Parafinance: Enron and drilling for red ink

👤 John Burnes  
See Note (1) Introduction In The Wealth of Nations, a book supposed to underpin modern free-market philosophies, Adam Smith thought that the separation of management from ownership would inevitably gave rise to negligence and corruption. The owners of Enron were the shareholders, represented by pension funds, banks and trust funds. The chief managers of Enron ... Read more
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