What makes the companies fail? Bad business practices and poor ethics, for sure, greatly contribute to failure. Such is the case with Enron and WorldCom. Much debate and criticism surround these two companies. As we have learned in the University clases over and over again, ethics is very important to company’s success because ethical approach to business sparks investor confidence and consumer loyalty. In the long run, a company that is conducting business in an ethical way will enjoy greater prosperity.
According to Florida Pace Action Report (February 9, 2002), Enron’s most recent troubles can be traced to revelations in October 2001, when the company’s bad
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