From Enron to Reform

<p>Originally published in 2006, this book examines the collapse of the Enron Corp. and other financial scandals that arose in the wake of the market downturn in 2000. Part 1 reviews the market book and bust that preceded Enron’s collapse. It then describes the growth of Enron and the events that led to its sensational failure. Part 2 examines the role of the Securities and Exchange Commission’s full disclosure system in corporate governance and the role of accountants in that system. Part 3 reviews the meltdown in the telecoms sector and the accounting scandals that emerged. Part 4 traces the remarkable market recovery that followed the financial scandals and the resumption of the growth of finance in America. </p> <p><strong>Part 1: The Stock Market Bubble and Enron</strong> 1. Financial Markets 2. Fraud and Abuses 3. Attacks on the Markets <b>Part 2: The Enron Corp.</b> 1. A Company is Born 2. Enron Growth 3. Enron Fails <b>Part 3: The Enron Scandal</b> 1. Enron Finance 2. Prosecution of Enron Executives 3. Bank Involvement 4. California Trading Scandals <b>Part 4: Full Disclosure</b> 1. Full Disclosure Background 2. The Accountants as Gatekeepers 3. Accounting Reform Efforts <b>Part 5. Arthur Andersen and Other Scandals</b> 1. Arthur Andersen & Co. 2. Full Disclosure Fails 3. The Tyco Scandal <b>Part 6: Fiduciary Duties and Corporate Governance Principles</b> 1. Corporate Governance 2. Fiduciary Duties 3. More Fiduciary Duties <b>Part 7: Telecoms and World Com</b> 1. Telecommunications 2. WorldCom 3. Accounting Problems in the Entertainment Industry and Elsewhere <b>Part 8: Analysts and Insider Trading Scandals</b> 1. The Martha Stewart Case 2. Analysts’ Scandals 3. Mutual Fund Scandals <b>Part 9: More Scandals and Reform</b> 1. Sarbanes-Oxley 2. Sarbanes-Oxley is No Panacea 3. More Fraud 4. Scandal at the New York Stock Exchange <b>Part 10: Market Recovery</b> 1. The Economy 2. The New Year 2003 3. Banking 4. The Year 2004 <b>Part 11: Reforming the Reforms</b> 1. The Myths of Full Disclosure 2. The SEC Fails 3. Repealing the Federal Securities Law. </p>