real-time news and commentary for investors
Thursday, Dec 1
2011, 11:20 AM
The FT commemorates the 10-year anniversary of the collapse of Enron and its infamous run from a...
The FT commemorates the 10-year anniversary of the collapse of Enron and its infamous run from a $90 stock to trading for pennies by casting an eye toward the confluence of Chinese stocks and overeager analysts as a potential source for the "next Enron." Ex-prosecutor Eliot Spitzer - an advocate for unadopted sweeping changes post-Enron - warns: "When you begin to mix research and underwriting, bad things will happen… Human nature being what it is, when your bonus depends on getting the IPO done, you’re going to say what you need to say."