Enron With What Is Going Essay

If I was a legislator, I will be doing this act and I will not be swayed or affected by friends and lobbyists alike.

Response to Ji Woo Chai: Indeed, the Sarbanes-Oxley Act was able to put in place controls and measures to prevent the reoccurrence of the Enron scandal. However, there has to be more done because of what occurred before and during the financial crisis. Thus, there may be a need to amend the SOX Act or ratify a new law altogether.

Response to Diana Rakadzhieva1: I agree, no matter how many laws or control mechanisms are put in place, there will still be people who will try to find ways of getting away with things. The new laws and technologies will of course make it more difficult for these nefarious groups and individuals to do their misdeeds. In due time though, they will stop at nothing from engaging into their self-serving actions.

Response to Diana Rakadzhieva2: It seems that Jeffrey Skilling's son, John Skilling, has better morals and values than his father. He may have felt the burden of his father's wrongdoings that he could not face the shame and resorted to what he may deemed then to be the only escape. Too bad John did not heed the adage that, "the sins of the father are not the sins of the son." Response to Derek Blackmore: Trying to control how much CEOs are paid should on the government's top regulatory legislation. As history has shown, this seems to be only focused upon whenever scandals such as Enron occurs; then it dies down. The same issue arose again during the financial crisis and still no concrete legislation has been enacted; as the French say "plus ca change, plus c'est la meme chose." Bibliography: Lehrer, Jim. Corporate Crackdown: Enron. PBS Newshour. 2006. 29 Jul. 2011. ......