Should company’s be greater controlled? Multinationals and major companies play an extremely important role in society, they make most of the important decisions as they have a lot of power and so are very influential. These include companies such as Enron, and Coca-cola. Many of these companies have so much power that no one controls them, they go unsupervised as they make huge profits and are seen as very powerful companies, afters scandals such as the Enron one, should these companies be greater controlled by the government? Or should they be free to do whatever they want. After scandals like Enron and Yukos one can say that companies need to be controlled on a regular basis and verify the company’s yearly figures in order to keep them from insolvency and to keep them from covering their losses by making false figures or falsifying documents. These scandals not only affect oil prices and electricity price, but they have a huge negative impact on the population, and as a result many jobs are lost, as these companies employ huge numbers of people both domestically and abroad.
In Enron figures were falsified and yearly profits were made up, and the company was loosing lots of money, and the top executives took the money for themselves. MORE INFO. Yukos. MORE INFO We can also see this in movies like Rogue Trader, in which a man gambles with the company’s money without them knowing and ends up loosing millions of dollars for a bank and escapes before anyone can see that the money is gone. This money went missing, but the executives were not aware of these actions as he was not supervised by his superior, and when he was, he avoided it whenever he could.
The Essay on Enron Scandal 5
In 1985, Enron was formed by Kenneth Lay after the merging of Houston Natural Gas and InterNorth. In the 1990s, Lay helped to initiate the selling of electricity at market prices. Markets made it easier for Enron to sell energy at higher prices, which caused the company to get richer. Enron was the largest merchant of natural gas in 1992. In November 1999, the creation of EnronOnline enabled Enron ...
