What Happened to Enron Accounting Auditor Professional Ethics

Business and Professional Ethics Introduction Enron share price rose significantly for a long time since its establishment. The company experienced exponential growth, which was apparently stopped by the fraudulent activities within it. Those were such activities that exposed the corporate giant to huge losses and eventually to a bankruptcy declaration. Enron was founded in 1985 after a merger of two gas companies: Houston Natural Gas and InterNorth. During the tenure of Kenneth Lay as the CEO of the company, he championed the deregulation of electric and gas prices in the region. That move foresaw the empowerment of the energy traders to make propounded profits and to take advantage of the high prices of their products. In order to ensure the further development, the company diversified into the ownership and operation of multiple assets with an inclusion of gas pipelines, paper plants, broadband services, and electricity plants across the world market. The huge market base enabled the company to report a profit margin of $100 billion in 2000 with the 22,000 of personnel.