A Financial History of Modern U.S. Corporate Scandals : From Enron to Reform.

The author of the award-winning trilogy A Financial History of the United States now provides a definitive new reference or the major failures of American corporate governance at the start of the 21st century. An essential resource for students, teachers and professionals in business finance, and se...

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Bibliographic Details
Main Author: Markham, Jerry W.
Format: eBook
Language:English
Published: Hoboken : Taylor and Francis, 2015.
Subjects:
Online Access:Click for online access
Table of Contents:
  • Cover; Half Title; Title Page; Copyright Page; Table of Contents; Preface; Acknowledgments; Introduction; I. The Stock Market Bubble and Enron; 1. The Stock Market Bubble; Financial Markets; The Market Boom; Raising All Boats; Run-Up in IPO Prices; Structured Finance; Collateralized Debt Obligations; New Instruments; Commodities Futures Modernization; Traditional Markets; Electronic Communications Networks; Broker-Dealers; Merger Activity; Fraud and Abuses; Fraud Schemes; Ponzi Schemes; Electronic Fraud; Pump and Dump Schemes; Other Problems; Executive Compensation; Expensing Options.
  • Attacks on the MarketsThe First Attack; The Market Reacts; The Fed Reverses Course; Economic Decline; The Damage Is Done; Deficits and International Problems; Prelude to September 11; The 9/11 Attack; Restarting Wall Street; Coping With Terror; 2. The Enron Corp.; A Company Is Born; Creating a Name; Enron's Management; Jeffrey Skilling; Andrew Fastow; Enron Values; Pipeline Operations; Deregulation; Trading Operations; Mark-to-Market; Wind Farms; Foreign Operations; Foreign Problems; Enron Growth; Enron Online; Electricity Market; Broadband; Merchant Investments; Financial Results.
  • Fancy FinanceHalcyon Days; An Icon; Special Purpose Entities; Securitizing the Balance Sheet; Cactus and JEDI; Beneath the Mask; Enron Fails; The Death Spiral; Sherron Watkins; Accounting Disclosures; LJM; New Power Company; Implosion; Chewco; Whitewing; Influence Fails; Death Throes; Bankruptcy; The Powers Report; Media Circus; Congressional Hearings; 3. The Enron Scandal; Enron Finance; The SPEs; Debt and Equity; Nikita, Backbone, and Others; Blockbuster; Business Model and Disclosure; Executive Bonuses and Stock Sales; Employee Losses; Lockdown; Other 401(k) Problems.
  • Prosecution of Enron ExecutivesOther Abuses; Andrew Fastow; Extorting a Guilty Plea; Lea Fastow; Other Defendants; Kenneth Lay; Jeffrey Skilling; Bank Involvement; Prepaid Forward Transactions; The Prepays; The Sureties; Citigroup; Liability of Financial Institutions; Merrill Lynch; Other Institutions; California Trading Scandals; California Deregulates; Flawed System; Enron Games the Market; Crimes and Investigations; Round-Trip Trades; II. Full Disclosure and the Accountants; 4. Full Disclosure; Full Disclosure Background; Disclosure History; The Panic of 1907; Federal Actions.
  • Blue-Sky LawsThe Stock Market Crash of 1929; Franklin D. Roosevelt; Laying the Groundwork for Full Disclosure; The Securities Act of 1933; The Securities Exchange Act of 1934; The Accountants as Gatekeepers; Disclosure Requirements; FASB; Certification; Early Accounting History; Accounting in Great Britain; British Accountants Move to America; Homegrown Accounting; Licensing Accountants; Accountants' Liability; Accounting Shortcomings; Accounting Problems Spread; Flaws in Full Disclosure; Accounting Reform Efforts; The Metcalf Report; The Cohen Committee; The Treadway Commission.