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FOCUS:
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9-11
Meta Index September 11 2001
CLONING
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ENRON
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|
/ Research / Enron
/ Archive
ENRON NEWS ARCHIVE
See also: Recent Enron News.
20020730
-
"Merrill
Denies Helping Enron Hide Losses." ... "An official
at Merrill Lynch & Co. Inc. asked whether the firm would suffer a "reputational
risk" if it helped "aid/abet" Enron Corp. to sweeten its books by entering
into a $7 million deal, according to documents presented at a Senate hearing
today." ... "Senators sharply criticized Merrill for contradicting documents
that congressional investigators had gathered from the firm's own files,
including one internal Merrill 1999 communication that called the Nigerian
barge deal "the most unusual deal of the week" and said it was a "'relationship'
loan."" -WashingtonPost
-
"Merrill
Lynch denies helping Enron cover up ailing finances."
... "Skeptical senators accused Merrill Lynch & Co. today of abandoning
its moral, if not legal, responsibility to investors by helping Enron hide
its financial problems despite a host of ethical questions." ... "At issue
was whether Merrill Lynch did Enron the favor of buying an energy-producing
barge service in Nigeria -- with Enron promising the service would be bought
in six months -- knowing that the energy giant was going to claim the transaction
as a sale to boost its earnings statements. Technically, senators said,
the transaction was a loan, not a sale, and Merrill Lynch knew it." -AP
via -HoustonChronicle.com
-
"Merrill
[Lynch] Replaced Research Analyst Who Upset Enron."
... "In the summer of 1998, when it was eager to win more investment banking
business from Enron, Merrill Lynch replaced a research analyst who had
angered Enron executives by rating the company's stock "neutral" with an
analyst who soon upgraded the rating, according to Congressional investigators."
... "The chairman of the Senate committee, Carl Levin, Democrat of Michigan,
said Merrill was part of several "troubling" deals with Enron. The panel's
ranking Republican, Susan M. Collins of Maine, added that it appeared Merrill
"knowingly participated in deals that were used to make Enron's financial
position appear more robust than it actually was."" -By
Richard A. Oppel Jr. -NYTimes
via -AltaVista-News
20020729
-
"Enron
art committee spent millions in final months." ...
"Most of the works are now in storage, awaiting sale. And while art lovers
lament the loss, others view the spending spree as symbolic of the arrogance
of Enron's leadership." ... ""To be amassing a collection of art while
the ship is sinking - it's the symbol of the thing," said Dr. W. Michael
Hoffman, director of the Center for Business Ethics at Bentley College
outside Boston." -AP
via -NandoTimes
20020718
-
"Army
secretary [Thomas White] defends his record as former Enron executive."
... "White was vice chairman of an Enron subsidiary called Enron Energy
Services, which critics say engaged in questionable electricity trading
that helped drive up power prices during the 2000-2001 California power
crisis." -By Matt Kelley
-AP via -Boston/Globe
20020707
-
"Senate
subcommittee says Enron board at fault: A Senate
subcommittee released a report Sunday holding Enron's board of directors
directly accountable for the energy giant's collapse." ... "The report
cites numerous failures by the board, including the failure to stop Enron
from using misleading accounting, the failure to ensure the independence
of the company's auditor, Arthur Andersen, and the failure to protect shareholders
from unfair dealings in an outside partnership run by the company's chief
financial officer." -CNN/AllPolitics.com
20020628
-
"Justice
Department charges three former British bankers with wire fraud scheme
involving Enron." ... "The charges against the bankers
were the first involving Enron as a company, as opposed to the indictment
in March of its auditor, Arthur Andersen LLP. Andersen was convicted of
obstructing justice for shredding Enron audit documents."
-By Christopher Newton -AP
via -Boston/Globe
20020626
-
"Playboy's
"Women of Enron" issue out." ... "Ten past and present
Enron women shed their threads for the Chicago-based adult magazine's August
issue, though some showed more of the naked truth than others."
-AP via -Salon
20020620
-
"Bigger
Than Enron: Why the largest business scandal
in American history is just the tip of the iceberg
— and why investors should care." -PBS
/FrontLine :
-
"Introduction:
With a commentary by correspondent Hedrick Smith."
"Accounting
Lessons: Harvey Pitt, Arthur Levitt, Paul Volcker, Joseph Berardino,
and others, on lessons learned from Enron and Andersen."
-
"The
Politics of Enron: David Brooks of The Weekly Standard
and Robert Kuttner of The American Prospect debate the political
fallout, or lack of it."
-
"Congress
and the Accounting Wars: During the 90s, the Big Five flexed its
political muscle as never before. Here's a look at three major battles
of the decade."
-
"Who
Dropped the Ball? And what is being done to prevent future
Enrons? A primer on corporate watchdogs, conflicts of interest, and new
reforms on the table."
-
"Reforms
on the Table: An overview of post-Enron reforms being proposed
by the SEC, Congress, the White House, and Wall Street."
-
"A
Tale of Two Chairmen: When it comes to policing corporate
America in the wake of Enron and Arthur Andersen, the controversial SEC
Chairman Harvey Pitt and his equally controversial predecessor, Arthur
Levitt, have defined and galvanized the central debates over reforming
Wall Street and the accounting industry. FRONTLINE recently interviewed
the two chairmen."
-
Interviews
with:
-
Joseph
Berardino, CEO of Andersen Worldwide from January 2001 to March 2002.
-
Arthur
Levitt, SEC Chairman, 1993 to 2000.
-
Joseph
Lieberman, U.S. Senator, (D-Conn.).
-
Harvey
Pitt, SEC Chairmen since August 2001.
-
Sarah
Teslik, executive director, Council of Institutional Investors.
-
Lynn
Turner, SEC's chief accountant, 1998 to 2001.
-
Paul
Volcker, Federal Reserve Board Chairman, 1979 to 1987.
-
"'Frontline'
lays bare hows and whys of the Enron debacle." ...
"In the end, it's a cautionary tale and a call for reforms." ... "Veteran
journalist Hedrick Smith is the correspondent/producer, and he finds plenty
of blame to spread around: an oversight system gone soft, greedy corporate
executives protecting their stock options, conflicts of interests among
supposed watchdogs and outside auditors doubling as "consultants," and
congressional actions that -- so Smith judges, at least -- blocked efforts
at protecting investors." -By Ann Hodges
-HoustonChronicle.com
20020617
-
"Andersen's
guilty verdict puts chill on other boardrooms:
he decision worries many by penalizing the whole firm for one worker's
deed." ... "Whether or not Andersen wins on appeal, experts agree the damage
to the 89-year-old accounting firm has already been done. So far, almost
800 of its 2,300 clients have fired Andersen, and the company has resigned
itself to losing its auditing business entirely." ... "But in the end,
jurors said they did not believe Andersen's destruction of documents or
e-mails was illegal. They did find obstruction by an in-house lawyer Nancy
Temple, when she requested that lead Enron auditor David Duncan remove
her name from a memo related to the company because it would increase "the
chances that I might be a witness, which I prefer to avoid.""
-By Kris Axtman -CSMonitor/subscribe
20020616
-
- "Jury
finds Andersen guilty: Auditor convicted of
obstructing U.S. investigation of Enron failure. Firm says verdict 'effectively
ends' its core practice." ... "In an inglorious end to its 89-year history
as the country's pre-eminent accounting firm, Chicago-based Andersen was
convicted Saturday of obstruction of justice for interfering with a federal
investigation of its failed client, Enron Corp." ... "In a surprise to
defense attorneys, jurors said their decision to convict centered not on
the shredding of trunks full of paperwork but largely on the changing of
a just a few words by in-house Andersen attorney Nancy Temple on Andersen
internal memos." -By E.A. Torriero and Robert Manor
-ChicagoTribune
20020615
-
"Arthur
Andersen Found Guilty of Obstructing Justice:
Lawyers for Accounting Firm Likely to Appeal Verdict." ... "Arthur Andersen
LLP was found guilty of obstruction of justice today, in a verdict that
could doom the venerable accounting giant and bolster the government's
upcoming case against Enron Corp." -WashingtonPost
20020603
-  TX
- Enron
News
-
"Texas
regulators move to fine Enron subsidiary." ... ""The
Public Utility Commission of Texas moved to fine Enron $7million as part
of the agency's investigation into the over-scheduling of power by several
companies last fall." ... "Enron, which filed bankruptcy Dec. 2, has 30
days to respond, PUC spokesman Terry Hadley said Monday."
-By Natalie Gott -AP
via -Boston/Globe
20020523
-
"White
House yields to Senate subpoena: Enron files
are released." ... "Unless the Wednesday release persuades Democrats on
the committee to shelve the vote for subpoenas, it would be up to the White
House to comply or ignore the threat." -By Michael
Hedges and David Ivanovich -HoustonChronicle.com
20020522
-
"Suppliers
deny using Enron tactics: Power firms answer
FERC questions." ... "Enron's traders used 10 questionable trading strategies
to, among other things, create phantom congestion on California's power
transmission, ship electricity out of the state to circumvent state price
caps and submit unrealistic power demand schedules during the crisis, all
at a time when California was scrambling just to keep the lights on." -By
David Ivanovich -HoustonChronicle.com
-
"Senate
Governmental Affairs Committee's subpoena for the Executive Office of the
President." Regarding contacts by members of the
executive branch with Enron. -FindLaw/Documents
-
"White
House gets Enron subpoena." ... "If the committee's
use of subpoena powers is backed by the courts, the White House would be
legally obliged to disclose details of its dealings with the bankrupt energy
trader." -BBC
/News
20020514
-
"Enron
Auditor Admits Crime: Andersen's Duncan Ordered
Shredding." ... "The statements by the 43-year-old accountant -- his first
public remarks since his plea last month -- are damaging to Andersen's
case as the accounting firm must prove that Duncan did nothing wrong even
though he has pleaded guilty to illegal destruction of documents. A partnership
can be found criminally liable for the acts of one of its partners."
-By Carrie Johnson -WashingtonPost
20020512
-
"Enron
Memos Fuel Inquiry of Power Pricing: Documents
lend credence to claims the [California] state's [energy] crisis was at
least partly manufactured." -By Tim Reiterman and
Nancy Rivera-Brooks -LAtimes
20020512
-
"Oil
Firms Said to Prop Up Gas Prices." ... "Oil company
mergers and the deliberate withholding of gasoline from the market by some
firms have tightened supplies and forced price fluctuations at the pump,
a Senate investigative report concluded yesterday."
-By Kenneth Bredemeier -WashingtonPost
20020429
-
"[California]
State GOP Sought Donations From Enron: Requests brought
in
$50,000 during probe of the energy firm." ... "Republican legislative leaders
solicited tens of thousands of dollars in campaign donations from Enron
Corp. even as the state government was investigating the company and other
producers suspected of price gouging and market manipulation during last
year's energy crisis, according to internal Enron documents."
-By Virginia Ellis and Carl Ingram -LAtimes
20020426
-
"Ex-Im
Bank working with Justice Enforcers interested in Enron records."
... "The Export-Import Bank, which helped finance some of Enron's overseas
projects, told a lawmaker this week that it was cooperating with a federal
criminal probe of the bankrupt energy giant." -By
William L. Watts -CBSNews
/MarketWatch
-
EXIM.gov - "Export-Import Bank
of the United States."
20020423
-
<RocketNews>preset
news
search for <Enron> added.
20020415
-
"The
Collapse of Enron: A Bibliography of Online Legal,
Government and Legislative Resources." -By Stephanie
J. Burke -LLRX.com
20020410
-
"The
Mysterious Death Of An Enron Exec." ... "Police were
criticized for calling it a suicide before investigating, so they kept
the case open. The fact that it's still open more than two months later
has made the Cliff Baxter case prime fodder for murder conspiracy theories,
reports CBS News Correspondent Sharyl Attkisson."
-CBSNews
-
Search Google: <Cliff
Baxter>
-
Search Google: <Bush
Lay>
-
TheSmokingGun.com
has archived the Bush-Lay
correspondence "exchanged during the years Bush served as governor
of Texas," released by the Austin state archives.
-
They've also
archived the 64 page Enron "Code
of Ethics." [PDF]
version: "Code
of Ethics" -TheSmokingGun.com
20020304
-
"Vinson
& Elkins' Smoking Gun." -(printer-friendly)
-By Douglas McCollam -AmericanLawyer.com
via -Law.com
-
"How
Big a Slice? Disclosure key to Milbank Tweed's
bid for second helpings of Enron." One of the lead law firms working
for creditors in the Enron bankruptcy case previously earned over $17 million
working for Enron and was still working for various Enron Wind subsidiaries
when hired to work for creditors against Enron. -(printer-friendly)
-By Nathan Koppel -AmericanLawyer.com
via -Law.com
20020228
-
"Enron
Cited in Call for Reform: Bankruptcy judge
OKs emergency fund for 4,500 former employees but refuses to order payout
of legal fees to executives and directors." -By Thomas
S. Mulligan, Warren Vieth, and Walter Hamilton -LAtimes
20020226
-
"Skilling:
Getting Off The Titanic In Ireland."
-By Dan Ackman -Forbes
20020214
-
"Comics
laugh all way to bank at the expense of Enron execs."
...
-
""You know
what Ken Lay had for breakfast this morning? Shredded wheat," Jay Leno
jokes."
-
"Dennis Miller
asks: "Wouldn't it be great if all of Osama bin Laden's money was tied
up in Enron stock?"" -AP
via -HoustonChronicle.com
20020213
-
"The
100-Proof Fifth: Enron Execs' Watered-Down
Pleas Are No Match for the Punch of McCarthy Era." Compares the timid
treatment of Enron executives choice not to speak with the treatment received
by witnesses during the 1950's House Un-American Activities Committee (HUAC)
investigation. -By Peter Carlson -WashingtonPost
-
"At
Enron, Overenthusiasm or Deception? Executives'
Rosy Picture of Broadband Venture Gave No Hint of Impending Crash."
-By Peter Behr-WashingtonPost
-
"The
Enron file: Will anyone end up going to jail?
Despite the appearance of clear misdeeds, proving criminal intent in white-collar
cases is difficult." -By Peter Grier and Seth Stern
-CSMonitor/buy
20020212
-
"Vinson
& Elkins Shoots Back: Vinson & Elkins
offers its most detailed response yet to critical report on its work for
embattled Enron Corp." -(printer-friendly)
-By Otis Bilodeau -LegalTimes
via -Law.com
20020211
-
"Enron
Shareholder Suits? Not So Fast: Champions of
securities-litigation reform should have been more careful about the law
they managed to get passed in 1995." -By Dan Carney
-BusinessWeek/DailyBriefing
-
"An
Edge to Enron's Lobbying Strategy."
-By Johanna Neuman
-LAtimes
-
"Enron
Lobbyist Plotted Strategy Against Democrats." ...
"While the Bush administration was drafting its national energy policy,
a leading lobbyist for Enron Corp. was plotting strategy to turn the plan
into a political weapon against Democrats, according to a newly obtained
memo." -By Mark Z. Barabak -LAtimes
via -ChicagoTribune
20020208
;-)
-
"My
secret was safe with Dick, and for that the V.P. will always be my hero."
-TomDancingBug
-By Ruben
Bolling -Salon
-
"Enron
Testimony Clashes: Ex-CEO's Account Contradicted
by 2 Former Executives." -By Craig Whitlock and Susan
Schmidt-WashingtonPost
-
"The
man who wants Cheney's Enron files."
-By Gail Russell Chaddock -CSMonitor/buy
-
"Enron's
fall ripples into other firms: Wall Street
is skittish about businesses far from Houston." -By Ron Scherer
-CSMonitor/buy
20020207
-
"Skilling
on the Hot Seat: Ex-Enron CEO a Swashbuckler
Who Took Home Millions." Once lauded Skilling "walked away with at
least $69 million from sales of company shares," just prior to Enron's
"$60 billion implosion." -ABCNEWS.com
20020206
-
"No
Regrets: Enron Exec Sold $270 Million in Stock
Before Company Collapsed." ... "As a top Enron executive, [Lou] Pai set
up a series of multibillion-dollar deals that, even though they mostly
failed, produced huge up-front bonuses for him in Enron stock."
-By Brian Ross -ABCNEWS.com
-
"'Illegal
Activity' At Enron, Pol Says: •Rep.
Billy Tauzin Opens Hearing With Charges Of Illegality. •Congress
Learns How Employees Were Bankrupted... •...Even
As Enron's Executives Cashed Out." -CBSNews
20020205
-
"Enron
accountants may be placed on leave after issuance of report."
-By Rebecca Smith -WSJ.com
via -MSNBC
-
"Subpoena
for Lay authorized." -HoustonChronicle
20020204
-
"Ex-Chairman
of Enron Cancels Hill Testimony: Lawyer Warns
Of Accusatory Atmosphere." -By Susan Schmidt-WashingtonPost
-
"How
Chewco Brought Down an Empire."
-By Peter Behr-WashingtonPost
-
"Enron
lapses and corporate ethics: New questions
surface about corporate leaders as Kenneth Lay testifies before Congress
today." -By Kris Axtman and Ron Scherer
-CSMonitor/buy
20020203
;-)
-
"Enron
was, in layman's terms, a nest of dirtballs."
-By Dave
Barry -Miami
Herald
-
"Enron
Panel Finds Inflated Profits and Few Controls."
(1, 2)
-By Kurt Eichenwald -NYTimes
via -AltaVista
20020202
-
"White
House Told to Save Enron Records."
-By Stephen Labaton and Don Van Natta Jr. -NYTimes
via -AltaVista
20020201
-
"Enron:
A House Divided." -By Dan Ackman
-Forbes
-
"Some
of Enron chief's recommendations got jobs."
Both the Chairman of the Federal Energy Regulatory Commission (FERC.gov),
Pat Wood, and commission member Nora Brownell, received jobs from President
Bush's administration after recomendations by Ken Lay.
-AP via -USATODAY
-
"Houston,
we have a problem: The city where deregulation
is king is in Enron denial -- and won't let go of its wildcatting ways."
(1, 2,
3,
4)
-Salon
20020131
-
"Enron
Directors Backed Moving Debt Off Books."
-By Kathleen Day and Peter Behr -WashingtonPost
20020130
-
"Of
Executives And Privilege." -By
Dan Ackman -Forbes
-
"The
spreading Enron mess: As revelations in the
Enron affair continue to tumble out, employees and investors are furious
at the way senior executives seem to have behaved and at how auditors,
analysts, banks, rating agencies and regulators turned a blind eye to what
was going on. Changes to financial and corporate regulation in America
seem inevitable." -Economist
-
"Did
Enron jack up energy futures? Investigators
probe whether firm manipulated power prices." -By
Jeanne Cummings -WSJ.com
via -MSNBC
-
The Wall Street Journal reports that "On Dec. 3, the day after Enron filed
for protection from its creditors under Chapter 11 of the U.S. Bankruptcy
Code, the forward markets — hedge trading on future energy prices — on
the West Coast fell 30 percent, McCullough testified. After ruling out
other possible causes for the price drop — a decline in hydroelectric supply
or a spike in fossil-fuel prices —“the clear implication is that Enron
may have been using its market dominance to set forward prices,” he said.
With Enron out of the market, prices fell."
20020129
-
"Malpractice
Exposure For Enron Law Firm." -By Riva D. Atlas
-NYTimes via -LexisONE
/News
-
[PDF] FERC
"Chairman [Pat] Wood testifies before the United States Senate on the implications
of Enron's collapse on Energy Markets." -FERC.gov
-
Commentary
- "Enron
and Campaign Finance." -CSMonitor/buy
-
"Restructuring
Expert [Stephen Cooper] Named as Enron CEO."
-By Kristen Hays -AP
via -WashingtonPost
20020128
-
"For
sale on eBay: The Enron ethics manual and much more."
