Enron Roulette Lesson for All
This is what has become of the biggest corporate failure of all time: An eBay member named "laydoff" sold an Enron Code of Ethics book for $300 this month.This is what has become of the biggest corporate failure of all time: An eBay member named "laydoff" sold an Enron Code of Ethics book for $300 this month. An Enron Risk Management manual was selling for $1,025 as of press time. Personally, I had my eye on the sleeve of Enron-logo Titleist golf balls, but at more than $70, that was too rich for my blood. Everything among the hundreds of other items seems to be worth more now to collectors than they were to Enron executives. You can bet that bidders spending money on the items are not former Enron rank and file, many of whom had their retirement savings wiped out by the scandal.
Of course, this humiliation on eBay is nothing compared with what federal regulators are prepared to do to Enron officials, board members and auditors from Arthur Andersen, should they find any wrongdoing in the collapse of the company, which is very likely. Andersen has already dismissed the lead auditor in charge of the Enron account for allegedly leading an initiative to destroy incriminating documents.