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Volume 68, Issue 20, Monday, September 23, 2002


Lectures address post­Enron questions

By Alex Wukman
The Daily Cougar

Professors from the UH Law Center discussed the international implications of last year's collapse of Enron Corp. during an event Friday.

Dean of the Law Center Nancy Rapoport spoke on the precedent that the Enron case was setting in bankruptcy law.

Praveen Kumar, a professor of finance in the College of Business, lectured on how management could decline to the point of letting corporations go bankrupt. Kumar also outlined what needs to be done in the future to prevent recurrences.

The lecture was part of the Chapa O'Quinn lecture series, and was conducted as a joint live broadcast between UH and Monterey Tech in Monterey, Mexico.

The implications of the Enron case have always been staggering, said the speakers, and what it says to the UH community is no less important.

"Perhaps we have done too good a job teaching MBAs what manipulates stock prices," Kumar said.

During the 90-minute lecture, a local man who did not provide his name grabbed the audience's attention by asking: "Should a backwards country like the U.S. follow the lead of more progressive countries like the Soviet Union or China and execute economic criminals?"

The question was followed by silence, accentuated by the fact that the lecture was being broadcast live to college campuses in Mexico and other Central and South American nations.

However, Rapoport and Kumar continued the lecture after a brief moment.

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