RSM Resources

The high-profile demise of Enron Corporation, which filed for bankruptcy protection in December 2001, provided a glimpse into the upper echelons of a massive and powerful public corporation.

Americans overwhelmingly empathized with Enron employees who lost retirement nest eggs. And perhaps most fascinating — and appalling — to observers was the deflection of responsibility by executives and board members for the wrongdoing that occurred on their watch.

Public outrage, financial magnitude of the collapse, and warnings from regulators and industry watchers about potential for other corporate crises were among the factors that spurred Congress to act.

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