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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 971 |
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Put another way, the outcomes are the things that matter when it comes to corporate actions. In the case of Enron, speaking the truth about its financial situation in, say, 1999, would have hurt the company by depressing stock value; it is also clear that company investors might have been forced to sell off stocks or taken a financial “hit...
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A deontological approach would have favored full disclosure; a utilitarian approach would presumably favor not saying anything and hoping that things turn around.
Without question, Enron was not socially responsible when it lied about its income and failed to reveal that its equity value was lower than its balance sheets said...
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