A Quote by P. J. O'Rourke

If it were not for government regulation of big corporations, executives at companies like Enron, WorldCom, Tyco, they could have cheated investors out of millions.

P. J. O'Rourke

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Big Big Corporations Cheated Companies Corporations Could Enron Executives Government Government Regulation Investors Like Millions Out Regulation Were

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P. J. O'Rourke
American - Comedian
Born: November 14, 1947

I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.

Arthur Levitt

The subculture of felons is in great vogue among adolescents. Enron, WorldCom, Tyco, and so forth allow us Republicans to say to America's young people, 'We be thugs.' The GOP may capture the youth vote at last.

P. J. O'Rourke

By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.

Matt Taibbi

Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.

Alex Berenson

Anyone believing the TPP is good for Americans take note: The foreign subsidiaries of U.S.-based corporations could just as easily challenge any U.S. government regulation they claim unfairly diminishes their profits - say, a regulation protecting American consumers from unsafe products or unhealthy foods, investors from fraudulent securities or predatory lending, workers from unsafe working conditions, taxpayers from another bailout of Wall Street, or the environment from toxic emissions.

Robert Reich

Yes! We finally captured Martha Stewart. You know, with all the massive and almost completely unpunished fraud perpetrated on the public by companies like Enron, Global Crossing, and Tyco we finally got the ring leader. Maybe now we can lower the nation's terror alert to periwinkle.

Jon Stewart

From drug companies to health insurers to Wall Street banks, big corporations are spending millions to buy influence in Washington and drown out the voices of regular people.

Ayanna Pressley

The not-quite-sort-of lie works here too - often an ad will announce that "Congressman Johnson voted for a bill that gave tax breaks to companies like Enron." True - although the bill allowed all companies to accelerate depreciation of copying machines. Yes, Enron benefited, but Enron also benefited from the revolution of the Earth around the sun. Hardly an argument to freeze the planet in one spot.

James Lileks

But if you look at WorldCom, which is the biggest failure to date, they grew dramatically, they were buying companies that were bigger than they were and they were doing it off inflated stock.

Don Nickles

I remember when I did my Enron film, my executive producers at the time felt very strongly that I should mock the Enron executives more viciously because everybody wanted that moment.

Alex Gibney

Today's consumers are eager to become loyal fans of companies that respect purposeful capitalism. They are not opposed to companies making a profit; indeed, they may even be investors in these companies - but at the core, they want more empathic, enlightened corporations that seek a balance between profit and purpose.

Simon Mainwaring

In general, investors prefer companies to reward executives for producing recurring income, not one-time gains.

Alex Berenson

Republicans have been very successful. There are three things Americans don't like: big unions, big government and big corporations. So Republicans go after big government and big unions, and only talk about small businesses.

Andy Stern

Republicans have been very successful. There are three things Americans dont like: big unions, big government and big corporations. So Republicans go after big government and big unions, and only talk about small businesses.

Andy Stern

Our supporters can send the message that it's wrong for politically connected corporations to make millions while people doing an honest day's work are being cheated out of an honest day's pay.

Morris Dees

The interests of big corporations have so permeated government that its major decisions are indistinguishable from the boardroom demands of the leading companies in each commercial sector.

John McDonnell

A Quote by P. J. O'Rourke

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