Since Enron, Little Has Changed


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Published in the Wall Street Journal, December 4, 2008 by Malcolm Slater & Bill George

Enron’s demise in 2001 and the collapse of some of our most prominent financial institutions this fall share a common root cause: a shocking breakdown in corporate governance resulting from the endorsement of perverse financial incentives by directors, coupled with ineffective monitoring of firm-wide risk.

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  • Read Tom Roth's interesting assessment of a juxtaposition between this WJS article and another WSJ opinion piece in the Grahall Blog titled "Firms Face CEO Pay Scandals and Directors Quit"

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