Word: baxter
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More than 100 corporations, including General Motors, Bristol-Myers Squibb and British Airways, now release data on their environmental and social performance according to protocols spelled out by the Global Reporting Initiative, a collaboration of nonprofit organizations and companies based in Boston. In the 2001 report by Baxter International, a Deerfield, Ill., medical-products maker, the company detailed how reductions in energy and water use and improved waste disposal and recycling over the past seven years cut costs by $53 million last year. That savings amounted to nearly 10% of its 2001 net income...
DIED. MIKE DARR, 25, outfielder for the San Diego Padres; after the car he was driving hit an interstate-highway median; in Phoenix, Ariz. Following the loss of minor leaguer Gerik Baxter last summer, Darr became the second Padres player killed in a car crash in less than a year...
...hard to imagine how the mounting evidence of trouble could have escaped Lay's attention by last summer. Vice chairman Clifford Baxter--who committed suicide late last month--resigned in May after voicing concerns about accounting practices to Lay's top deputy, Jeffrey Skilling. The whistle-blowing memo by Enron vice president Sherron Watkins was sent to Lay on Aug. 15. Another warning memo, from employee Margaret Ceconi, made its way to Lay soon after. Nonetheless, Lay in September was telling employees to buy more stock and bet on Enron's future...
...disgrace, forced out by a board of directors who had apparently been napping for months. One of 11 congressional investigations opened its hearings on Thursday with a tableau we might as well get used to: Enron's former outside auditor taking the Fifth Amendment. On Friday J. Clifford Baxter, 43, an executive who left Enron last May, was found dead in his Mercedes-Benz in the median of a divided highway in the fancy Houston suburb of Sugar Land--an apparent suicide. That same day, as if on cue, the White House acknowledged that Bush's top political strategist, Karl...
...Enron saga goes on, idling in something like neutral for now while the tidbits and hints of intrigue continue to pile up in the wings. And the death of Cliff Baxter may well prove totemic by the time it's all said and done - there's so much we don't know, and so many who didn't want us to know it, that if lawmakers expend all their energy chasing the ghosts of Enron instead of cleaning up the laws involved, it may find that after all the sound and fury they've learned little and cured less...