-By William Hageman
-ChicagoTribune
;-)
-
Search eBay for <Enron>
-
- "Downing
Street rebuffs Enron claims."
-BBC /News
-
"Enron
scandal at a glance."
-BBC /News
-
"Enron's
Lawyers: Eyes Wide Shut?" -Dan
Ackman -Forbes
-
"Timeline:
Enron's rise and fall: BBC News Online chronicles
the key moments of the spectacular rise and fall of US energy giant Enron."
-BBC /News
-
"Enron
sued by ["current and former"] staff."
-BBC /News
-
""Enron executives were profiting from an elaborate shell game, using the
hard-earned retirement savings of their loyal employees," said Randy McClanahan,
one of the lawyers for the employees."
20020127
-
"Houston
Law Firm Helped Craft Enron Deals: Vinson &
Elkins Has Close Social, Political Ties With Troubled Energy-Trading Company."
-By James V. Grimaldi and Peter Behr -WashingtonPost
-
"Enron's
Way: Pay Packages Foster Spin, Not Results."
-By David Leonhardt -NYTimes
via -Moreover
-
"A
Fog Over Enron, and the Legal Landscape."
(1, 2)
-By Diana B. Henriques and Kurt Eichenwald
-NYTimes via -Moreover
-
"Potential investors were told, in detail, about
the company's off-the- books transactions and assets, information that
Enron had not disclosed to its public shareholders. Indeed, partnership
investors knew that Enron controlled at least 50 percent more assets than
the company had disclosed in its audited financial statements, filed with
the S.E.C. and provided to public shareholders."
-
"Enron
Story Echoes Old Conflict-of-Interest Theme."
-By Chet Currier -Bloomberg
/WealthManager
20020126
-
"Ralph
Reed denies White House, Enron job tie."
-CNN
-
"The White House acknowledged Friday that in 1997, as George W. Bush was
deciding whether to run for president, his senior political adviser Karl
Rove recommended GOP strategist Ralph Reed for a consulting job with Enron
Corp. Reed, former head of the Christian Coalition, went to work for Enron
as a strategist, making from $10,000 to $20,000 a month, according to The
New York Times."
-
"White
House Could be Sued Over Cheney Advisers."
-By Don Van Natta Jr. -NYTimes
via -CBSnews/MarketWatch
-
Concerning Vice President Cheney's insistence that his contact with energy
executives during the formulation of the nation's energy policy be kept
secret, the New York Times reports that "Mr. Waxman said the Bush administration
is trying to carve out a legal precedent. "I think the administration is
trying to use this issue as a way to establish a new precedent that they
can operate in secrecy and not be accountable to the public or the Congress,"
Mr. Waxman said. "I think in light of the Enron situation, there's an even
greater reason for the administration to want to come clean and talk about
Enron, among other special interests, that influenced the decisions of
the energy task force.""
-
"White
House orders Enron contracts probe."
-By Peter Spiegel and Gwen Robinson -FT.com
20020125
-
"Former
Enron exec dies in apparent suicide." -CNN.com
-
"Campaign
finance reform legislation clears major hurdle."
... "Using Enron as evidence for their cause, supporters of campaign
finance reform won their long fight Thursday to force a House vote on legislation
aimed at curbing the influence of big money in politics." -By David
Espo -NandoTimes
20020124
-
"Enron
and Andersen." Tracking which politicians received
money from Enron and Anderson.-Opensecrets.org
-
Comics
;-) "Ricky
and Debbie Vist Enron." and get economics explained
by the 'Invisible Hand.' -TomTheDancingBug
via -Salon /comics
-
"Levitt
]former SEC chairman]: Enron not isolated case:
Calls for end to Wall Street's conflicts of interest."
-By Lisa Smith, Medill News Service via -CBSnews/MarketWatch
""We must better expose Wall Street analysts'
conflicts of interest," said Levitt. "As long as analysts are paid based
on banking deals they generate or work on, there will always be a cloud
over what they say."
