Word: enronization
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...wartime. Now we have his book pretty much as he wrote it, a bit of unadulterated pre-Sept. 11 wrath and a handy compilation of everything Moore's fans hate about the contested 2000 election ("Gore won!"), corporate greed and the buccaneering free-market culture that gave us Enron. Some of it is very funny. A lot of it is old-time left-wing boilerplate. But all of it is in the voice of the rare liberal commentator who breathes some of the same fire you get from the Limbaughs and O'Reillys on the other end of the spectrum...
...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...
...Treasury Department, Peter Fisher—Rubin also reportedly called an official at the key credit ratings agency Moody’s. Rubin allegedly asked the agency to keep Enron’s investment grade credit rating in place until JP Morgan and Citigroup could complete the sale of Enron to Dynegy, though Citigroup denies that Rubin made a call...
Dynegy ended up passing on the Enron sale, but only because of the diligence of Dynegy’s own investment bankers in discovering the sad state of Enron’s finances. Enron declared bankruptcy soon after. Had Rubin’s alleged call to Moody’s been successful and led to the sale of Enron to Dynegy, Citigroup (together with J.P. Morgan, the other investment bank involved) would have made $90 million and Dynegy’s shareholders would have been stuck with Enron’s debts. If these allegations are proved true, Rubin will...