Watching Government: Lingering legacies

06/24/2002
The Department of Justice June 15 received an early victory against Enron Corp.'s former auditor, Arthur Andersen LLP, in a Houston federal courtroom for a single felony count of obstruction of justice. Yet the US government's role in preventing other corporate financial scandals is still unfolding.On the judicial front, the attention is expected to turn to Enron itself and allegations of fraud committed by senior management to keep stock prices high. Other, nonenergy companies are also being investigated for stock manipulation and related misdeeds. But soon enough those trials will also be over, leaving industry and policy-makers with the ultimate responsibility for how to win ba...
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