“Chapter 11 is the reorganization of the process of correcting or elimination factors responsible for the distress of a business enterprise, thereby preserving both the enterprise and its value as a going concern.”(Mann & Roberts. p831) “The Securities Act requires that a registration statement be filed with the Securities and Exchange Commission and that it become effective before any securities may be offered for sale exempt from registration. The Act prohibits fraud in all sales of securities involving interstate commerce or the mails, even if the securities are exempt from the registration and disclosure requirements of the Act.”(Mann & Roberts. p.948)

The executives and employees involved in the finical problems are guilty and should be charged and punished. It should set an example to other employees, companies and corporations. It is not fair that innocent people have lost their pension plans and other plans that they spent years at Enron working to collect. In the end, the final say in the court will have a dramatic impact on other firms and how they handle their accounts and billing.

In the end, Mills, ‘right conduct’ would have avoided this by using the values of truth and holding up to the fact that the company was not doing so well finically. Kant’s principle of treating everyone with respect would lead to everyone being truthful and not being disrespectful by lying and pocketing money under the table. These scholars and their principles combined create a morally correct work code of ethics.

late the money and make investments for their own benefits. Enron used its power and finances to gain personal wealth and satisfaction until a twist in the plan made everything come to a stop.

Arthur Anderson is guilty in destroying legal documents, which to me shows signs of guilt and covering up something that you don’t want anyone to find out about. As head of a corporate board you are setting standards and are a role model for other employees of the company and he has set an extremely

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