The Guardian (Free subscription) | 11/25/2009
... be more pernicious there. When a highly paid rogue CEO such as Enron's Kenneth Lay or WorldCom's Bernie Ebbers creates or condones a culture of deception in a misguided effort to boost their firm's stock price, the consequences for the employees and stock-holders of the company can be severe. And when a Wall Street CEO levers up their firm's equity capital 30 or 40 to one in search...
The Business Insider (Free subscription) | 11/23/2009
... epoch of corporate greed and personal profligacy, circa a decade ago. Yet along with WorldCom's Bernie Ebbers and Jeffrey Skilling -- serving their own long sentences -- Kozlowski now looks like small fry in the sea of financial shenanigans. The question is whether that makes him a template for prosecutors today or a scapegoat deserving retrospective leniency. I would suggest the...
Pardon Power (Free subscription) | 11/23/2009
... epoch of corporate greed and personal profligacy, circa a decade ago. Yet along with WorldCom's Bernie Ebbers and Jeffrey Skilling -- serving their own long sentences -- Kozlowski now looks like small fry in the sea of financial shenanigans. The question is whether that makes him a template for prosecutors today or a scapegoat deserving retrospective leniency. I would suggest the...
SimoleonSense (Free subscription) | 11/25/2009
... be more pernicious there. When a highly paid rogue CEO such as Enron’s Kenneth Lay or WorldCom’s Bernie Ebbers creates or condones a culture of deception in a misguided effort to boost their firm’s stock price, the consequences for the employees and stock-holders of the company can be severe. And when a Wall Street CEO levers up their firm’s equity capital 30 or 40 to one in search...
24/7 Wall St. (Free subscription) | 11/23/2009
... destroyed after the ’90s Clinton boom, along with Tyco’s Dennis Kozlowski and Worldcom’s Bernie Ebbers. This time around, after the relatively mild and certainly overrated “Bush Boom,” Wall Street will likely take the lion’s share of the blame for the uncertain economy. Popular history will say that Wall Street “overconsumed” when it came to risk and that the result was a near collapse...
Forbes (Free subscription) | 11/23/2009
... destroyed after the '90s Clinton boom, along with Tyco's Dennis Kozlowski and Worldcom's Bernie Ebbers. This time around, after the relatively mild and certainly overrated "Bush Boom," Wall Street will likely take the lion's share of the blame for the uncertain economy. Popular history will say that Wall Street "overconsumed" when it came to risk and that the result was a near collapse...
