1. Arthur Andersen: What were AA's employees and managers supposed to do and what did they do instead?What are the main drivers that can explain AA's behavior?

2. Madoff: What were SEC officials supposed to do and what did they do instead? What are the main drivers that can explain their behavior?

3. What are the consequences of AA's and the SEC's behavior for Enron, Madoff company, the investors, and all other critical stakeholders?

4. Choose either AA or Madoff: What would you do if you were an employee who had arrived at the firm eight months before the collapse?