Word: enronization
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Dates: during 2000-2009
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...filing false tax returns. EXTRADITION ORDERED.Of JURGEN HARKSEN, billionaire South African resident wanted by his native Germany to face charges of tax evasion and investment fraud; by order of a court in Cape Town. PLEADED GUILTY. DAVID DUNCAN, former head of the Arthur Andersen operations responsible for the Enron account, to charges of obstruction of justice for "knowingly, intentionally and corruptly" ordering the destruction of documents related to the collapsed energy firm; in a Houston court. ATTEMPTED SUICIDE. VLAJKO STOJILJKOVIC, 65, former Serbian police chief and close aide to deposed President Slobodan Milosevic, in Belgrade. Hours after the Yugoslav Parliament...
Following the resignation of Herbert S. “Pug” Winokur ’64-’65 from the Harvard Corporation amid controversy over his role as chair of the Enron finance committee, the Corporation appointed another businessperson tainted by the Enron fiasco...
Although Robert E. Rubin ’60 was not a direct employee of Enron, he was chair of Citigroup, Enron’s largest creditor and a defendant in a recent lawsuit brought by Enron shareholders. As secretary of the treasury under President Bill Clinton, Rubin exchanged friendly letters with Enron chair Kenneth Lay. When Enron’s finances started to slip, Rubin placed a now-infamous call to Peter Fisher, his former employee at Treasury, to seek assistance for the energy giant...
...fact, Rubin used his position at the treasury department to directly promote Enron’s business agenda. According to the Financial Times, when Enron wanted to build a power plant in Dahbol, India and the Indian government objected, Rubin interceded to help push the deal through. According to Human Rights Watch, the plant encountered such powerful opposition from the local population that Enron had to pay the local police to control protestors. Now, thanks in part to Rubin’s intervention, the plant is the largest in India...
Rubin’s and Winokur’s entanglements with Enron are symptomatic of more fundamental problems in the Harvard Corporation. Rubin represents the same corporate interests as the elites he is joining. He stands for the same logic behind Harvard’s heavy-handed expansion into Allston and its exploitation of the workers that sustain our community. Harvard is primarily an educational and research institution, and yet the people who govern it—with the exception of former University of Chicago President Hanna H. Gray—can hardly claim to be qualified as academics...