1. Enron and the Sarbanes Oxley Act
By time the executives got caught, the debt had caused the company to file bankruptcy, and thousands of Enron employees lost their jobs and all of their retirement savings (Jickling). ... Enron was AA's second largest client, paying them a little over $50 million in 2000 for both auditing and consulting services (Buckstein). ... Stock options also cause pay to be excessive and can encourage corporate executives to inflate their earnings so the stock prices rise because the higher the stock price goes, the more money they make. ... Sarbanes Oxley had dramatic and galvanizing effects on the...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate