Bigger than enron transcript

It was protecting CEOs' pay packages. That's exactly the situation we currently have. American capitalism went into overdrive.

Accountants, he insisted, must think straight, discuss straight and dig underneath the numbers to get to the truth. The roots of the Enron debacle stretch to Wall Street, where the accountants and other watchdogs were supposed to keep score on corporate America and make sure the market is honest.

In the s, more than U. The losses would have been substantially more than that.

Reviews Add a review and share your thoughts with other readers. Although Enron's collapse was more than shattering of one American success story. They will don't work to protect shareholders. Every CEO was out to boost his company's stock by beating Wall Street's expectations, so companies pushed their numbers to the limit - and some, beyond.