Word: bankrupting
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...class actions against Enron and its executives and directors, filed either by shareholders or employees and carrying mainly the possible penalty of heavy fines. Most allege that Enron failed to disclose its many risky partnerships, which proved to be a large part of its undoing. Though Enron is bankrupt, Arthur Andersen could be liable as well, and Enron's officers and directors have deep pockets. Plaintiffs are seeking to freeze the proceeds of Enron stock sales by those insiders. "Going after directors personally is rare. But this case calls for the unusual," says Jim Newman, executive director of Securities Class...
...Defer compensation. Ask for a written agreement from your employer to defer some of your December earnings into January. Caution: if your company pulls an Enron and goes bankrupt, you may not receive the payments...
That could be difficult, since Enron is now bankrupt. Other utilities are also suffering. One reason: investors fear there will be too much electricity available...
Marc Racicot raised some eyebrows in Washington when he announced he would be keeping his day job after taking over as G.O.P. national committee chairman in January. The former Montana Governor lobbies for interests critically affected by government policy, among them electric utilities, railroads and, until recently, Enron, the bankrupt energy concern. Racicot's decision could pose an ethical challenge for the Bush team: can Administration officials say no to a man who will be piling up campaign cash for their boss and spinning for the party...
...natural gas to the Internet, was once considered among the most innovative of companies. Then a combination of slumping energy prices, dubious accounting and trading practices, management hubris and a pile of debt brought the firm to its knees. Though 4,000 employees lost their jobs, the now bankrupt company did manage one last spending surge: it paid $55 million to 500 of its "critical" executives to persuade them to stay...