Enron

Discussion in 'TRIBE Main Forum' started by Zer0G, Jan 14, 2002.

  1. Zer0G

    Zer0G Well-Known Member

    http://www.time.com/time/business/article/0,8599,193520,00.html


    Yes, this is real.
     
  2. lucky1

    lucky1 TRIBE Member

    ... companies named after star wars characters?!
     
  3. graham

    graham Well-Known Member

    The shell corporations with creative names is normal practice, it's about tax treatment and liability. It's the accounting irregularities, and document shredding that doesn't make much sense. It raises the issue of ethical walls in the treatment of a company's accounting, and operations. With Andersen acting as both internal and external auditor, the potential for something like this was certainly increased. The fees are just too attractive to responsibly satisfy both sides. It'll probably result in some criminal convictions, and cost the head personnel at Andersen their jobs. Weird.
     
  4. graham

    graham Well-Known Member

    you have to call it something, and it's only there for the purpose of structure (tax implication, legal liability chain), and the flow of money and assets. If the choice is between Boba Fett Inc., and 1308765 Ontario Inc., I'll take Fett.
     

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