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The same was true of Enron's board and they still saw prison time. edit: Apparently I wasn't clear. Enron's board was also stacked with high-ranking politicia
by saryant 11y ago
The same was true of Enron's board and they still saw prison time.
edit: Apparently I wasn't clear. Enron's board was also stacked with high-ranking politicians and many executives still saw jail time.
My point was that a well-connected board won't necessarily shield executives from prosecution.
- chc 11y agoEnron's board wasn't just outfoxing accredited investors, it was taking advantage of the company's accounting fraud to engage in insider trading.
- nilkn 11y agoEnron defrauded the public, not just accredited investors.
- x0x0 11y agoaccounting fraud, not "optimism" (various definitions of optimism)