“The outcome of the criminal trial of former Enron Corp. executives Kenneth L. Lay and Jeffrey K. Skilling, which opens today, will write the coda to four years of battle over whether government can effectively police corporate wrongdoing.” (Washington Post, Monday)
Perhaps more important than guilt or innocence are the lessons learned from the episode.
FEE Timely Classic
“Enron and Argentina Are Examples of Market Failure? It Just Ain't So!” by Thomas J. DiLorenzo