Abstract

The caselet discusses the various unethical practices alleged to have been committed by Merrill Lynch, a financial services company. It focuses on the relationship between Enron and Merrill Lynch that drew a lot of attention at a time when Enron had become entangled in a scam. The caselet also discusses the face-saving damage control measures taken up by Merrill Lynch.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Need for ethical practices in financial services companies
• Role of Merrill Lynch in the Enron scam
• Merrill Lynch’s unethical practices
• and Was Merrill Lynch victimized in the Enron fiasco?

Keywords

Merrill Lynch & Co. Inc (Merrill Lynch), financial management advisory companies, banking and financial services businesses, controversies