Topic: Enron Corporation
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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Seven retirement questions you need to answer
Retirement planning isn't easy. Nearly half of Americans don't feel financially prepared to live to age 75, according to a survey from Northwestern Mutual. But the process is a lot less burdensome if you break the task down into simpler parts. Here are seven questions to ask as you plan for your long-term financial security in retirement.
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Top 5 insider trading convictions
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Gallery: CEO exits
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Gallery: Top 10 longest-serving US senators
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Supreme Court rules for president in separation of powers case
The Supreme Court ruled Monday that a board overseen by the Securities and Exchange Commission operated under rules that violated the Constitution's separation of powers clause.
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Gallery: Top 10 longest-serving US senators
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Second Amendment ruling eagerly anticipated from the Supreme Court
Second Amendment ruling will be handed down today as the Supreme Court has its last meeting until the fall.
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Supreme Court ruling boosts Enron executive Jeffrey Skilling
The US Supreme Court narrowed the definition of 'honest services' fraud, throwing out a portion of Enron CEO Jeffrey Skilling’s conviction. It’s a blow to the Justice Department.
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Dusting off ancient Chinese wisdom: No quick fix to a moral problem
A proper market economy is moral in this way: It gives people what they deserve, not necessarily what they want or expect.
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Opinion: US fiscal time bomb is about to explode. Here's how to defuse it.
The bad news is that Washington has to make hard choices now to avert disaster. The good news is that some members of Congress are showing real political courage.
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US financial stress back to Enron scandal days. Hooray!?
An index of financial stress has plunged since last year's panic, but remains near highs reached in the aftermath of the Enron scandal.
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Opinion: Jobs in America: Puritan values must replace MBA values
Jobs in America will return if hands-on managerial culture – the kind the Puritans exemplified and which created US prosperity – replaces the 'professional' MBA approach to business.
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Fraud on Wall Street: Where has SEC been?
In the wake of recent confirmation that Lehman Brothers' balance sheet was bogus, the Securities and Exchange Commission has announced it will look into the accounting practices of two dozen other financial firms.
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Lehman debacle: one of greatest crimes ever?
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Economic stress index is falling
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Impeached ex-Illinois governor Blagojevich faces new charges
An expanded set of indictments in Rod Blagojevich’s corruption case involves 'honest services fraud' under a controversial federal law. It makes it easier for prosecutors, but the US Supreme Court may strike it down.
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Congress wants details about Obama's healthcare reform deals
Democrat Rep. Henry Waxman joins Republicans in calling for details on any deals the White House may have made with special interests in crafting healthcare reform legislation. Did industry groups get special treatment?
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China: the world’s next great economic crash
Like Dubai at the beginning of last year, China is now reaching the peak of a bubble.
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New Year's name game: '00s were the 'Downhill Decade'
With all those zeroes, some are calling the first decade of the 2000s the 'Noughties.' But whatever they name it, most Americans think the decade was pretty much a bummer.
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Supreme Court takes up 'honest services,' or anti-corruption, law
The Supreme Court will hear arguments Tuesday in two cases that explore whether a federal 'honest services' law is too vague. A third case, to be heard later, involves the anti-corruption methods used in convicting former Enron chief executive Jeffrey Skilling.
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Can Congress create agencies insulated from White House control?
The US Supreme Court is considering whether an oversight board created by Congress intrudes on executive branch authority - the latest battleground in the dispute over separation of powers.
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What the Dog Saw
New Yorker writer Malcolm Gladwell delves into everything from Enron to 9/11 to pit bulls.
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Top 5 scariest Halloween costumes from Wall Street
It's been a bear year for business. But this year's scariest Halloween costumes from the business world include a moose. And a vampire squid.
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Israel's Omri Casspi leaps into NBA as his Tel Aviv club totters
Omri Casspi became the first Israeli to play in the NBA on Wednesday. But Maccabi Tel Aviv, the Israeli team that trained him, faces claims of financial scandal triggered by the suicide of a vice president.
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Is Jeffrey Skilling the worst boss ever?
Jeffrey Skilling will get a Supreme Court hearing. Could any bosses be worse than the ex-Enron chief? Here's five.
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Corporate oaths? Now even business students are expected to be ethical
Corporate oaths are the latest trend for business students following globalfinancial crisis
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The Monitor's View: Obama points a finger at Wall Street – and everyone
Yes, regulatory reform needs to pass, but the president also points toward ethical reform.
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The Enthusiast
From spelunking to crochet, every hobby has its magazine. And Henry Bay has served as associate editor at most of them.
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House set to vote on curbs for executive pay
The bill, which could come to a vote Friday, would give shareholders more say over how much money top executives make.
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