retrieved June 5, 2026, from
https://www.aceyourpaper.com/essays/news-story-138963

Latest MLA Format (8th edition)

Copy Reference
"News Story" 16 November 2002. Web.5 June. 2026. <
https://www.aceyourpaper.com/essays/news-story-138963>

Latest Chicago Format (16th edition)

Copy Reference
"News Story", 16 November 2002, Accessed.5 June. 2026,
https://www.aceyourpaper.com/essays/news-story-138963