Derek Hong Quotations

Many core MBA accounting courses more vigorously attack issues of ethical dilemmas and awareness in accounting. And many courses help users of financial information unearth inconsistencies and potential accounting red flags.

But even when liability has been imposed, it has ultimately been paid by a combination of corporate directors and officers liability insurance. Settlements in the Enron case may indicate a change to history because individual directors at Enron had to make significant payments from their personal assets.

Enron is truly an authentic emblem of corporate corruption and will serve as an example for quite some time.

A lesson that finance professionals had to relearn after Enron is making sure you understand how the company makes money and making sure you understand why you own stock or bond of a particular company.