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The Swamp: Ken Lay’s gone, his impact remains

The Swamp: Ken Lay’s gone, his impact remains

by Rick Turoczy on July 5, 2006

Kenneth Lay of Enron changed American business, but probably not in the way that he would have preferred. Reaction to his company’s rapaciousness went beyond the indictments and convictions, beyond the justifiable anger of shareholders and employees who lost their shirts.

Congress passed the Sarbanes-Oxley law requiring more accountability by corporations, their leaders and their boards of directors. There is much more focus these days on conflicts of interests in business, and the auditing profession has had to change its cozy ways in order to maintain credibility.

The Swamp: Ken Lay’s gone, his impact remains

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