This website uses cookies to ensure you have the best experience. Learn more

Toxicity Of Enron And Morgan Stanley Dean Witter

2602 words - 10 pages

The condoning or condemnation of toxic leaders may be prevalent in organizations as well as in government. Corruption, narcissism, and unethical behaviors may be cancerous for the stability and sustainability of any organization or individuals for that matter. However, a person that possesses competence, resilience, vision, and character may learn to become an effective and transformational leader. More so, the personality of a leader may be a pattern of thinking, feeling, and acting with regard to the environment, including other people. These characteristics may influence the type of leadership an individual he or she may become (Northouse , 2007).

As indicated by Hautala (2006), a relationship between personality and leadership exist, the results indicate that leadership behaviors varied with leaders’ personality based on the leaders’ own appraisals as well as subordinates’ appraisals. Nevertheless, according to Machiavelli (as cited in Kellerman, 2004), the only kind of bad leader is the weak leader. This paper will examine two toxic organizations and contributing factors influencing their toxicity. In addition, an explanation will be provided regarding the independent situations of these toxic organizations and the social impact they created. Finally, an analysis of the missing checks and balances for these two toxic organizations will be explored.

Toxic Organizational Situations
Over the last several years it has been difficult to ignore the recent abuse of power, corruption and unethical behaviors by individuals in corporate America and government. To deny bad leadership without taking corrective action may catapult others to continue exhibiting these behaviors. Based on the reading by Kellerman (2004), Americans are familiar with bad, ineffective, and unethical leaders and followers. Organizational destructiveness may occur when toxic leaders create a precarious environment. According to Lipman-Blumen (2005) toxic leaders purposely harm others to enhance themselves at others’ expense. This type of behavior can seriously harm people and may not be conducive in establishing positive relationships and achieving organizational outcomes (Lipman-Blumen, 2005).
The unwillingness to change, as in the case of financial analyst Mary Keeker with Morgan Stanley Dean Witter and Company, may provide rude awakening results for those who followed her financial advice (Kellerman, 2004). Lipman-Blumen (2005) suggest that some toxic leaders maintain a grand illusion that life is both meaningful and manageable and as humans we fall into this abyss in exchange for security, certainty, and order. This type of discernment may contribute to a toxic environment. Thus, Padilla, Hogan, and Kaiser (2007) suggest that destructive leadership is defined by the toxic behavioral culture created by the leader, follower, and environmental factors.
The same can be said for corrupt business leader Andrew Fastow (Kellerman, 2004). Over the last several...

Find Another Essay On Toxicity of Enron and Morgan Stanley Dean Witter

The Unethical and Illegal actions of Enron

1554 words - 6 pages moderntechnology, extremely low unemployment, and consumers spreading their wealthinto long-term investments via the stock market. Many of those investors enjoyedrapid returns on investments; meanwhile Enron had been deceitfully taken theirinvestors money and lining their personal bank accounts and increasing personalwealth to enormous heights. During this research, it was very clear that thecorporate CEO's and CFO's had in fact reported fictitious earning

Stanley Kwans' film, "Center Stage" and its representation of feminism

2980 words - 12 pages Stanley Kwans' film, Center Stage rewrites the life of Ruan Lingyu and raises questions about the representation of Ruan's on-screen image and of her off-screen persona. Ruan's fragmented stories with historical details and the interaction between film directors and the female image presents the discourse of feminism, in the context of the modern woman (Zhang, 1994, pp.617) and its visual representations and the role of women in public and

“The Rise and Fall of the First Associate Dean of a Graduate Research Institution”

2110 words - 8 pages SmithMNGT 595021 July 2012"The Rise and Fall of the First Associate Dean of a Graduate Research Institution"In November 2009, as my interview with the Dean of this Graduate Research Institution, the Associate Dean of this Graduate Research Institution, the Director of Admissions, and a Student Services Program Coordinator concluded, I was asked the infamous closing question; "Do you have any questions for us"? The team seemed to have explained

Freedom of Speech in the School System: Rights for Dean and Students

882 words - 4 pages student’s rights. Additionally, restrictions must be viewpoint neutral (Hansen); the dean of students cannot impose disciplinary action because the contents of my speech are against her viewpoint – which they are. Regarding this second problem, my actions are protected by the First Amendment. Freedom of speech is an essential right, and only the most serious justifications can be used to restrict it. As stated, the situation has resulted in no

QSTR modeling for qualitative and quantitative toxicity prediction of diverse chemical pesticides in honey bee for regulatory purpose

2668 words - 11 pages 2.3 Selection of modeling approach for QSTR model development Since, the experimental toxicity data considered here exhibited complex nonlinearities, it was appropriate to select nonlinear modeling approach for establishing the QSTR models for predicting the toxicities of pesticides in HB. Accordingly, we selected the nonlinear PNN and GRNN modeling approaches for development of QSTR models for qualitative (toxicity classes) and quantitative

