... instilled at Enron by Ken Lay could have been an important factor in the final demise of the organization. The culture at Enron bred fast-paced hard-charging individuals who "became obsessed with bonuses, the stock prices and exotic accounting" . A good example of this culture in the early years of the organization is in 1987; company auditors learned of a "billion dollar oil trading scandal" ... program that was paid when the deal was cut not when profit was actually made. Many dealmakers gave into the temptation to over inflate projected income increasing their bonuses. Under the Mark...

• Word Count: 942
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate