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Enron's questionable transactions on pp 96-107 1. Which segment of its operations got Enron into difficulties? 3. Did Enron's directors understand

Enron's questionable transactions on pp 96-107
1. Which segment of its operations got Enron into difficulties?
3. Did Enron's directors understand how profits were being made in this segment? Why or why not?
5. Ken Lay was the chair of the board and the CEO for much of the time. How did this probably contribute to the lack of proper governance?
6. What aspects of the Enron governance system failed to work properly, and why?
9. Identify conflicts of interests in:
• SPE activities
• Arthur Andersen's activities
• Executive activities

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