Enron plummeted from the 7th largest US firm and six-time winner of Fortune's most innovative firm award to bankruptcy in less than one year. However, management used financial engineering and related-party transactions to disguise Enron's financial condition for over three years. These...

We provide a clinical perspective on corporate governance, shareholder activism and corporate restructuring by studying Sears, Roebuck amp; Co. In particular we focus on Sears' diversification into financial services during the 1980's, the poor performance that followed, and the ensuing...

We examine Enron's collapse to provide insights as to the efficacy of recent governance reforms. In doing so, we explore two main issues. First, if recently mandated governance changes had been in place earlier, would they have constrained actions by Enron's management? Second, and more...