Enron's dilemma: A corporate governance nightmare
For example: Violating the wisdom of recommendations by governance reformers, Ken Lay served as CEO and Chairman of the Board.<...Are there more Enrons out there?
Ken and Jeff's not-so excellent adventure is entering a new phase. Both are headed to a jumpsuit jamboree courtesy of the U.S. Federal Government. It took nearly four years but the ex-heads of Enron - Ken Lay and Jeff Skilling - were found guilty as charged last week by a thoroughly non-gullible jury of their fellow Houstonians. The duo will soon be sentenced before...Why is Enron now called Prisma?
After a $60 billion rip-off, this disgraced energy giant sheds its old image of ENWRONG to PRISMA. After paying $665 million in legal fees, the company is restructured under the new identity of PRISMA while some of its executives walk to prison. The PRISMA Corporation<...Founder of Enron, Ken Lay Passes Away
Colorado: Ken Lay, the founder of Enron, who was admitted at the Aspen Valley Hospital with a massive coronary, passed away, in the early morning due to a heart attack//. The founder and the supposed mastermind behind the Enron scandal had succumbed to his illness just months before his impending sentence on his involvement in the scandal. In May the founder of the Enron Corp. was con...