Here’s a Simple Lesson on Business Ethics From the Former CFO of Enron

Here’s a Simple Lesson on Business Ethics From the Former CFO of Enron

Legal and ethical aren’t necessarily the same thing.

by Tracy Alloway

July 2, 2015 — 8:55 PM SGT

Andrew Fastow, the former chief financial officer of Enron was a speaker at Camp Alphaville, a conference hosted by the Financial Times‘ well-known finance blogAlphaville. Since leaving prison, he’s been talking to business students about ethics in business. The point he makes, perhaps unsurprisingly, is that business ethics can be a tricky thing. Practices that are perfectly legal and wide-spread can be unethical. While the off-balance sheet transactions that triggered Enron’s collapse were approved by the company’s lawyers, accountants and management, Fastow said, he nevertheless deserved to go to jail for misleading investors. As Fastow said at the event on Wednesday: “I wasn’t the chief finance officer at Enron, I was the chief loophole officer.”  Continue reading


脐带血功效被夸大 中源协和 (Zhongyuan Union Cell & Gene: 600645 CH) 核心业务受困; 胎盘脐带血自费存储乱象; 脐带血:是生命种子,还是炒作噱头?“变了味”的脐带血; 脐带血保存,一场骗局? 血疑——上海市脐血库事件调查; Inside the Private Umbilical Cord Blood Banking Business: Wall Street Journal Analysis Found Dirty Storage, Leaky Blood Samples and Firms Going Under

脐带血功效被夸大 中源协和核心业务受困

2014年06月27日 07:47


一则关于“自存脐带血为何救不了自己”的消息经媒体报道后,再次引发自存脐带血有没有必要的争论。在A股市场上,中源协和[0.00% 资金 研报](600645)等上市公司因其主营干细胞产业而如坐针毡。根据专家的解释,对于后天性疾病,脐带血中富含的造血干细胞具有造血和免疫功能,但面对先天性的疾病脐带血也是爱莫能助。这对于从事干细胞存储业务的中源协和来说无疑是负面影响,其2013年营业收入增加就是来自造血干细胞存储服务的提价。 Continue reading