Word: enronization
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...Former Enron CEO Ken Lay maintained throughout his fraud and conspiracy trial that he was an innocent man - a man who never should have been charged, never should have been indicted, and certainly never should have been convicted. After his death from a heart attack early Wednesday, it's almost as if he wasn't. Legally, his case died with...
...federal prosecutor Michael Wynne. "It's not as if he got away with it, of course. We have a system in place to punish people. And to redress wrongs and to try to get money back for people who have had it taken away." But a lot of former Enron employees are angry that Lay "never had to pay his dues. He is not ultimately going to be held accountable...
...York lawyer representing former workers and retirees at Enron, Lowell Peterson, said the estate would probably be responsible for restitution and damages in civil actions, but added that not everyone might continue to press their claims. "Time will tell if those former employees and retirees harmed by the actions of Enron executives will pursue damages," he said in a statement. "The thousands of former Enron employees I represented with the AFL-CIO felt terribly betrayed - not only that they had lost their jobs and benefits, but that the company and executives they believed in had turned out to be dishonest...
...Enron Verdicts I appreciated the viewpoint column on the Enron verdicts by the company's whistle-blower, Sherron Watkins [June 5]. I agree with her argument that humility is a basic ingredient of a spiritual life. No matter how often he invokes Scripture, Enron's founder, Ken Lay, will never learn that stealing is wrong until he finds some of that elusive characteristic. But there is hope: some people learn that valuable lesson in prison. Gary Roe Santa Cruz, California...
...Watkins has captured the essence of leadership: humility and an ability to admit mistakes. If I hadn't known she was describing Lay's fatal flaws as the leader of Enron, I would have concluded she was describing Bush's fatal flaws as the leader of the U.S. We taxpayers are the stockholders and customers of our government, and we owe it to ourselves and our progeny to ask, the next time we go to the polls, whether we have learned from the failures of our leaders. Mimi Barron Fredericksburg, Virginia...