Opinion Center
Guilty Or Innocent Survey
 
 

 

Understanding What Makes Us Guilty.  An Example From Today's Headlines.
Using The Enron Situation To Clean Up.
1. If your brother steals a car, but you knew nothing about his plan to steal, are you guilty of theft? Yes
No
I never thought about it

2. If your father was convicted of theft, are you a convicted thief? Yes
No
I never thought about it

3. If your business partner embezzles money from your jointly-owned company, are you guilty of embezzlement? Yes
No
I never thought about it

4. If you work for a company and the company is defrauding its customers, are you guilty of fraud? Yes
No
I don't want to think about it

5. If you invest in the stock market and the stock you bought goes down, aren't you guilty of less than perfect investing? Yes
No
I don't know anything about that stuff

6. If you drive through a red light are you guilty of driving through a red light and, therefore, committing a moving traffic violation? Yes
No
I don't want to think about it

7. In light of Arthur Andersen & Co.'s questionable dealings with Enron:
    If you hire Arthur Andersen & Co. as your accountants, are you planning to use unorthodox accounting methods?
Yes
No
I don't know anything about that stuff

8. If you worked for Enron and received Enron stock as bonus extra compensation, weren't you simply unlucky with this stock market investment? Yes
No
I don't know anything about that stuff

9. If you lost money on Enron stock, aren't you in a position similar to stockholders of Northern Telecom, many quality companies and even similar to stockholders of the dotcom companies? Yes
No
I don't want to think about it

10. If the president of Enron took you and your wife to dinner several times over the years, are you guilty of mismanagement of Enron? Yes
No
I don't know anything about that stuff

11. If President George W. Bush was a friend of Enron's chairman, does that make GWB guilty in Enron's bankruptcy situation? Agree
Disagree
I don't understand this stuff

12.  Flashback:  Clinton Official Met With Enron Chairman; $100,000 Cash Donation To Democrats Timed To Plant Approval, Time Magazine, September 1, 1997

"On Nov. 22, 1995 President Clinton scrawled an FYI note to chief of staff Mack McLarty, enclosing a newspaper article on Enron Corp. and the vicissitudes of its $3 billion power-plant project in India.  McLarty then reached out to Enron's chairman, Ken Lay, and over the next nine months closely monitored the project with the U.S. ambassador to New Delhi, keeping Lay informed of the Administration's efforts, according to White House documents reviewed by TIME magazine.

In June 1996, four days before India granted final approval to Enron's controversial $3 billion power-plant project, Enron gave $100,000 to President Clinton's party.  Enron denies that its gift was repayment for Clinton's attention and assistance.  McLarty was later hired by Enron.  Lay also played golf with President Bill Clinton and slept in the Clinton White House. A master of political manipulation of both parties, Lay served as an adviser to the Clinton White House on energy issues.  The Clinton administration, in turn, helped Enron get a contract for a gas pipeline in Mozambique and other projects, according to reports."

Is Clinton guilty of participating in Enron's long-term pattern of political contributions and deal making?

Agree
Disagree
I don't understand this stuff

13. Over 250 politicians received contributions from Enron.  Are each of these politicians guilty of some criminal behavior? Yes
No
I don't understand this stuff

14.   We rely on media reporters and editors to ferret out meaningful aspects of events.  They should dig for details supporting their conclusions, identify lessons to be learned, and promote discussion of legislative changes needed to prevent similar problems.  Their work should be done in the interest of improving society, making progress and using rational, non-partisan methods.
Agree
Disagree
I don't understand this stuff

15. Regarding the Enron situation, what is the primary aspect of the story which could likely lead to disclosure of other aspects having major impact upon business ethics, accounting practices, societal morals, employee compensation, stock and retirement plans, use of insider information in the stock market, etc., etc.? Arthur Andersen & Co.'s appearance of collusion with Enron top executives and ordering of its employees to destroy all documents relating to the Enron audit.
Enron's chairman, Ken Lay, and his political wheelings, dealings, phone calls and contributions.
Employee compensation in the form of stock options, salary and benefits.
Peer review among accounting firms does not accomplish its goals & major accounting standards reform & review procedures are needed.
Top executives sometimes feel so shielded by the corporate umbrella that they abuse their power and manipulate the corporation knowing that the corporation takes responsibility if their deeds are exposed.
Employees of accounting firms need to understand that reasonable ethical standards override instructions from the company's lawyers requesting destruction of pertinent audit documents.

16. The quasi-technical legal term 'recuse' has now entered our everyday vernacular because it is a position that so many elected and appointed lawyers and congressmen must take.  That is sad for our society. Agree
Disagree
I don't know anything about that stuff

17.   With over 250 members of the U. S. Congress as well as lawyers and local politicians having received Enron contributions, we have reached the point where a great many lawyers and politicians must recuse themselves from investigating Enron and its top executives.

Do you think we should acknowledge that since the "must recuse" group is such a large percentage of all lawyers and politicians, we can invert the logic?  That is, we should admit that since the "must recuse" group is so large, in order to enlist enough prosecutors and investigators, they can all participate and we expect more payoffs and cover-ups?

Yes
No
I don't want to think about it

18. Are you aware of the following facts recently reported in various media including The New York Times, broadcast and cable news, and magazines including Time?  Please check the topics to the right that you are aware of. Enron created over 600 domestic and foreign-based accounting entities to move large amounts of debt off their balance sheet
Enron's chairman, Ken Lay, contributed to over 250 members of congress effectively building a 'friendly' legislature
Enron continued right up to October, 2001, to make positive announcements regarding its business prospects and potential stock price appreciation
Investment bankers and loan officers from money center institutions who should have known better continued to assist Enron's top management inflate on-balance sheet assets and valuations
In 1997, the SEC granted Enron a special exemption from Depression Era laws that permitted it to use off balance sheet accounting entities

19. As Enron's bankruptcy proceedings unfold over months and years it becomes more obvious that the primary problem and cause of it was: Arthur Andersen pushed the limits of interpretation of financial accounting standards
The Financial Accounting Standards Board, FASB, procedures & standards are not adequate
Top management of Enron was greedy beyond imaginable realities
Too many ordinary people involved were intrinsically dishonest & unethical
I don't understand this stuff

20. Neither Congress, FASB, nor God can develop laws, regulations and standards that will prevent dedicated crooks from stealing and cheating. Agree
Disagree

21. I am: Female
Male

22. My age group is: Under 20
20-29
30-39
40-49
50-59
60-69
70 & older

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