Corporate America's woes, continued - Enron: one year on; The anniversary of a shocking bankruptcy.
Economist (US), The, November, 2002
The aftershocks from Enron's downfall a year ago still reverberate
DECEMBER 2nd sees the first anniversary of the bankruptcy of Enron, once the seventh-biggest company in America. The downfall of the Texas energy-trading giant dealt a blow to corporate America from which it has still to recover. After a decade of uncontested dominance, the superiority of American-style capitalism was suddenly in doubt. New laws were passed this summer, but there remain plenty of questions about the future shape and appropriate regulation of corporate America.
Enron's original sin was to remove big liabilities from its balance sheet and put them into "special-purpose entities", financial structures whose special purpose seemed to be to remove unpleasantness from the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
