Questions for Discussion

1. What led to the collapse of Enron under Lay and Skilling?

2. How did the top leadership at Enron undermine the foundational values of the Enron Code of Ethics?

3. Given Kenneth Lay’s and Jeff Skilling’s operating beliefs and the Enron Code of Ethics, what expectations regarding ethical decisions and actions should Enron’s employees reasonably have had?

4. How did Enron’s corporate culture promote unethical decisions and actions?

5. How did the investment banking community contribute to the ethical collapse of Enron?