Ken Lay and two other top EnronĮxecutives, former President and CEO Jeff Skilling and Chief Accounting That Enron's collapse was only the first in a wave of accountingįraud scandals that would inflict huge financial losses and erode publicĬonfidence in the nation's financial markets.įast forward to December, 2005. Trough, doling out more than $100 million in bonuses to themselves andĭelivering the checks by plane on the eve of the largest corporateīankruptcy filing in United States history. These dire financial straits, Enron executives behaved like pigs at the ![]() Publicly disclosed record fourth quarter shortfalls. ![]() Warned of an "elaborate accounting hoax" (3) that hadĭisguised fraud on a magnificent scale, and not long after Enron had It was December, 2001-a few months after Enron CEO Ken Lay was I wish we had never heard of Bernie Ebbers. There may never have been a worse time to be a corporate criminal. ![]() APA style: In Enron's wake: corporate executives on trial.In Enron's wake: corporate executives on trial." Retrieved from 2006 Northwestern University, School of Law 01 Aug. MLA style: "In Enron's wake: corporate executives on trial." The Free Library.
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