It’s the kind of historic anniversary few people really want to remember. In early December 2001, innovative energy company Enron Corporation, a darling of Wall Street investors with $63.4 billion in assets, went bust. It was the largest bankruptcy in U.S. history. Some of the corporation’s executives, including the CEO and chief financial officer, went to prison for fraud and other offenses.
How The Enron Scandal Changed American Business Forever
Simon Constable, Time: Business
Thu, 12/02/2021 - 11:06am
Topics: december wall street u.s ceo arthur andersen u.s u.s jack ablin cresset capital u.s u.s iras survey consumer finances u.s reserve s&p u.s ipo main street usa immediately congress cfos sarbanes-oxley steve hanke johns hopkins university justice department securities exchange commission quickly u.s bank robert wright american institute economic research companies april netscape facebook special acquisition corporations spacs theranos delaying put ldquo;now enron a u.s in that americans main street sarbanes-oxley the hanke uber spacs public stock billion executives stocks listed costs senior trust people world needed burden don truth consequences time risk direct government requirements employ drop don’t venture profits rules
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