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"We must not wait for the next corporate collapse," Reeves said.
It was Japan's biggest corporate collapse since the end of World War II.
The fall of the Texan energy-trading company is the corporate collapse by which all others are measured.
At a news conference announcing the government's moves Monday, Prime Minister John Howard called the debacle "a major corporate collapse," and the financial services minister, Joe Hockey, described it as "the most complex corporate collapse in Australia".
When the company finally sought bankruptcy protection, it marked the biggest, fastest corporate collapse in American history.
On Dec. 2 Enron would go into the record books as the largest corporate collapse in the nation's history.
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These corporate collapses have a common thread.
How many managers study the corporate collapses of the 1980s?
How many managers spend their time studying the corporate collapses of the 1980s?
However, high profile corporate collapses in recent years have fostered a recognition that internal control encompasses an organisation's broader cultural milieu.
Love, ideology, fear and the impulse to obey and conform all play important roles in rendering us blind to the makings of personal tragedies and corporate collapses.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com