This is a paperbound reprint of a 2005 book. Niskanen (chairman of the Cato Institute) presents the second book to result from his organization's project assessing the major policy lessons to
be drawn from the collapse of the energy giant Enron. While the earlier Corporate Aftershock: The Public Policy Implications of Enron and Other Corporate Disasters (2003) focused on lessons
specific to energy markets and the specialized financial instruments used by Enron, this collection of 20 papers consider broader issuers of corporate governance and regulation, including
accounting problems and their alternatives, the failure of the entire Enron auditing chain, provisions of the tax code that influence the character of executive compensation and promote the
conditions leading to bankruptcy, and corporate governance rules that have shifted power to corporate managers relative to shareholders over the past few decades. Annotation 穢2007 Book News,
Inc., Portland, OR (booknews.com)
