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Non-Tech : The ENRON Scandal
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To: Mephisto who started this subject2/7/2002 11:28:17 PM
From: opalapril  Read Replies (2) of 5185
 
The gathering defense strategy of Skilling, Lay, et al. -- that while at the top of the heap they didn't know anything about their company -- inspires this question: Why not anticipate Wall Street's next bogey-man scare? Right now it's balance sheet accounting. For the next one, my nominee is: companies with grossly over-paid morons at the helm. It's way past time analysts started down grading companies with pusillanimous boards that routinely approve ridiculously high CEO salaries.
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