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Showing 1 - 10 of 14 results for "Enron"

PROFILE: BlackRock head of corporate governance Pru Bennett

ALEX BURKE | TUESDAY, 22 SEP 2015

... thinking, "We just need a few corporate collapses to get things going!" Not long after that, CGI saw the spectacular fall of Enron, HIH, One.Tel and WorldCom. "I hate to say it," she says, "but it was great for business." Bennett, now head of BlackRock's ...

Greed is good

BENJAMIN ONG | THURSDAY, 11 AUG 2011

... 48.64 1998: LTCM Bankruptcy - 49.53 2001: Terrorist Attacks on the US - 49.35 2002: US Recession; Tech Crash; World Com, Enron - 48.46 2008: Global Financial Crisis - 89.53 2010: Greek Sovereign Debt Crisis - 48.20 2011: US Downgrade/European Debt Crisis/Double ...

USA no longer AAA

BENJAMIN ONG | MONDAY, 8 AUG 2011

... credit-ratings agencies' credibility: "Take for example the massive corporate defaults of the early naughts. Stock market darlings Enron and WorldCom were given the highest ratings possible - AAA, which is often referred to as the risk-free rating - ...

Rated AAA

BENJAMIN ONG | MONDAY, 27 APR 2009

... still are after contributing to the pain that we all now must endure? And this is not the first time. Wikipedia notes that 'Enron's rating remained at investment grade four days before the company went bankrupt, despite the fact that credit rating agencies ...

Governance before crisis

... disasters. "If you look at corporate governance, it's become a big topic because of corporate collapses. "If we go back to Enron at the end of 1990s and the collapse of other US funds, the trouble with dealing with [governance] at those times is that ...

Enron Part Two

A visiting US accounting academic has called for a re-design of auditing practices to avoid public company frauds of Enron scale to happen again, in the wake of the sub-prime led market crisis. Professor Ira Solomon, from the University of Illinois ...

Disclose what you invest in: ACSI

... first, as opposed to that of the shareholders of the sponosring company. A stark example of poor governance was the case of Enron pension fund beneficiaries who lost their retirement savings after Enron executives ploughed pension fund assets back into ...

Beware of hedge risk: Deloitte

... measuring off-balance sheet leverage. "Although it does not mean that the industry is headed for the equivalent of an HIH or Enron caused by inadequate valuation methods. It does mean there is a need for better risk management practices particularly ...

Compliance is a profession: ACI

... an environment where shareholders and the community are wary of corporate behaviour, in light of horror stories such as Enron and One.Tel." Lotzof also said the acknowledgement of compliance as a profession showed how far it had evolved from simple auditing ...

Ratings agencies tend to lag market, according to researchers

AAP | THURSDAY, 25 MAR 2004

... of bonds. Over the past few years, however, the agencies' performance has come under the microscope as companies such as Enron, WorldCom and HIH Insurance collapsed. All three had investment grade ratings just a few months before their failure, the research ...

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NovaPort Capital team calls it a day

JAMIE WILLIAMSON

The team at small caps manager NovaPort Capital have decided to hang up their boots.

Industry fund merger postponed

ANDREW MCKEAN

Mine Super and TWUSUPER have reported "significant progress" towards their merger, but it has been pushed back.

Fidelity shutters, delists funds

KARREN VERGARA

Fidelity International is terminating an international fixed interest strategy that failed to scale, as well as delisting a managed fund.

Super funds to solve the housing crisis?

ANDREW MCKEAN

Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said at the Australian Shareholders' Association Conference yesterday that addressing the supply side of the housing crisis requires an infusion of private capital.

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Matt Gaden

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