Ten months before the Enron debacle, a 30-year-old reporter with Fortune magazine, Bethany McLean, wrote an expose
Question:
Ten months before the Enron debacle, a 30-year-old reporter with Fortune magazine, Bethany McLean, wrote an expose of the company, called “Is Enron Overpriced?” The most disturbing fact she revealed was the absence of solid information in Enron’s financial reports. Three Enron executives were flown to New York to try to convince the magazine not to publish the piece; Enron executive Jeffrey Skilling questioned Ms. McLean’s research, calling her unethical; and Enron’s CEO Kenneth Lay placed a call to the magazine’s editor, claiming McLean was relying on a source who would benefit if Enron stock lost value. None of this pressure worked; the article was published anyway—although its message was largely ignored. What is at stake when corporate power attempts to silence the media?
Step by Step Answer:
Law And Ethics In The Business Environment
ISBN: 9780324657326
6th Edition
Authors: Terry Halbert , Elaine Ingulli