The Divide: American Injustice in the Age of the Wealth Gap Highlight

Subsequently, in both the financial and the mainstream press, it became gospel that the experience of Arthur Andersen proved that such prosecutions of otherwise functioning companies are inappropriate. “There was an initial outbreak of moral condemnation after Enron and the bubble burst,” Larry E. Ribstein, a corporate law professor at the University of Illinois, told The Washington Post. “That was a time for people to take a deep breath. Instead, a lot of these things were rushed into prosecution, and now we’re seeing the fallout.