A definitive new reference on the major failures of American corporate governance at the start of the 21st century.
Tracing the market boom and bust that preceded Enron's collapse, as well as the aftermath of that failure, the book chronicles the meltdown in the telecom sector that gave rise to accounting scandals globally. Featuring expert analysis of the Sarbanes-Oxley legislation that was adopted in response to these scandals, the author also investigates the remarkable market recovery that followed the scandals.
An exhaustive guide to the collapse of the Enron Corporation and other financial scandals that erupted in the wake of the market downturn of 2000, this book is an essential resource for students, teachers and professionals in corporate governance, finance, and law.
Part I. The Stock Market Bubble and Enron
1. The Stock Market Bubble
2. The Enron Corp.
3. The Enron Scandal and Its Consequences
Part II. Full Disclosure and Corporate Governance
4. Full Disclosure
5. Arthur Andersen and Other Scandals
6. Fiduciary Duties and Corporate Governance Principles
Part III. Full Disclosure Fails
7. Telecoms and WorldCom
8. Analysts and Insider Trading Scandals
9. More Scandals and Reform
Part IV. Recovery and Reform
10. Market Recovery
11. Reforming the Reforms