Ron sez: Based on other material I have read and viewed, I would say the Enron failure was worse than arrogance and stupidity - it was into fraudulent activities up to its armpits; so far, the AIG failure seems to be limited to arrogance and hubris - the downfall of all who take their prior successes for granted and move on to bigger and bigger and vainer and “stupider” positions and activities - tempting the gods!
Source: Motley Fool
AIG’s Failure Is
So Much Bigger
Than Enron
By Andrew Sullivan, CFA
September 17, 2008
Comment (35)
Fool.onContent(function() {
Recommendations.init(’180770695’,’730174’,’Post’);
});
Recommend (94)
Enron — reviled, fraudulent Enron — destroyed more than $60 billion of shareholder value.
AIG (NYSE: AIG ), which the government just took over, has destroyed $180 billion already — and it almost brought down...
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