Skip to Main Content

Enron ten years on: lessons learned

Monday, November 28, 2011

On 3 December 2001, Enron declared bankruptcy and, echoing the attacks of 9/11, it was a commotion heard around the world. Enron – the darling of Wall Street and apparent symbol of endless prosperity – fell from grace. The company that was audited by the former Big Five firm, Arthur Andersen, had succumbed to the same greedy, self-wealth maximisation behaviour that was prevalent during the (US) Savings and Loan debacle of the 1980s and reminiscent of the patterns that led to the Crash of 1929... Read More

Hubert D. Glover – Accountancy Magazine