Four years after the debacle, the term 'Enron' has earned its place in the everyday vocabulary of business ethics. Hardly anyone understands the business intricacies of what really happened with the sophisticated energy conglomerate. Even fewer are those able to envision, beyond the business case, the ethical questions and dilemmas facing actors at any one stage of the drama. Using the collapse of Enron as a case study, this book not only shows how and where ethics came into play, but also draws lessons and discusses possible remedies that may prevent the whole financial system from falling apart as a result of either excessive greed or over-regulation.

HENRI-CLAUDE DE BETTIGNIES Chair in Leadership and Responsibility and Professor of Asian Business and Comparative Management at INSEAD, France HANS J. BLOMMESTEIN Head of Capital Markets Programme at the OECD, and Professor of Finance, Tilburg University, The Netherlands HOHN R. BOATRIGHT Professor of Business Ethics, Graduate School of Business, Loyola University, Chicago, USA JOHN DOBSON Researcher, California Polytechnic State University, USA EDWARD DOMMEN President of the Scientific Committee of the Geneva International Academic Network, Switzerland ROBERT G. KENNEDY Professor, Departments of Management and Catholic Studies' University of St Thomas, USA BETH KRASNA Independent Board Member, Vaud Cantonal Bank, Switzerland; Federal Institutes of Technology; Raymond Weil South Africa FRANÇOIS-MARIE MONNET Formerly Chair of the Swiss Bond Commission of the European Federation of Financial Analysts' Societies; member of the Swiss Stock Exchange Bond Index Commission; Board of Directors of the SICAV, created to respond to the needs of institutional investors FRANK PARTNOY Professor of Law, University of San Diego, USA ETIENNE PERROT Economist specializing in economic rent and corruption CATHERINE SAUVIAT Senior Economist, Institut de Recherches Economiques et Sociales, France DOMINGO SUGRANYES Member of the Executive Board of MAPFRE, an international Spanish-based mutual insurance group ANTHONY TRAVIS Partner, PricewaterhouseCoopers, Geneva, Switzerland