Many of Enron's board directors have stepped out of the limelight, refusing to comment on the scandal and their part in it. Most former directors have chosen to go underground, resigning from other boards and removing any reference to Enron in their biographies.
This WashingtonPost article states:
"They have experienced an extraordinarily difficult couple of years," said Charles Elson, director of the University of Delaware's Center for Corporate Governance. "They've become the poster children of failed directors."
Although the Securities and Exchange Commission hasn't taken any formal action against the 18 former Enron directors, Enron investors sued them with 10 of those directors agreeing to pay a total of $13 million from their own pockets to settle the shareholder lawsuit.
Many Enron board members were prominent people, including former CFTC chairman, senior scholars, former deans and academic presidents. Six of these directors still sit on the boards of at least eight companies or mutual funds.
Read the full WashingtonPost article.
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