Question
The Enron video provided on iLearn was an example of a major corporate collapse resulting from poor corporate culture and greed. Which of the following
The Enron video provided on iLearn was an example of a major corporate collapse resulting from poor corporate culture and greed. Which of the following is NOT CORRECT in relation to the points covered in the video? a. The firm CEO believed that 'money is the only thing that motivates people' so ranked all staff from 1 to 5. Anyone who was a 5 was sacked resulting in a ruthless employee culture b. The courts were unable to prove that Enron's auditors were guilty of obstructing justice as important documentation was destroyed. c. The new CEO introduced Enron to mark to market accounting. Profits were recorded on the day large deals were signed rather than the life of the deals and irrespective of the deal falling through and receiving no money on the deal d. 2 rogue oil traders employed by Enron were convicted of fraudulent trading. Prior to the convictions Enron encouraged the dealers to 'please keep making us millions'
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