Question #4
I feel Kenneth Lay was definitely not a victim of an agency problem. High level executives such as himself could not possibly be unaware of a scandal so large in their own organization. Bryce made it clear that Lay was not the most ethical person and had abused his position at Enron to help make his families business ventures successful. I think its clear that Kenneth Lay had some type of involvement in the scandal and even if he did'nt, theres no way he did'nt know about what was happening. Either way Kenneth Lay definitely played a role in a role in the demise of Enron legally and ethically.
2 comments:
I agree with Joe because when problems happen in an organization it is vital for upper management and or CEOs to know what is going on because they have to settle the problem to make things better. No matter what happens in a business in any situation it must be handled properly in order for future mishaps that might make things worse for the company.
I agree with Danny and Joe in the fact that upper level management should be aware of all the problems that take place within the company. I feel that the more upper level managers that are aware of the problems, the better the solution they will then be able to come up with as an organization. I also agree with joe in that there were more people involved in the scandle then first thought by the company and the only way to put an end to issues like this is communication.
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