QSTR modeling for qualitative and quantitative toxicity prediction of diverse chemical pesticides in honey bee for regulatory purpose

2506 words - 11 pages % - 77.08 % and 74.47 %- 85.94 %, respectively. The results indicate that the toxicity prediction accuracies of both the QSTR models are comparable in two and four-category classification. The results have also shown no obvious over-fitting of the data. The Y-randomization tests were performed both for the two- and four-category classification of pesticides using 5-fold CV procedure. Average values of misclassification rate in two- and four category

An Overview of Two Major Theorists of Anthropology: Lewis Henry Morgan and Franz Boas

1877 words - 8 pages LEWIS HENRY MORGAN Lewis Henry Morgan has been credited as being the founder of American cultural anthropology or more broadly as the father of “American Anthropology.” Many anthropologists at the time were called “arm-chair” academics, meaning that they studied anthropology from a distance while sitting in chairs, reading and thinking; Morgan was not an “arm-chair” anthropologist. He went out into the field to learn about other cultures. As

Response to "Stanley Meets Mutesa" by David Rubadiri, and comparison of "Stanley Meets Mutesa" and "Things Fall Apart" by Chinua Achebe

311 words - 2 pages In the poem, "Stanley Meets Mutesa" by David Rubadiri, a British man, perhaps Stanley, and his party walk for a long time in both harsh and hopeful conditions. When they reach King Mutesa's kingdom, they are not welcomed warmly because the villagers do not trust the British men. Finally, the British men are allowed into the village without a fight. Secondly, throughout the poem the mood is different. In the first two stanzas the mood is harsh

Andrew Carnegie, John Davison Rockefeller, and John Pierpont Morgan: Captains of Industry

905 words - 4 pages the United States’ economy, but society as well. Andrew Carnegie, John Davison Rockefeller, and John Pierpont Morgan reflect the mammoth industrial age of America. Although some may argue these industrialists were “robber barons,” these men were, in reality, “captains of industry” utilizing modern business practices and technology which provided both cheap products and job opportunities for the public, as well as becoming large-scale

Lack of Ethical Behavior in the Cases of Bernie Madoff and Enron

836 words - 3 pages standards or to comply with their companies ethical standards. In some instances some have to choose whether to serve their own personal interests, or the interest of the company. In this essay I will be examining the financial events surrounding Bernie Madoff, and the events surrounding Enron. Bernie Madoff, “a former American stock broker, investment advisor, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has

Enron Corp. was one of the world's largest energy, commodities and services companies

575 words - 2 pages per different theories.B. Corrective actions per theories.AbstractEnron Corp. was one of the world's largest energy, commodities and services companies before its Chapter 11 bankruptcy filing, it marketed electricity and natural gas, delivered energy and other physical commodities, and provided financial and risk management services to customers worldwide. Based in Houston, Texas, Enron was formed in July 1985 by the merger of Houston Natural Gas

Similar Essays

Rob Parson At Morgan Stanley: Exploring Managerial Problems Associated With Performance Appraisal And Performance Management

1530 words - 6 pages 1. Overview.This report presents an independent analysis addressing the insights for important management issues associated with performance appraisal and performance management in the Capital Market Services of Morgan Stanley. The analysis will be focused on identifying the major problems, analyzing the situations, and making feasible and thorough recommendations for the board of Morgan Stanley to improve the existing situations.2. Problem

Studies On Storage Of Mlx Nlc And Possible Toxicity

1188 words - 5 pages 10% were calculated. A good chemical stability of MLX-NLC gel (t90, 281.90days) was observed when stored at 4±2°C It is evident from the data MLX-NLC gel had good long-term physical and chemical stability at 4±2°C and the recommended storage temperature is 4±2°C. 3.6 Toxicity study As reported earlier, MLX is associated with risk of arterial thrombotic events, a functional renal failure, liver dysfunction, and skin reactions particularly at high

The Influences Of Blanche And Stanley

1461 words - 6 pages , Blanche was a true southern belle. Making these connections in the reading specifically giving the aspects of a southern belle Blanche's name has the symbolism of "beauty of the mind and richness of the spirit" (Williams, 1834).Later I'm going to talk about Stanley but first I want to point out the relationship between Stanley and Blanche. These two characters clash many times in the play. Although they try to get along with each other for

The Rise And Fall Of Enron

956 words - 4 pages The Rise and Fall of Enron The objective of every company is to maximize profit, become a big player and remain viable. Enron was no exception the key players at the time were Kenneth Lay CEO, Jeffery Skilling who was hired by Lay in 1990 to head the Enron Finance Corporation and by 1997 Skilling was made President and Chief Operating Officer. Andrew Fastow, CFO who was the chief financial officer of Enron. Enron merged Houston