Word: enronization
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Dates: during 2000-2009
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...Building 41 none of that seemed to matter right now. Google's news was received with cheers and laughter. For the rest of the country, it seemed to reinforce our love-hate relationship with corporate America: One moment we are cogs in the system-ruined by Enron marauders and corrupt bankers; the next, we all have a chance of hitting it big and finding a supercharged Googleified rocket ship. As I drove out of the parking lot and cruised up 101 North toward San Francisco, the sun was shining brightly, the fog had lifted...
Animal Boat, by William Donnelly and directed by Heather McNamara, concerns Schabato (Kevin LaVelle), a press secretary for a large Enron-like chemical and petroleum company. Schabato relates an increasingly absurd series of diasasters that have befallen the corporation—corrupt executives, oil spills and chemical spills—before revealing his dissatisfaction with his career and his college ambition to become a writer of children’s songs. The sketch’s highlight is LaVelle’s performance of the title song—Donnelly may well have a career as a children?...
WITHDRAWN. A guilty plea to a felony tax charge, by LEA FASTOW, whose spouse will spend 10 years in prison for his role in the Enron megafraud; in Houston. Fastow reneged after a judge said he would not abide by a plea bargain that called for her to spend only five months in jail, a deal designed to ensure that their children would have at least one parent at home. Her trial is scheduled for June...
...meter is running. The death of the Arthur Andersen firm, which dissolved after being found guilty of obstructing justice in the Enron case, reduced the Big Five accounting firms to the Final Four. That in part is why audit fees for FORTUNE 500 companies are expected to climb 38% this year, according to a survey by the Public Accounting Report. Top lines for accounting firms already look healthier. Ernst & Young booked a 17.4% revenue increase in its 2003 fiscal year, to $5.3 billion. Grant Thornton booked a 21% increase, to $485 million. The other winners? Smaller shops, which are absorbing...
...sure, those ladies who took their grandmothers' advice and married a doctor, a lawyer or an Enron executive may show up for work to "fulfill themselves" or to "expand their horizons." But for most women who, like me, came of age in the '90s, it comes down to dollars and cents, and the calculation is brutal...