Before the tech bubble burst, Wall Street was a carnival of cupidity: analysts were players, auditors were consultants, and CEOs were worshipped like secular gods. This program—a scathing yet highly instructive examination of American capitalism during the era of the IPO—analyzes the factors that contributed to the Enron, Tyco, WorldCom, ImClone, and Arthur Andersen scandals. Stock options, conflicts of interest, and political interference are three factors cited by former SEC chairman Arthur Levitt, CNBC’s Jim Cramer, and Howard Schilit, of the Center for Financial Research and Analysis. Efforts to reemphasize ethics at business schools are addressed by Wharton’s Michael Useem. (25 minutes)