After Enron: Lessons for Public Policy by William A. Niskanen (Editor)

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Synopsis

Niskanen (chairman of the Cato Institute) presents the second book to result from his organization's project assessing the major policy lessons to be drawn from the collapse of the energy giant Enron. While the earlier Corporate Aftershock: The Public Policy Implications of Enron and Other Corporate Disasters (2003) focused on lessons specific to energy markets and the specialized financial instruments used by Enron, this collection of 20 papers consider broader issuers of corporate governance and regulation, including accounting problems and their alternatives, the failure of the entire Enron auditing chain, provisions of the tax code that influence the character of executive compensation and promote the conditions leading to bankruptcy, and corporate governance rules that have shifted power to corporate managers relative to shareholders over the past few decades. Annotation ©2004 Book News, Inc., Portland, OR