News Center

open
Elsewhere Online twitter Facebook SLS Blogs YouTube SLS Channel Linked In SLSNavigator SLS on Flickr

What Goes Before a Fall? On Wall Street, Reassurance

Publication Date: 
September 30, 2008
Source: 
The New York Times
Author: 
Andrew Ross Sorkin

A comment made by Professor Joseph A. Grundfest in the aftermath of Enron's collapse is referenced by Andrew Ross Sorkin in The New York Times' "Dealbook":

“If there are ways people in this room go to jail, it’s probably through crimes of upholstery — the cover-up will kill you,” Joseph A. Grundfest, a professor of law at Stanford University who is a former commissioner of the Securities and Exchange Commission, said at a class for directors of the nation’s Fortune 500 that I attended in 2002 in the aftermath of Enron’s collapse. It’s a great line that I’ve never forgotten.