Do you think justice has been done in the trials against Enron’s less important executives Essays

Do you think justice has been done in the trials against Enron’s less important executives Essays Do you think justice has been done in the trials against Enron’s less important executives Essay Do you think justice has been done in the trials against Enron’s less important executives Essay Enron was once a multi-million dollar company which was trusted by many clients because of its wealth and power (CNN Money, 2007). It faced a very serious scandal a couple of years ago that led to its downfall. Many people from the top and middle management got accused of the crime and got tried in court which was known internationally.Many executives from the company who took part in the investigation pointed out names and released their anger while on the bench. Many names were blurted out several times like Lay and Skilling, who were the founders of Enron. Some names like Fastow and Causey were also involved and they are now facing a future spent in prison and a big amount of money to pay back. Other executives who stood up to be witnesses against the key players of the fraud were accused too after pleading guilty of the crimes they committed (MSNBC, 2007).I think what happened to Enron’s â€Å"little executives† like Kenneth Rice was not fair. As for the case of Mr. Rice, he pleaded guilty of the crime and agreed to play as a star witness against the big people behind the crime. He was so brave when he tried to plead guilty of his actions, he was cooperative when the police started their investigation, and he remained that way until the bad guys were properly punished. (MSNBC, 2007)Other executives also helped to shed light in the investigation. Even though they did the right thing of pleading guilty and helping out in the trials, their sentences, although lighter, are still long. They have to suffer long years of life behind bars. Their lives will be a complete torture because they have to live away from their families. Also, they still have to give up money that was allegedly stolen amounting to millions of dollars. Some accused are facing 5-10 years in prison, plus payment of money. Maybe it will be more acceptable, not only for me, but also to the public, that they have a shorter sentence. The fact that they tried to help and they faced th e public with courage are at least good excuses for them to be given a chance of a better life (MSNBC, 2007). After all, they were just puppets being controlled by the puppeteers.The problem in the company was a conspiracy which was done by smart people who tried to conceal their illegal activities and played their dummies to do the job for them. The major responsibilities are always on the shoulders of the top executives, mainly the CEOs. Daniel Fisher (2007) stated that:The government scored a huge win with the convictions of the two former Enron chiefs, who became symbols of the war on corporate fraud. Some experts think it will embolden prosecutors to pin even more responsibility on executives for business failures (Fisher, 2007).If the company fails, or if something bad happens to it, the chief executives are mainly to blame. This is because they are the boss of the company. They should have enough knowledge and skills to run a company, and the conscience to keep its good reput ation.