Question

assume your a student reading abusiness ethics textbook in the year 2020. how will history treat ken lay and jeff skilling, and will they be relevant at that time?

Answer 1

Ken Lay and Jeff Skilling will be treated by history as strong examples of unethical behavior and why individuals, entities, organizations and companies should behave in an ethical manner both in their personal capacity as well as professional capacity. Ken Lay and Jeff Skilling were high ranking Enron executives and were involved in one of the history’s first major corporate fraud scandal.

Yes, Lay and Skilling will be relevant even in 2020. This is because the Enron scandal was one of the early fraud scandals that hit the corporate sector and the incident underlines what unethical behavior can do to a company and its managers. Enron, once a Wall Street darling, does not exist anymore and its executives who were involved in fraud are still serving term for their unethical behavior that led to fraud, misrepresentation, and insider trading.