1. Who was Enrons CEO? CFO? Chairman of the Board? What roles did they play in Enrons fraudulent scheme? What role did the companys chief financial officer play in creating the problems that led to Enrons financial problems?

2. Did Enrons bankers, auditors, and attorneys contribute to Enrons demise? If so, how? Were there any red flags or clues that should have alerted Enrons Board of Directors that the companys financial situation was not as strong as Skilling and Lay reported it to be? At what point do you think the Enron Board of Directors should have stepped in? What actions could they have taken?

3. How would you describe Enrons corporate culture? What behaviors did its employees engage in that gave you this opinion? How did the corporate culture of Enron contribute to its bankruptcy? What was Mark-to-Market accounting? What is the potential ethical problem with this system?

4. Do you think that the executives at Enron were aware of this problem? Identify at least three groups of stakeholders who were affected by the unethical conduct of the leaders of Enron. Discuss how each group was affected.