Link to Archive of Weekly Issues Enron: Reporting Derivatives

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The Enron Collapse

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Created: January 31, 2002
Latest Update: February 9, 2002

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Enterprise Liability

Copyright: Jeanne Curran and Susan R. Takata and Individaul Authors, February 2002.
"Fair use" encouraged.

  • Reporting Derivatives

  • NYU Center for Law and Business

    One of the Center's missions is "Policy and Professionalism:

    To contribute to the public welfare through programs of professional education and development, and through the support of scholarship that assists governmental and private policymakers in fashioning change that contributes to enhanced business productivity."
    Notice that this mission goal includes "to contribute to the public welfare" through "enhanced business productivity." It doesn't say through enhanced profit. But it doesn't clarify "enhanced business productivity." Do you suppose that should include responsibility for the welfare of workers and consumers, as well as investors? William T. Allen, Director of the Center, has said of the Enron crisis: There is something very broad-based going on, and it's not anything that passing a couple of laws is going to change." (How Will Washington Read the Signs?By David Leonhardt. February 10, 2002. New York Times. At p. BU 1. backup 1 backup 2 backup 3 backup 4

    Legal concepts we need to consider:

    • enterprise liability
    • fiduciary responsibility