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...exercising personal stock options, Lay told Enron employees that "our financial liquidity has never been stronger." By mid-October, the company announced a $618 million third-quarter loss and a $1.2 billion write-off, tied to the murky partnerships that had worried Watkins. On Dec. 2, Enron filed for Chapter...

Author: /time Magazine | Title: Sherron Watkins: The Party Crasher | 12/30/2002 | See Source »

...longer seems morally-guided and interested only in following Catholic theology. He has exercised extreme pragmatism in some cases, including entangling himself in financial matters—the most secular of all things. In the past week, he has given the archdiocese permission to proceed with Chapter 11 bankruptcy filings. In Rome, he is currently discussing this prospect. Yet, the total damages from the settlements in the abuse scandal equate to 10 percent of the Boston Archdioceses’ assets. Though much of these assets are tied into property, which may be difficult to liquidate, there is quite simply...

Author: By Travis R. Kavulla, | Title: Law’s Last Stand | 12/13/2002 | See Source »

Senate Majority Leader Trent Lott helped lead a successful battle to prevent his college fraternity from admitting blacks to any of its chapters, in a little-known incident now four decades old. At a time when racial issues were roiling campuses across the South, some chapters of Sigma Nu fraternity in the Northeast were considering admitting African-American members, a move that would have sent a powerful statement through the tradition-bound world of sororities and fraternities. At the time, Lott was president of the intra-fraternity council at the University of Mississippi. When the issue came to a head...

Author: /time Magazine | Title: Trent Lott's Segregationist College Days | 12/12/2002 | See Source »

...Asked about the fraternity vote, Lott responded through a spokesman, who said: "Those were different times in a different era. Senator Lott believes that segregation is immoral and repudiates it." The spokesman also notes that Sigma Nu integrated in the late 1960s, and that its Ole Miss chapter now accepts African-Americans...

Author: /time Magazine | Title: Trent Lott's Segregationist College Days | 12/12/2002 | See Source »

Kirsten E. Lodal, the founder and chief executive officer of NSP, was also in attendance. She started the program four years ago while she was an undergraduate at Yale University. The Harvard chapter is the youngest of nine chapters of the organization...

Author: By Nathaniel A. Smith, CONTRIBUTING WRITER | Title: Harvard Sponsors Charity Dinner | 12/11/2002 | See Source »

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