Tag Archive for ‘Enron’
Adding Value and Values to the MBA
When students return to campus in coming weeks, so will debate about the purpose of management education and the role of ethics. Columnist Gael O’Brien wonders whether current business leaders will support training new leaders in skills and competencies that support new models of business – or will it be simply business as usual?
Supreme Court Ruling Narrows Honest Services Law
In a decision with far-reaching implications for the prosecution of corruption and fraud cases in the United States, the U.S. Supreme Court ruled that the federal government’s “honest services” law could be constitutionally applied only to cases involving bribery and kickbacks. The decision was a partial victory for two high-profile executives – Jeffrey Skilling, former CEO of Enron, and Conrad Black, former chairman of Hollinger International.
The “Dark Side” of Independent Board Members
Independent directors have strong incentives to quit a company’s board precisely when they are most needed, creating an economically significant “dark side” affecting future performance, according to an academic study. The study found that in the wake of surprise outside director departures firms have worse stock and accounting performance as well as a greater likelihood of earnings restatements and shareholder lawsuits.
U.S. Supreme Court Nears Ruling on Honest Services Law
The statute is an issue in three cases before the Supreme Court this term – involving former Enron chief executive Jeffrey Skilling, Hollinger International chairman Conrad Black and former Alaska lawmaker Bruce Weyhrauch – and it could have implications for hundreds of criminal cases involving public officials and business executives convicted or charged with fraud.
Enron on Broadway: No Accounting for Bad Behavior
“Enron” the play tries hard to stimulate, dazzle and entertain. The problem is that it tries too hard. In the process it dilutes the authentic drama and power of the story behind Enron the company, a real-life corporate tragedy that really needed no embellishment.
Whistle-Blowing Found Effective in Targeting Corporate Misdeeds
Whistle-blowing by employees and insiders is a “useful mechanism” for uncovering corporate misbehavior, with clear economic and governance impact on the companies involved, according to a new academic study.
Opinion: Choosing Business Leaders with Integrity
A business executive who happens to also be a former Catholic monk has his own unique litmus test for gauging executive credibility and trust. “How can I tell if an executive is trustworthy?” he asks. “What are the signs to look for in promoting leaders in this new era of doubt and suspicion?”
PODCAST: The Failure of Corporate Boards and the Price We All Pay
If you’re one of the many trying to determine where blame might lie for the financial and economic crises of the last two years, John Gillespie would suggest you look in the corporate boardroom. Gillespie is co-author of a new book – Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions – which is rich with unfortunate detail about the performance of corporate boards. Download a Business Ethics podcast featuring an interview with John Gillespie.
BOOKS: The Failure of Corporate Boards and the Price We All Pay
If you’re one of the many trying to determine where blame might lie for the financial and economic crises of the last two years, John Gillespie and David Zweig would suggest you look in the corporate boardroom. Their new book – “Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions” – is rich with unfortunate detail.
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