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It was made clear that people may need to stab one of their best friends in the back if it meant getting them a great performance which in return would put money in his/her pocket.
Moreover, to emphasize how performance bonusâs contributed to collapse of Enron it was proven that annual reports revealed that certain transactions were buried in footnotes, or not reported at all! It surprises me that a business so large and promising would not even practice utilitarianism! Well, I guess in a way Enron did! They practiced the best way that would produce the overall good for the people that mattered...
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For example, Michael J. Kopper, a top executive was cut several checks. One check for the amount of $800,000, a second check for $603,000, and a third check for $905,00. All checks were cut within days of one another, and it was stated that it was part of a âseveranceâ package. The records also show $55 million were paid out in bonus payments to more top executives prior to the collapse...
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Enron'S Performance Bonus For Top Employee'S
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