Board members, including Greenberg's pals, Frank Zarb and Bernard Aidinoff, also worried about their own liability: Would they be held accountable in the post-Enron era?
In the post-Enron era, these self-appointed do-gooders are granted breathless audiences by Congress, extolled on national television and lauded by Time magazine as Persons of the Year.
But for those who have lived through the Enron era, it will be hard to erase images of L. Dennis Kozlowki 's lavish party in Sardinia, complete with an ice replica of Michelangelo's David dispensing liquor from his .
So it goes in the Byzantine world of whistleblowers in the U.S. In the post-Enron era these self-appointed do-gooders are granted breathless audiences by U.S. Congress, extolled on television and lauded by Time magazine as Persons of the Year.
Those who came of age or joined the workforce in the era of Enron, bank bailouts, the Great Recession and the Occupy Movement understand that the days of mutual loyalty between employers and employees are gone and not coming back.
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Sarbanes-Oxley was passed in 2002 in response to the tech bubble-era accounting scandals (MCI, Enron, etc.).
Battle lines were drawn, as many who felt betrayed and manipulated decried the apparent emergence of yet another liar in this epoch of Enron and the L. Dennis Kozlowski -era Tyco International--not to mention Winfrey's fellow TV icon Martha Stewart.
Battle lines were drawn, as many who felt betrayed and manipulated decried the apparent emergence of yet another liar in this epoch of Enron and the L. Dennis Kozlowski -era Tyco International (nyse: TYC - news - people )--not to mention Winfrey's fellow TV icon Martha Stewart.
In the era that we were in (post-Enron), the board of directors were very sensitive and didn't want to put up a defense against anything.
What they also know and cut their teeth on was the era of Qwest's Joe Nacchio, many of Enron's top management, Scrushy at HealthSouth, MCI's Bernie Ebbers, Tyco's Dennis Koslowski, Martha Stewart and Bernie Madoff.
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