Ethics & Compliance
ENRON: 10 Years After
In 2002, Andrew Fastow, former CFO of Enron was indicted on 78 counts of fraud, money laundering, and conspiracy. This followed the December 2, 2001 Chapter 11 bankruptcy filing by Enron which was followed quickly by the liquidation of the company resulting in the elimination of 4,000 jobs, the loss of about $2B in pension value, the evaporation of some $74B in market value for shareholders and the destruction of one of the oldest and most respected auditing firs in the country, Arthur Andersen. Members of the Daniels College of Business and thought leaders in the Denver business community took a look back at the 10 years following the Enron scandal to share their insights on lessons learned and ways business has changed since this unfortunate episode in American business.
If you would prefer to view the video in segments, they are located here.