WSJ: Enron's Legacy WSJ: Enron's Legacy

An article in the WSJ asks in Enron's Legacy why:

"Enron" has become a totemic word, a stand-in for corporate greed, deception and malfeasance. The verdicts now being considered by a jury against the company's two former CEOs, Ken Lay and Jeffrey Skilling, won't change that.

I think that the answer is several-fold. First, as they note, it was one of the first. Secondly, as one of the commenters pointed out, it ended up costing CA a lot of money. But the other reason is probably the biggeest - the company was closely identified with the Administration, and identifying corporate scandals with Enron was designed by the MSM to tie it to the present Administration (see Culture of Corruption below).

Also, they, and a lot of others moan about the demise of Arthur Anderson. I am not. It got to be the biggest by cheating. Feeling sorry about those who benefitted from that doesn't make sense.