"Publicity refers to the generation of news about a person, product, or service that appears in broadcast or print media" (Belch 584). Many say that any publicity is good publicity. However, what about publicity that truly is not all that "good" in nature? This comes into play specifically when it comes to people. Exhibit A: Jeff Skilling One example of bad publicity is in the case of the energy company Enron and its former president Jeff Skilling. Enron’s bankruptcy in 2001, after allegations of substantial accounting fraud, wiped out $78 billion in stock market value. This also led to the collapse of Arthur Andersen and the passage of the Sarbanes-Oxley Act of 2002. A class action settlement of $7.185 billion was the largest in history. Former President/CEO Jeff Skilling is serving a 24-year sentence as a result. (Forbes) Jeff Skilling’s responsibility for Enron’s accounting fraud got huge publicity in the early to mid 2000s. ...
A collegiate blog assignment created in 2014.