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Transferring These assets to SPEs intended which they had been kept off Enron’s textbooks, building its losses glance fewer intense than they truly had been.
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By this level, Lay had received an nameless memo from Sherron Watkins, an Enron vp who experienced turn out to be worried about the Fastow partnerships and warned of attainable accounting scandals.
Talk about the teachings that modern corporations can discover from your Enron scandal to enhance their company governance and ethical specifications.
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