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GENERAL ELECTRIC, THE ENRON TRAIN WRECK IN SLOW-MOTION


We are delighted to announce the publication of the case study entitled “#General #Electric, the #Enron train wreck in slow-motion,” which has been prepared by Charles Middleton.

The video recording of the case study as well as the slides used during the presentation and a list of additional relevant sources are accessible at the following address: www.corporatecrime.co.uk/corporations-governance-crime


It is part of a series of eight case studies focused on occurrences of corporate misconduct, which were presented during the event “Corporations, Governance, and Crime” that was held on the 17th of November 2022.


This hybrid international roundtable (in-person and online) was focused on corporate governance failures and irresponsible business practices. It was organized by our Editor-in-Chief, Dr. Costantino Grasso - Associate Professor in Law at Manchester Law School, in cooperation with the Manchester Metropolitan University, and was included in the teaching activities of the Master of Laws course in Corporate Governance and Business Ethics at Manchester Law School.


The event was is driven by the ambition of casting light on some of the most burning issues affecting the corporate world through a series of brief but highly topical case studies. In particular, a series of terrific guests focused on eight select corporate scandals, which covered issues spanning several countries and different industrial sectors including the food, leisure, extractive, and financial industries. The event also focused on a recent UK judicial decision that represents a matter of concern in the area of whistleblowing and corporate compliance and audit systems.

In the case study, looking at the scandal that involved General Electric, Charles Middleton explained that too often crime does pay in the corporate world covering several crucial elements in the area of corporate misconduct such as the employees' unswerving loyalty and complacency, the bewildering complexity of the accounting procedures, the role of professional enablers, and the issues of asymmetry and suppression of information.


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