Understanding Risk Management And Compliance – January 2012
On December 2, 2011, we had the 10-year anniversary of Enron filing for Chapter 11 bankruptcy.
This bankruptcy, which was at the time the largest in corporate history, led to the creation of new laws and regulations, including the Sarbanes Oxley Act.
The Sarbanes-Oxley act was enacted on July 30, 2002, less than a year after Enron filed for Chapter 11.
Capitalism at Work: Business, Government and Energy
Capitalism took the blame for Enron. Yet Enron was anything but a free-market enterprise, and company-architect Ken Lay was hardly a principled capitalist. On the contrary, Enron was a politically dependent company and, in the end, a grotesque outcome of America s modern mixed economy. That is the central finding of Robert L. Bradley s Capitalism at Work: The blame for Enron rests squarely with political capitalism - a system in which business interests routinely obtain, and employ government intervention for their own interests ...