-
"Congress
tries to unravel Enron mess: Audit firm continues
to shift blame; Duncan takes Fifth." -By Matt Andrejczak
-CBSnews/MarketWatch
-
"Lay
could pocket almost $17 million: Enron chair,
CEO resigned for company's survival." -By Lisa Sanders
& Allen Wan, -CBSnews/MarketWatch
-
"Enron
auditor ripped as hearings open: Fired Andersen
accountant refuses to testify before House panel."
-MSNBC
-
"Enron
Chief Quits Ahead of Hearings."
-By Michael Graczyk -AP
via -LAtimes
20020123
-
"FBI
searches Enron head office."
-BBC /News
-
"Enron
execs’ benefits kept flowing: As workers’ pensions
waned, top managers’ plans waxed." -By Ellen E. Schultz
and Theo Francis -WSJ.com
via -MSNBC
20020122
-
"Enron
execs sold $1.3B in stock: CEO sold $201.6M
in stock, made $119M in profit in last three years."
-CNN/fn
-
"Enron
Raised Funds In Private Offering: Shareholders
in Dark, Documents Show." -By Peter Behr -WashingtonPost
20020121
-
"Congress
probes Enron exemption: SEC ruling freed units
of company from some oversight." -By Michael Schroeder
-WSJ.com via -MSNBC
-
"Cover-Up?
Former Enron Exec Says Documents Were Shredded After Probe Was Launched."
-ABCNEWS.com
-
"Enron
Case Raises the Bar in Texas: A matter that's
big even by the state's usual standards has the legal community in a frenzy,
with lawyers hiring their own lawyers and others dodging conflicts."
-By David Streitfeld-LAtimes
20020120
-
"Enron
Is Proving Costly to Economy: Energy projects valued
at $12 billion are on hold as financial markets make it tougher to raise
capital. Any shortages would fall heavily on consumers."
-By James Flanigan-LAtimes
-
"The very decline of Enron stock from more than $90 a share to 50 cents
a share in a single year has taken a massive $67 billion of shareholder
wealth out of the economy. Many employees and former employees at Enron
face meager retirements."
20020118
-
"Cheney
intervened on Enron India plant: Texas official resigns:
Vice president spoke with Indian official regarding investment."
-MSNBC
-
"Andersen
Knew of Enron Risks Last February: E-mail memo indicates
executives in Chicago were aware of questionable issues. Also, the energy
trader's board fires the auditor." -By Richard Simon
and Jerry Hirsch-LAtimes
-
"Enron
Creditors Could Invoke 'Intent-to-Defraud' Clause."
-By Terry Brennan -Law.com
20020117
-
"Georgia
Angling to Recoup Enron Loss in Worker Retirement Plan."
-By Jonathan Ringel -Law.com
-
"A
New Twist in Enron's Can of Worms: Congressional
probers are now examining whether the company used complex but legal securities
to mask the true size of its debt load." -By Howard
Gleckman -BusinessWeek/Daily
20020116
-
"Lessons
of Enron: How could no one have seen it? Bankruptcy
forces a look at accounting, Wall Street practices, and pension plans."
-By Ron Scherer and David R. Francis -CSMonitor/buy
-
"The Enron collapse has been notable in at least two aspects. The first
is that the firm was politically well-wired, the largest single contributor
to the Bush for President campaign and a benefactor of some top Democrats.
The second is that there seemed to be different rules for Enron executives,
who reaped huge financial rewards from sales of company stock, and lower-level
workers, who were prevented from unloading similar shares in their personal
pension funds".
20020115
-
"Enron's
reach in Congress: The company's deep connections
to both parties renews calls for campaign-finance law."
-By Liz Marlantes and Gail Russell Chaddock -CSMonitor/buy
-
"Enron
Chief Was Warned of Problems: A top officer's memo
to Chairman Lay, found by congressional investigators, cautioned that "funny
accounting" practices could embroil the firm in scandal."
-By Edmund Sanders, Richard Simon, and David Streitfeld -LAtimes
20020114
-
"Contacts
between Enron, Bush Cabinet detailed."
-By Jim Drinkard -USATODAY
-
"Enron
fall turns dreams to dust: Ex-employees tell
of highflying days, then helplessness." -By Flynn
McRoberts -ChicagoTribune
-
"Pressure
on Cheney to disclose [Enron's input on nation's energy policy]."
