Re: Enron SPV's (Doug's theory)

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

Re: Enron SPV's (Doug's theory)
by Doug Henwood
04 February 2002 20:02 UTC


Yeah, it looks like the rentiers were screwed - at least some of
them, those that didn't get to play with the SPVs. But now they're
pissed, and there's going to be a big fight to reassert their power.

They're also going to have to rethink the use of stock options as a
mechanism for aligning management & board interests with those of
stockholders. Who wants to be too sharp-eyed when the stock is rising
60% a year? There's a positive disincentive to be responsible.

Doug

^^^^^^^

CB: Isn't the reason this won't go away from the NYT headlines that it was rich people that got ripped off ? Same reason that Taubman got convicted of price fixing: he was stealing from people with money.

The best result from a political legal standpoint would be if it was found that Enron and Arthur Anderson did absolutely nothing illegal. This would best demonstrate the inherent corrupt nature of the wallstreet system, expose the charade of business ethics. Getting rich by any means necessary is the name of the game. What's wrong with what Enron execs did ?