Wednesday, September 30, 2015
Volkswagen May Be Worse Than Enron
Enron was a criminal enterprise. Business schools use Enron as a case study that shows how a corporation can be corrupted by its leaders. This article in the Financial Times argues that Volkswagen's damage to society may exceed the damage caused by Enron. It provides seven kinds of damage related to VW's emissions scandal that support its conclusion. Beyond the legal liabilities and reputational damages to the German car industry, VW has contributed to environmental pollution, and its actions have made it more difficult to explore technological solutions to our environmental problems.