Word: enronã
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After his resignation, Rose said his concerns only deepened, fueled in part by Enron??s high-profile implosion due to unethical accounting practices—including the liberal use of offshore accounts. He says he noticed disturbing similarities in Enron??s and HMC’s investment strategies, which prompted him to file a disclosure in early 2002 detailing his concerns with the Internal Revenue Service and the U.S. Senate Finance Committee...
Shortly after his resignation, Rose said he became increasingly concerned that Harvard may have had ethically questionable ties to Enron, which went bankrupt in late 2001. Herbert S. Winokur ’65 served both on the secretive Harvard Corporation and on Enron??s board of directors, a dual commitment that Rose said he found disconcerting. He also found ethically troubling Harvard’s 49 percent ownership interest in former Enron affiliate Cook Inlet Energy Supply—which he said made substantial profits from the debilitating California energy crisis...
...audience going to this type of documentary comes in to the theater knowing the conclusion, the film focuses on the people rather than the numbers, casting the entire story as a “human tragedy.” With careful attention to detail, “Enron?? documents the stories of the fresh young traders corrupted by the system, the trusting investors fleeced for all they were worth, and the executives possessed of a seemingly bottomless greed...
...credit, “Enron?? does humanize some of the marquee names involved in the scandal. But with the controversy already yesterday’s news, the filmmakers need to reach beyond recounting history to give a fresh perspective, which this film never manages. The smartest guys in the room will probably steer clear of this one unless they’re sincerely interested in Enron and want to see about 12 seconds of strobe-lit nipples...
...while the public was consumed with dissecting the intricacies of her personality, personal attacks on the real corporate criminals have been scarce at best. Kenneth Lay is greatly responsible for Enron??s collapse—a corporate scandal that caused 5,000 people to lose their jobs and the lifetime savings of some 20,000 retirees to dwindle as Enron??s stock value shrank to almost nothing. Yet the American public has not criticized him for being too bossy...