Catholic Social Teaching and CEOs

1. Catholic Social Teaching and CEOs Matt, Gina and Katherine

2. Overview • Kenneth Lay Background • Jeffery Skilling Background • Catholic Social Teaching • Catholic Social Teaching Applied to Lay& Skilling • Conclusion

3. Kenneth Lay • Born 1942 • Economics University of Missouri • Served in the Navy • Federal Power Commission • Energy Deputy for US Department of Interior • 1984 laid foundation for Enron

4. Jeffrey Skilling • Born 1953 • M.B.A. from Harvard • Three Children • Divorced and remarried • 1990 hired by Kenneth Lay • 2001 named CEO of Enron

5. Dignity of the Human Person • Created in image of God- People are worthy of respect as a member of the human family • Did not show their share of respect to the people of the country: • California Energy Crisis

7. Respect for Human Life • Every person has inherent dignity and the right to life • Didn’t show themselves much dignity with their actions

8. Association • Every person is sacred and social part of our society, economy, law and policy • Lied to government officials and shareholders on many occasions

9. Participation • The right and duty to participate in society, seeking common good • Used inside information to leave company before the crash—not seeking common good

10. Preferential Protection for the Poor and Vulnerable • Helping those in need: hungry, thirsty, homeless, sick, etc. • Their actions ended with employees losing jobs, pensions, etc.

11. Principle of Solidarity • One interdependent human family • Ken Lay and Jeff Skilling abandoned the company and its employees as it was going down

13. Principle of Stewardship • We show God’s respect by our stewardship of creation • Stewardship: ethic that incorporates responsible planning and management of resources • Lay and Skilling used their knowledge and resources to only benefit themselves and increase their own profits while disregarding the wellbeing of their employees and investors

15. Principle of Subsidiarity • Roles of voluntary associations and the limits of government • The government’s role in the collapse of Enron did not take full effect until all the damage was done. • The trials of the individuals involved were for the most part successful.

16. Principle of Human Equality • Cultural discrimination in fundamental rights are not compatible with God’s design • Lay and Skilling saw themselves as above everyone else, only protecting their own needs

18. Principle of the Common Good • Proper communication concern is the antidote to unbridled individualism • Lay and Skilling did not communicate with the workers underneath them, therefore leaving them in the dark. • Their lack of communication led to the downfall of the company and the wellbeing of all employees

19. Conclusion

20. Works Cited • http://www.youtube.com/watch?v=O3Wv7I2rUJY • http://www.youtube.com/watch?v=dImyvXDNmQw • http://www.youtube.com/watch?v=KWrXZzzq1B0 • http://www.youtube.com/watch?v=W_NxYUpLE6A • http://www.youtube.com/watch?v=lI6O3RV7Ltk