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Corporations
The collapse of Enron in late 2001 began a wave of corporate scandals unparalleled in U.S. history. Corporate cheating has cost many Americans their retirement savings, undermined investor confidence in the stock market, and highlighted the need for much stronger government regulation of big business. Today, it is far from clear whether real reform will occur or whether many of the executives responsible for the recent scandals will ever be brought to justice.
Focus
Trials and
Settlements
Former Enron CEO has surrendered to federal authorities after being indicted on fraud, perjury, and insider trading charges
In Tyco trial, prosecutors face formidable challenges in securing convictions against CEO Dennis Kozlowski and CFO Mark Swartz for alleging looting the company of $600 million.
Jury convicts Rite-Aid executive, October 17, 2003. Rare success against high-level corporate thieves.
X10 Technologies forced to pay California teenagers over $4 million for stolen proprietary information technology
Reform Watch
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FOCUS: Frank Quattrone Case
The hung jury in the Frank Quattrone case illustrates the major obstacles to bring corporate wrongdoers to justice.
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FOCUS: HealthSouth Scandal
Background Information on Corporate Scandals
Summary of recent corporate scandals by the Corporate Library
Corporate Crime Reporter; daily tracking of corporate crimes
Recommended Reading
How Deceit and
Risk Corrupted the Financial Markets
by Frank Partnoy
The Amazing Rise
and Scandalous
Fall of Enron
Writing of the Year
ed.
Infectious
Greed: 
Smartest Guys in the Room:
by
Bethany McLean,
Peter Elkind
The Best Business Crime
Dot.con:
How America Lost Its Mind and
Money in the Internet Era
by John Cassidy