The Enron scandal
By John Schroy, on July 7th, 2006 |

Unfortunately for society, Jeff Skilling of Enron told the truth according to tenets of moral relativism learned at the Harvard Business School and with McKinsey and Company, when, on being sentenced to decades in prison, he said, “That’s the way the game is played. You win some, you lose some.”
Skilling was a representative of corporate executives of his time. He did not work alone, nor was he an isolated ‘bad apple’.
US Equity Market
By John Schroy, on March 6th, 2006 |

On January 28, 2006, an Associated Press dispatch proclaimed: “Corporate Earnings Good Despite Headlines”, stating that “corporate profits remain very healthy overall, and the majority of corporations are beating expectations.” Are these assertions true and does this mean that the outlook is rosy for the average investor in US equities? This article argues that the answer depends on who you are.
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