Sarbanes-Oxley - Past, Present and Future Paper

Professor Lewis Kerman
Published Date: 
1 Sep 2011

Most of us remember the debacle of the Enron collapse. In an astounding revelation of risky “off-book” enterprises, Enron’s investments paled, and the company imploded as confidence sank to zero. Employees, whose entire pensions were invested in the company’s stock, were left with nothing. Stockholders were left with nothing. “Whistler-blowers” did their best to help convict a large number of Enron big-wigs, but the whistle-blowers got nothing too. But as of 2011, only a few were convicted, and Ken Lay, its president, died before his appeals were up, so technically, he’s never been convicted…

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