Enron was a game changer in the business world in 2001. It changed the way companies are regulated by the SEC and how they keep their books due to SOX being passed shortly after. In this case what happened to Enron is looked at by the majority as a bad moment in business world; the biggest bankruptcy to date. Sometimes being a game changer though is a good thing. Without the collapse of Enron other companies shady accounting practices would never have come to light and in turn could have caused greater financial turmoil than Enron did. Sometimes the bad needs to be brought to light to see some good that could come from the situation. The collapse of Lehman again was a game changer that needed to occur so other companies could realize their faults and so the government could step in. Although this again was looked at as a financial tragedy and was one of the sparks of the Great Recession this essentially needed to happen so other financial services firm could realize that they had serious leveraging issues. Although it is hard to point out good things that have come from this recession it is easy to say that companies have realized their faults, the government has stepped in to curb the outrageous profits of the “too big to fail” banks and individuals in general have put their spending and financial decisions under a microscope.
The Cloud#occupy Africa AIG America baseball Best of Blog Breakfast at Tiffanys bucknell Bucknell University Business Business Ethics Campus Campus Theatre capitalism CEO corporate responsibility Corporations Countrywide Credit Agencies economics Economy Education Empathy employment Enron Ethics Facebook Film finance Financial Services food Fraud Friedman funny Globalization Google government higher education ideologies inequality Kiva labor abuse lewisburg Lewisburg Pennsylvania Loan media Money Movie New York City NFL Nigeria Nike North by Northwest Occupy Wall Street People policy politics Protest protests rawls Richard Rorty Saro-Wiwa Shell Social Responsibility Society sports steroids Student tax United States utilitarianism Wal-Mart Wall Street Walmart writing
Hot Off The Press…