-By William Neikirk
-ChicagoTribune
20011213
-
"Enron:
Who's Accountable? Inside the growing Enron
scandal: how evidence was shredded and top executives fished for a bailout
as the company imploded." -By Daniel Kadlec
-TIME.com
-
"Auditor
Hints of 'Illegal Acts' at Enron: Arthur Andersen
CEO Also Says His Firm Made Judgment Error." -By David
S. Hilzenrath -WashingtonPost
20020112
-
"Hidden
Numbers Crushed Enron: 'Partnerships' Shielded
$600 Million Debt." -By Peter Behr
-WashingtonPost
-
"Rubin
Asked Treasury About Aid to Enron."
-By Dana Milbank and Susan Schmidt -WashingtonPost
20020111
-
"Enron:
Now the IRS Joins the Hunt: The latest question:
Did the humbled energy giant take deductions for $1.2 billion in debt carried
on its books as shareholders' equity? -BusinessWeek/Daily
-
"Congress
deepens Enron probe: Bush officials say no
help was offered to Enron head." -By Matt Andrejczak
-CBSNews /MarketWatch
20020110
-
"Enron
Fallout: The Justice Department begins a criminal
investigation of the former energy giant Enron."
-PBS /NewsHour
-
"U.S.
attorney disqualifies himself from inquiry into Enron."
-AP via -NandoTimes
-
"USA:
Auditor Says Enron Documents Gone."
-By Marcy Gordon -AP
via -CorpWatch.org
-
"Criminal
inquiry into Enron collapse."-BBC
/News
20020109
-
"DOJ
in Enron criminal probe: Congress
also stirs; creditors ask Enron's trading unit sale be delayed."
-CNN
-
"Enron
Met With Cheney Before Fall."
-By Pete Yost -AP
via-LAtimes
20020107
-
"Who’s
Counting? Enron Mess Raises Questions About
Andersen, Accounting Practices." -By Peter Dizikes
-ABCNEWS.com
20011222
-
"Ex-Enron
CEO: Not me: Skilling says he had "no idea"
about company's financial woes: report." -CNN/fn
20011217
-
"Digging
Into the Deal That Broke Enron: Behind the
web of mysterious partnerships that led to the world’s biggest corporate
collapse. Follow the Raptors." -By Allan Sloan
-MSNBC /Newsweek
20011213
-
"Auditor
Hints of 'Illegal Acts' at Enron: Arthur Andersen
CEO Also Says His Firm Made Judgment Error." -By David
S. Hilzenrath -WashingtonPost
20011210
-
Comics
- .Bush
on the front - Enron in the background. -Pat
Oliphant -uComics
-
"Enron
Fallout: Wide, But Not Deep: Enron's collapse
has hurt big American banks. But not as much as a default by Argentina
would." 20011210
(24) -By Nelson D. Schwartz
-Fortune
-
"Why
Enron Went Bust: Start with arrogance. Add
greed, deceit, and financial chicanery. What do you get? A company that
wasn't what it was cracked up to be." 20011210
(24) -By Bethany McLean -Fortune
20011202
-
Chapter 11: Enron files for bankruptcy.
20011016
October 16, 2001
-
From the BBC: "Timeline:
Enron's rise and fall: BBC News Online chronicles
the key moments of the spectacular rise and fall of US energy giant Enron."
-20020128
-BBC /News
"Enron reports losses of $638m run up between July and
September and announces a $1.2 billion reduction in shareholder equity.
-
"The reduction in company value relates to partnerships set
up and run by chief financial officer Andrew Fastow."
20010815
-
Enron vice president Sherron Watkins sends CEO Kenneth Lay
a latter warning him that Enron may "implode in a wave of accounting scandals."
20010814
-
Enron vice president Skilling resigns.
20010305
-
Enron
News - "Is
Enron Overpriced? It's in a bunch of complex
businesses. Its financial statements are nearly impenetrable. So why is
Enron trading at such a huge multiple?" (1, 2,
3)
-Bethany McLean -Fortune
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