Nov 11, 2007

Henry T.C. Hu: Enron convictions help in terms of deterrence

The ordinary investor uses the word Enron to scare their kids. These convictions are the end of a particularly important morality play. Everyone always thought that the Enron-Skilling-Lay trial would be harder for prosecutors . . . and yet the prosecutors won. That really helps in terms of deterrence.

~ Henry T.C. Hu, University of Texas law professor, "White Collar Crime's New Milestone," Washington Post, May 26, 2006

No comments: