Corporate fraud didn't start with Enron, Tyco, and WorldCom and it didn't end with them, either. Fraud is rampant in the technology industry. What most employees, investors, and consumers don't realize is how much it costs them.
Thomas Perkins, co-founder and director emeritus of Kleiner Perkins Caufield & Byers, speaks at the Venture One Outlook conference in San Francisco about why current corporate boards can easily fail. He discusses the meltdown at Enron and the fallacy of building what he calls compliance boards that don't know their corporation's specific industry.\r\n
Defunct Enron Broadband Services' COO will change plea to guilty. Division had planned to create an on-demand video service.
The search giant adds lawyers from a firm that represented Grokster, banker Frank Quattrone and former Enron exec Andrew Fastow.
Auctioneer DoveBid strains under heavy Internet traffic, initially rendering its Web site inaccessible to some people as it begins to auction off the assets of Enron.
As Enron souvenirs grab high prices at auction, the company that had a spectacular bankruptcy belly-flop plans to sell some assets at an official bankruptcy auction.
The energy giant's fall will slow down growth of online trading in commodities such as energy and add another dose of bad news to an already troubled communications industry.