: Highlight specific failures surrounding Enron. For example:

conflicts of interest

culture (growth at all costs)

hiring and employee blind spots

failure of accounting rules and accounting controls (3% rule; mark to market accounting; Arthur Andersen independence)

failure of Wall Street analysts (focus on accounting gains instead of cash flow; accepting complex business model without understanding; compare financial statements from 1999 to 2000)

please give as much detail and examples as possible