Book contents
- The Valuation Treadmill
- The Valuation Treadmill
- Copyright page
- Dedication
- Contents
- Acknowledgments
- 1 Introduction
- 2 Xerox and the Pressure to Meet Projections
- 3 Penn Central and the Decline of Managerialism
- 4 Apple and the Controversy of Projections Litigation
- 5 Enron and Sarbanes–Oxley
- 6 Citigroup and the Financial Crisis of 2008
- 7 General Electric and the Problem of Earnings Management
- 8 The Future of Securities Fraud Regulation
- 9 Conclusion
- Notes
- Index
5 - Enron and Sarbanes–Oxley
Published online by Cambridge University Press: 14 July 2022
- The Valuation Treadmill
- The Valuation Treadmill
- Copyright page
- Dedication
- Contents
- Acknowledgments
- 1 Introduction
- 2 Xerox and the Pressure to Meet Projections
- 3 Penn Central and the Decline of Managerialism
- 4 Apple and the Controversy of Projections Litigation
- 5 Enron and Sarbanes–Oxley
- 6 Citigroup and the Financial Crisis of 2008
- 7 General Electric and the Problem of Earnings Management
- 8 The Future of Securities Fraud Regulation
- 9 Conclusion
- Notes
- Index
Summary
It is not true, as Skilling claims, that the Government’s theory at trial was that Skilling made bad business decisions; its argument was that Skilling hid those bad business decisions from investors. US Court of Appeals for the Fifth Circuit, 2011
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- The Valuation TreadmillHow Securities Fraud Threatens the Integrity of Public Companies, pp. 72 - 94Publisher: Cambridge University PressPrint publication year: 2022