What happened to the little people whose retirement funds


It has been said that money and power are addictive. As a result the Enron and Worldcom bankruptcies, millions were affected by the actions of a comparatively few unethical managers. - What happened to the “little people” whose retirement funds and life savings were wiped out overnight? One fact to keep in mind is that the balance sheet implicitly shows: residual ownership. In a bankruptcy, very little is left to distribute to the stockholders. Finally, what happened to the culprits? How long were their sentences? What are they doing now? Did crime pay?

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Financial Management: What happened to the little people whose retirement funds
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