What Brought About Enrons Collapse?
What brought down Enron? Most X Americans would say that greed brought its demise. I would agree that greed did factor into the fall of Enron, once named “the most innovative company” but further investigation into the company and its business and accounting practices reveal more than greed. Mismanagement of huge proportions, disregard to organization, and financial irresponsibility are amongst key factors of its fall. Enron wanted to be bigger, better, and more progressive than all other companies and it seemed to be well on its way but the company did not a top manager (Kenneth Lay) with the right interest at the right time in his company’s objective and mission. Mr. Lay was Enron’s chairman in title only, “Enron had a distracted, hand-offs chairman…”(Fowler). The company’s top manager must be accountable for all that happens in the company. They are “responsible for overseeing the whole organization…” (McNamara). He or she must have real and productive interests, goals, directio
