Unformatted text preview: corruption possibilities. It is my personal opinion that relationships such as this should never be allowed to exist in the corporate world, as there are too many open avenues to “cheat”. I am not accusing the Presidents of being involved, but the potential was certainly there! This relationship is very similar in principal to Bernie Madoff’s relationship with the SEC and how he was able to play in a gray area by using his close relationship with leaders. This current example plainly shows that keeping these situations is certainly not under control as of yet and that many potential situations are yet to arise. My opinion of Jeff Skilling is that he simply got his hand caught in the cookie jar. Obvioulsy an intelligent executive, he found several opportunities to inflate earnings and build the company into a cash-printing machine. Once he began to see the conglomerate failing, he pressed the eject button but it was obviously too late! 2...
View Full Document
- Spring '10
- President of the United States, George H. W. Bush, Jeff Skilling, Colin Fleming ACCT