Word: enronization
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Dates: during 2000-2009
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Whatever Washington's agenda, GE sees eco-friendly products as a growth business, especially overseas. In the past three years, GE's wind business, snapped up from Enron for $358 million, has grown into a $2 billion enterprise, with sales up 300%. GE has been rolling out a new generation of supersized turbines for offshore wind farms, the latest one off the coast of Ireland, and announced its third contract to supply smaller windmills to mainland China--where energy demand is soaring and the government aims to spend $85 billion on pollution controls, especially in smog-choked cities like Beijing...
...real estate appraiser for nearly 30 years, I consider the housing market so bizarrely bent that it's seriously Enron-esque. When banks start loaning money to anybody who can sign his or her name, the end of the boom is rapidly approaching. All the greedy little lenders want every available cent invested in something, anything at all. I am sorry to say I am disgusted by what a thoroughly dishonest nation of money-hungry fools we Americans have become...
...billion Amount J.P. Morgan Chase will pay Enron investors who accused the bank of abetting the energy firm's accounting misdeeds...
...million Box-office receipts for Enron: The Smartest Guys in the Room since the documentary's April release...
Gibney says he doesn't think Enron "set out to become fraudulent." At first it was just trying to cover up relatively modest failures. But watching Enron: The Smartest Guys in the Room, we realize we're not smart enough, attentive enough or sufficiently lacking in greed to penetrate the next great fraud when it rolls down--not if its masters truly believe in it and keep beaming. --By Richard Schickel