2min chapter

Acquired cover image

Enron

Acquired

CHAPTER

The Enron Corporate Jet and the Sarbanes Oxley Act

President Bush signed into law the Sarbanes Oxley Act six plus months after Enron's bankruptcy. It was pushed very quickly and almost unanimously through both houses of Congress. The biggest thing is top management, the CEO has to certify the accuracy of financial information. That actually kicked off state private longer or you could argue that it was a huge impact in the early 2010s of companies staying private forever.

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