At long last, it seems, the prime suspects in the Enron debacle are nearing a trial date.

Perhaps no company so epitomizes the corporate greed of the '90s, with lavish spending, lies, "spin" of the facts and rationalization of the truth to further their own ends, as Enron.

At the time of its filing in 2001, it was the nation's largest bankruptcy filing and is expected to be one of the largest security fraud scandals in history. Only one year earlier, it had claimed revenues of $101 billion and was named one of Fortune magazines most innovative companies for six consecutive years.

In the end, thousands lost their jobs, millions of dollars in retirements were lost as their stock plummeted from $90 per share to 30 cents, and it's taken years and untold millions of dollars and investigators' hours trying to unravel the tangle of financial dealings that hid the company's true position from regulators and its employees.

It's been frustrating, to be sure, for former employees and investors who lost everything in the company's fall from grace to wait four years to see the principals finally be brought to trial. The four-year delay will be worth it if it produces a full accounting to the public.

This Week's Circulars