Classic story of the excesses and wild, wild west business attitudes that prevailed in the 1990’s and early 2000’s. ENRON wasn’t the only corporation to play by rules that they created on the fly but were possibly the most public and damaging. Through the actions of the ENRON’s and WorldCom’s of the business world came changes in financial reporting, recognition of revenue, and corporate executive accountability. The numerous ENRON executives played by rules that they made with jaw-dropping audacity and ultimately led to the collapse of a major corporation and the public accounting firm that allowed the rules to be broken.
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