Are we still living in Enron’s world? Business 20/20
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- Business
There is much about the Enron scandal that feels of its moment—but not everything does. A culture of celebrity surrounding business leaders is arguably deeper entrenched today than in 2001, when Enron filed for bankruptcy. And, as recent scandals like Theranos demonstrate, Enron wasn’t the last fall from grace to capture the public’s imagination. This episode looks back on Enron, Tyco and Worldcom to consider what has and has not changed since those scandals. Its focus is on their aftermath: efforts in Congress and in academia to change business conduct for the better. What have we learned about how to stop companies from going bad?
There is much about the Enron scandal that feels of its moment—but not everything does. A culture of celebrity surrounding business leaders is arguably deeper entrenched today than in 2001, when Enron filed for bankruptcy. And, as recent scandals like Theranos demonstrate, Enron wasn’t the last fall from grace to capture the public’s imagination. This episode looks back on Enron, Tyco and Worldcom to consider what has and has not changed since those scandals. Its focus is on their aftermath: efforts in Congress and in academia to change business conduct for the better. What have we learned about how to stop companies from going bad?
17 min