The Devastating Effects of Greed: A Closer Look at Corporate Scandals Greed is a powerful force that can lead individuals and organizations down a dangerous path. In the world of finance, greed has been a driving force behind some of the most notorious corporate scandals in history. One such example is the case of Enron, a once-prominent energy company that collapsed in 2001 due to financial fraud. The Rise and Fall of Enron At its peak, Enron was one of the largest and most profitable companies in the United States. However, the company’s success was built on a web of lies and deceit. Inflated profits, off-balance-sheet financing, and other deceptive practices ultimately led to Enron’s downfall. When the truth was finally revealed, the company’s stock price plummeted, wiping out billions of dollars in shareholder value. The Role of Greed in Corporate Scandals Greed played a central role in the Enron…    read more