Business after Enron.

PositionFrom the Publisher - Brief Article

Along with several other sectors, business also has taken it in the chops of late.

Six months after the dastardly deeds of 9-11 when so many hundreds of thousands of lives were turned around and upside down, and so many lost loved ones, jobs and security-and many businesses lost not only their business but, worse, their employees-just when darkness was turning to dawn, along comes Enron!

It is almost impossible for good and true business owners, managers and leaders to comprehend how shameful are the allegations in the Enron debacle. Not that some businesses haven't in the past, or might in the future, commit acts of poor judgment, the deception, deceit and downright trickery said to be perpetrated by Enron upon its stockholders, employees and the public are unforgivable, and in stealthy ways, casts shadows of doubt on business in general.

THE GOOD OL' DAYS?

It is not easy to tell who is of greater fault-Enron or its advisors. "How's that again?" you may ask. "Enron's advisors?" Right. Enron's advisors-its accountants and attorneys-both of whom, by the old standards, were to be internal, and when necessary, the external, whistle-blowers.

But that all went away as the "info age" came in with the whiz-bang, get-rich-quick schemes that were sometimes a part of it. When accountants began consulting as well as accounting, the bars dropped to the floor and conflicts of...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT