Bush Turns Enron Green

On Aug. 4, 1997, Kenneth L. Lay, the chairman of Enron Corp., met with Bill Clinton, Al Gore and Treasury Secretary Bob Rubin to discuss the global-warming conference coming up in Kyoto. Mr. Lay was an enthusiastic advocate of the Kyoto climate-change treaty —...

Cash: The Secret to Spotting Troubled Companies

Could the typical small investor have discovered a year ago that Enron Corp. was on the brink of disaster? It’s highly unlikely. Still, if you looked for the right thing, you never would have bought Enron stock in the first place. The right thing is cash. The...

The Cost of Academic Integrity

Since the 1960s, academic achievement scores have plummeted, but student grade point averages (GPAs) have skyrocketed. The Academy of Arts and Sciences reports that at Harvard, for instance, A’s were awarded to 46 percent of students in 1996 (versus 22 percent...

Dividends: Show Me the Money

To many investors, the lesson of the Enron scandal is never to trust a company’s earnings reports and balance sheets again. But that’s nonsense. Yes, there are unscrupulous corporate managers and auditors out there, but the best way to protect yourself is...

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