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Enron didn't fall alone. Adelphia, Worldcom, Tyco, Arthur Anderson, ImClone, Global Crossing, Mirant, Qwest, and others... There was a lot of fallout beyond En
by ineedasername 4y ago
Enron didn't fall alone. Adelphia, Worldcom, Tyco, Arthur Anderson, ImClone, Global Crossing, Mirant, Qwest, and others...
There was a lot of fallout beyond Enron, either directly because of Enron's collapse or indirectly because all of a sudden people looked a little harder at corporate accounting in places where there had been strong scents of financial BS.
In short, if we're using Enron as a comparison point, we're talking about systemic shockwaves through two systems (power industry & corporate accounting)