“Enron’s deadly sin was hubris, which lead people to believe they could handle the increasingly toxic risk without danger.” (Rosoff, 1998) The company was the face of the New Economy of the 21st century. “If a corporation whose recklessness and dishonesty has devastated thousands of innocent victims and hung a cloud of public distrust over American financial markets even deserves an epitaph, perhaps a fitting one can be paraphrased from The New York times: Enron was not much of a company, but it was one hell of a stock.” (Rosoff, 1998) Enron’s lethal consequences resulted in other new compliance measures. “Additionally, the Financial Accounting Standards Board substantially raised its levels of ethical conduct. Moreover company’s boards of directors became more independent, monitoring the audit companies and quickly replacing corrupt management.” (Investopedia,
“Enron’s deadly sin was hubris, which lead people to believe they could handle the increasingly toxic risk without danger.” (Rosoff, 1998) The company was the face of the New Economy of the 21st century. “If a corporation whose recklessness and dishonesty has devastated thousands of innocent victims and hung a cloud of public distrust over American financial markets even deserves an epitaph, perhaps a fitting one can be paraphrased from The New York times: Enron was not much of a company, but it was one hell of a stock.” (Rosoff, 1998) Enron’s lethal consequences resulted in other new compliance measures. “Additionally, the Financial Accounting Standards Board substantially raised its levels of ethical conduct. Moreover company’s boards of directors became more independent, monitoring the audit companies and quickly replacing corrupt management.” (Investopedia,