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Non-Tech : The ENRON Scandal
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To: Baldur Fjvlnisson who wrote (476)1/15/2002 3:21:56 AM
From: Charles Tutt  Read Replies (2) of 5185
 
It is about lack of transparency, which is especially important in a trust-based business. I think the big mistake they made was to try to combine clever accounting and legal constructs (which might or might not prove to have been legal) and secrecy with a business that needs a (nearly?) fiduciary level of trust. One hint of a problem, and it's over.

But that's JMHO.

Charles Tutt (TM)
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