Enron and the 12 steps of white-collar crime

Randy Appel; Jae Fratzl; Ruth B. McKay; Carey Stevens

doi:10.1504/IJBGE.2014.066277

Enron and the 12 steps of white-collar crime

Randy Appel^*, Jae Fratzl, Ruth B. McKay, Carey Stevens

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

In 2001, Enron Corporation (Enron) filed for Chapter 11 bankruptcy protection due to accounting irregularities. At the core of the failure was a corporate culture that held in contempt regulatory oversight, financial disclosure and the governance process. This paper applies a 12-step model of white-collar crime (McKay et al., 2010) to the case of Enron. The analysis is based on an interview with Sherron Watkins, whistleblower and former employee of Enron, as well as other coverage of the Enron collapse. This paper presents the value of the model as applied to a single organisation and makes recommendations based on the application.

Original language	English
Pages (from-to)	381-405
Number of pages	25
Journal	International Journal of Business Governance and Ethics
Volume	9
Issue number	4
DOIs	https://doi.org/10.1504/IJBGE.2014.066277
Publication status	Published - 2014 Jan 1
Externally published	Yes

Keywords

Enron
Ethics
White-collar crime

ASJC Scopus subject areas

Business and International Management
Strategy and Management
Organizational Behavior and Human Resource Management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1504/IJBGE.2014.066277

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title = "Enron and the 12 steps of white-collar crime",

abstract = "In 2001, Enron Corporation (Enron) filed for Chapter 11 bankruptcy protection due to accounting irregularities. At the core of the failure was a corporate culture that held in contempt regulatory oversight, financial disclosure and the governance process. This paper applies a 12-step model of white-collar crime (McKay et al., 2010) to the case of Enron. The analysis is based on an interview with Sherron Watkins, whistleblower and former employee of Enron, as well as other coverage of the Enron collapse. This paper presents the value of the model as applied to a single organisation and makes recommendations based on the application.",

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Enron and the 12 steps of white-collar crime

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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