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Abstract
Sherron Watkins, who was selected as one of Time magazine''s ''Person of the Year'' for her role as the whistleblower in the Enron scandal, presents her personal opinions on what went wrong at Enron as well as what is wrong with the whole system that this country''s equity market relies on to function properly. Not only did Enron''s management and consultants fail the company''s shareholders and employees, but the market and watchdog agencies also failed to protect shareholder interests as well. The successful functioning of the capitalist system requires the exercise of moral as well as economic and political responsibility.
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Abstract
Sherron Watkins, who was selected as one of Time magazine''s ''Person of the Year'' for her role as the whistleblower in the Enron scandal, presents her personal opinions on what went wrong at Enron as well as what is wrong with the whole system that this country''s equity market relies on to function properly. Not only did Enron''s management and consultants fail the company''s shareholders and employees, but the market and watchdog agencies also failed to protect shareholder interests as well. The successful functioning of the capitalist system requires the exercise of moral as well as economic and political responsibility.