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The Enron attitude is still alive and kicking

The Enron attitude is still alive and kicking

by Toby Lucich on April 29, 2007

The ghost of Enron still haunts Charles Niemeier.

More than five years after the energy trader’s collapse, Niemeier worries that the lessons of its failure are being ignored.

“What scares me the most about Enron is not what they did wrong, but what they did right,” he said. “They took the rules and used them to build a massive illusion.”

Niemeier, a member of the Public Company Accounting Oversight Board, fears too many companies see Enron as an aberration rather than a symptom of a larger problem.

The Enron attitude is still alive and kicking

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