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Wetherly and Otter: The Business Environment

Chapter 13

In recent years, the Enron scandal in the United States is perhaps the most telling example of the interactions between business and the authority of the law. The scandal was truly international, implicating Enron associates both in business and political realms and leading to multiple prosecutions. Briefly explain what happened. Why did the market fail and, in your opinion, does the Enron case exemplify the authority and power of the law over business?

See:
http://news.bbc.co.uk/1/hi/business/1780075.stm

http://news.bbc.co.uk/1/hi/business/2024157.stm

http://www.businessweek.com/magazine/content/02_04/b3767701.htm