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Non-Tech : The Enron Scandal - Unmoderated
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To: Patricia Trinchero who wrote (234)1/15/2002 10:51:52 PM
From: Lazarus_Long   of 3602
 
Enron is fully bloated.
Not any more.

What shocked me was that Enron was on the NYSE and not the Bulletin Boards.
Why? At some point in the past they met the listing requirements.

When it's all over they may still be trading with Pink Sheets.
Unlikely. More like death by bankruptcy. If they're not already there, they will be when the suits are done.

It is quite paramount that auditors become independent of management.Enron was paying Andersen several million dollars a year. That's alot of incentive to keep the contract lucid. What a grease job.
No, this is the way business has been done to this point. Most of the time it has worked fine. Not always, though. It does seem a new method is needed to better ptotect stockholder interests.
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