Managerial Betrayal: Justifying the Punishment of Enron’s Management

نویسنده

  • Jannis J. Angelis
چکیده

Few interested in corporate affairs can have missed the demise of Enron. The case involved hugely complex transactions designed to appease regulators, analysts and shareholders; and corporate governance, risk management and internal control were sacrificed in favour of profitability and growth. In this paper Ten’s (1987) theory is used to illustrate the benefit of a combined utilitarian and retributive model for justifying the punishment of Enron’s management. Throughout, the study makes both practical and theoretical observations.

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تاریخ انتشار 2003