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Spaces for Business Ethics

In: Enron and World Finance

Author

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  • Domingo Sugranyes Bickel

Abstract

An analysis of the Enron story raises the question again as to whether there is room for ethics in business, given the current modus operandi of major corporations and financial markets. It would be easy to say that ethics has no place in decision-making, that the multifarious pressures on senior executives and managers turn them into machines programmed for a single purpose: to maximise profits over the year, and even over a quarter. But is this a realistic description? I don’t think so. First, while operating in the same economic and financial environment, the majority of companies do not plan or act as did Enron. Moreover, the reasons for Enron’s fall lie not in the environment but, precisely, in a profound failure in the ethical dimension, underlying a chain of erroneous decisions.

Suggested Citation

  • Domingo Sugranyes Bickel, 2006. "Spaces for Business Ethics," Palgrave Macmillan Books, in: Paul H. Dembinski & Carole Lager & Andrew Cornford & Jean-Michel Bonvin (ed.), Enron and World Finance, chapter 7, pages 131-139, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51886-5_7
    DOI: 10.1057/9780230518865_7
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