Word: enronization
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...University official said Winokur and the rest of the Corporation had discussed Winokur’s Enron involvement on several occasions, and it became clear that Winokur would probably step down by the end of the year...
Herbert S. “Pug” Winokur ’64-’65—who was a director of Enron throughout its catastrophic collapse—announced his resignation Friday from the Harvard Corporation, effective at the end of June...
...letter to University President Lawrence H. Summers released by the University, Winokur said he was concerned that his role with Enron was “diverting attention from your agenda for Harvard and from the important work of the Corporation and the University...
Winokur was called before the House Committee on Energy and Commerce in early February to testify about his role as an Enron director during the company’s sketchy business dealings and subsequent collapse. He also testified regarding his participation in the company’s special committee for internal investigation formed after Enron’s collapse...
...course, as it tries to walk the straight and narrow to redemption, Andersen is faced with a lot of assaults. Negotiations between Andersen and litigious Enron shareholders have reportedly set a settlement figure at $250 million; another $217 million is due for a civil fraud case in Arizona. There's another $200 million in outstanding loans made to Andersen's overseas partners and guaranteed by the firm; creditors say they'll call them in immediately if those partners go elsewhere. And although those firms will owe Andersen hefty financial penalties of 1.5 times last year's revenues for defecting, collecting...