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Entrepreneur April 2002 Jennifer Pellet |
Tough Enough Despite speculations of a kinder SEC, Harvey Pitt is cracking down on business... |
Knowledge@Wharton |
A Rescue Plan to Save the Beleaguered Accounting Industry A new book called Building Public Trust: The Future of Corporate Reporting does not break much new ground, but it does an admirable job of tying together a number of topics that have challenged the accounting industry and providing a framework for financial reporting in the future. |
Wired February 2002 Adam Lashinsky |
The Post-Enron Economy Sometimes it takes a meltdown to force regulators into action... |
Knowledge@Wharton |
Enron's Board Gives Black Eye to Efforts Aimed at Improving Corporate Governance By not keeping Enron from barreling down the wrong track to a rendezvous with catastrophe, the board has given a black eye to efforts by other American firms to improve corporate governance in recent years... |
CFO May 1, 2003 Arthur Levitt |
You Are the Guardians Former SEC chairman Arthur Levitt offers some pointed advice on how to restore confidence in corporate accounting. |
HBS Working Knowledge November 3, 2003 Jim Heskett |
Can Investors Have Too Much Accounting Transparency? The collapse of companies like Enron and WorldCom cost investors tens of billions of dollars. But that amount may be dwarfed by the cost of conforming to new laws driven by those corporate scandals -- laws that are intended to protect investors. |
BusinessWeek October 13, 2003 Robert Kuttner |
The Big Board: Crying Out for Regulation The Grasso pay debacle means the SEC should supervise the NYSE. |
IndustryWeek March 1, 2002 John S. McClenahen |
Goodbye To GAAP? Probably not. But Enron's collapse makes changes in financial regulation likely... |
BusinessWeek September 22, 2003 Nanette Byrnes |
Reform: Who's Making the Grade A performance review for CEOs, boards, analysts, and others |
Knowledge@Wharton June 18, 2003 |
Board Members Feeling the Heat of Public Scrutiny Should Bone Up on Finance, Accounting What you don't know can't hurt you. That old adage may be true some of the time, but not for people serving on boards of directors and audit committees in the wake of recent scandals that have tarnished the reputation of corporate America. |
FDIC FYI July 24, 2002 |
Enhancing Financial Transparency Participants in the conference discussed the strengths and flaws inherent in the U.S. financial reporting process and suggested ways of modifying not only the reporting mechanism, but also the accounting standards that underlie financial statements, audit opinions, credit ratings and analyst reports. |
Knowledge@Wharton |
Corporate Boards Should Focus on Performance, Not Conformance After the corporate governance revolution of the 1990s that led to a new era of accountability to shareholders, the Enron debacle has brought new attention to the role of corporate boards and governance... |
Knowledge@Wharton January 29, 2003 |
Lawyers and Accountants Can Expect Curbs and Compromises in New SEC Rules Recent rules adopted by the U.S. Securities and Exchange Commission to curb the kind of legal and accounting shenanigans that toppled companies like Enron and Arthur Andersen are not as strong as the SEC first indicated they might be. But do they still have enough teeth to work? |
CFO October 1, 2002 Julia Homer |
How Did We Get Here? Much of what happened in the 1990s also happened in the 1980s. Here's hoping we don't do it again. |
Salon.com November 7, 2002 Andrew Leonard |
Pitt is history, but the foxes are still guarding the henhouse So what if the most visible face of Bush's see-no-evil economic policies is gone? Corporate reform is further away than ever. |
Knowledge@Wharton |
Feeling Burned by Accounting Scams in the U.S.? Just Look Overseas Self-dealing and the misappropriation of profits at the expense of minority shareholders is much more common in other countries due to the weaker legal measures protecting such stockholders. |
U.S. Banker August 2002 Holly Sraeel |
Truth is lost amidst chaos, corporate confessionals Not until boards are out of CEOs' hip pockets will investors and companies thrive. Boards should be completely independent, and no board member should have any ties whatsoever to the CEO, his executive team or the company. |
CFO October 1, 2002 Tim Reason |
Reporting: See-Through Finance The market's distaste for complex financing could raise your company's cost of capital, even if you comply with new reporting rules. |
Fast Company May 2002 John Ellis |
Wall Street's Den of Thieves If you follow the trail of deceit from Enron to its natural lair, it only leads to one destination: Wall Street. Here's why... |
BusinessWeek April 25, 2005 Henry et al. |
