FOUR YEARS LATER, ENRON'S SHADOW LINGERS AS CHANGE COMES SLOWLY

The New York Times ^ | 5 January 2006 | Stephen Labaton

[MeneMeneTekelUpharsin]

WASHINGTON, Jan. 1 - America's corporate chieftains would prefer that Enron just go away.

But four years after the company's ignominious collapse, Enron's former top executives are about to head to a climactic criminal trial later this month, serving as a reminder that changes in the behavior of many American companies have been more muted than many once expected. Despite an array of new and expensive laws and regulations that were adopted to tighten corporate oversight after the wave of scandals earlier in the decade, serious accounting problems continue to trouble publicly owned companies. In the last year, a record number have been forced to correct erroneous earnings statements, which often led to sharp stock declines.

[MeneMeneTekelUpharsin]

Maybe things will begin to normalize in the utility industry now.

[OldFriend]

NYSlimes looking to recycle Bush bashing.

Can the old Bush was AWOL bullship be far behind.

How about a screed against Haliburton for next week.

[ClaudiusI]

Well, it IS 2006 now.
Perhaps they feel they need to get a running start.

[Flavius]

it will be a stellar year for markets, they passed a new get out of jail card deal yesterday,

the free for all will resume, between that and naked shorting,
this year should be very profitable if you don't leave the cash on the table...

[cynicom]

Justifying and defending unbridled capitalism corruption and greed is becoming obscene.

Adelphia is a prime example. The founder was finally restricted to "pocket change" of a million a month, even though everyone at the top knew of the fraud and corruption.

On paper it looked like another winner while in reality it was just another greed and fraud infested capitalist weak sister. Would be capitalist investors were lined up to give them their money.

[Niteranger68]

(yawn....)

[RayChuang88]

Why is the New York Times trying to beat a dead horse again?

Haven't they learned from the Enron scandal experience that when people realized most of the Enron shenanegans happened during the Clinton Administration, the Democrat attack dogs backed off in no time flat?