The Boss on the Sidelines Auditors, directors, and lawyers are asserting their new-age power, and the reason for their defiance is no great mystery. The watchdogs are finally facing genuine liability for their failures. |
Salon.com November 9, 2001 Andrew Leonard |
Enron, we hardly knew ye Ironically, only one thing could have saved the now-imploding corporate poster child for deregulation: Tougher regulations requiring more financial "transparency"... |
Knowledge@Wharton |
Oh, the Games Enron Played The Enron story is not simply a case of a lone company that played with fire and got burned. Enron was able to take enormous risks while keeping shareholders in the dark because it could exploit accounting loopholes for subsidiaries that are available to most publicly traded companies. |
HBS Working Knowledge July 7, 2008 Martha Lagace |
Innovation Corrupted: How Managers Can Avoid Another Enron Companies can take steps to help senior executives avoid the two sources of leadership failure at Enron: personal opportunism and flights to utopianism. |
The Motley Fool March 30, 2006 Robert Aronen |
Enron Still Matters Enron was a catastrophe in the public markets. Individual investors should take a hard look at the trial so they know what happened and how it came to be, with the intent of learning to avoid companies that exhibit the same characteristics in the future. |
Salon.com June 26, 2002 Damien Cave |
Foxes guarding the chicken coop President Bush's nominees to the agency that should have regulated Enron's derivatives trading instead helped write the rules that let the company do whatever it wanted in the first place. |
CFO |
What Must Be Done? The experts weigh in on how to prevent future Enrons... |
CFO October 1, 2002 Alix Nyberg |
Regulation: Pitt and the Pendulum The kinder, gentler SEC Pitt envisioned vanished faster than you can say Arthur Andersen. Can he run a tougher, meaner agency? |
Salon.com October 8, 2002 Andrew Leonard |
In greed we trusted Robert Bryce's Enron book entertainingly chronicles fraudulent excesses and office sex. But was Enron a fluke -- or capitalism taken to its logical extreme? |
HBS Working Knowledge January 17, 2007 Malcolm Salter |
Learning from Private-Equity Boards Boards of professionally sponsored buyouts are more informed, hands-on, and interventionist than public company boards. The author argues that this board model could have helped Enron and perhaps your company as well. |
U.S. Banker April 2002 Robert A. Bennett |
We've Learned Nothing Despite the Enron-Andersen scandal, little has changed, at least so far... |
Salon.com January 19, 2002 Andrew Leonard |
Capitalist pigs The sordid tales of Enron plutocrats looting the company of its treasure as their employees and shareholders faced ruin are enough to turn you into a class warrior... |
CFO Ronald Fink |
Beyond Enron The fate of Andrew Fastow and company casts a harsh light on off-balance-sheet financing... |
U.S. Banker January 2002 |
Trust Big Accounting Firms? Arthur Andersen, the huge accounting firm, hides behind legal technicalities to excuse itself for approving Enron's financial statements. Rather than working for shareholders and investors as it is supposed to, Andersen seems to have done whatever Enron's management wanted it to... |
BusinessWeek July 26, 2004 Paula Dwyer |
The SEC To Top Execs: Read The Fine Print The Ken Lay criminal indictment has overshadowed the parallel SEC civil lawsuit. But corporate insiders and their attorneys would be wise to give the SEC complaint a close read. |
HBS Working Knowledge July 21, 2006 Malcolm S. Salter |
Enron Jury Sent the Right Message The most noteworthy message of the Enron trial is that corporate executives can be convicted in a court of law for a pattern of deception that may or may not be illegal. |
CFO March 1, 2003 Tim Reason |
Two Weeks in January The SEC put much of the Sarbanes-Oxley Act into effect by passing a slew of new rules. Here's what was proposed and what was disposed. |
The Motley Fool July 8, 2004 Bill Mann |
Lay Surrenders, Pleads Not Guilty It took more than two years for to make a case against the executive who lorded over Enron's collapse that federal prosecutors think will stick. |
CFO |
Pitt On The Spot Plus, trade-show taxes... split-dollar life insurance... our quarterly Global Confidence Survey... |
Salon.com January 15, 2002 Andrew Leonard |
Ken Lay: "There are no accounting issues" Even as an executive was warning Enron's CEO of impending problems, he was telling the press that all was well... |
U.S. Banker July 2007 Karen Krebsbach |
Next for Top Court: Securities Fraud Whether banks that help public firms commit fraud are also liable soon will be a question before the Supreme Court. Its decision will affect litigants in the still-simmering Enron case. |