Word: enronization
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...conspiracy stoically Thursday, sitting with his family, not with his attorneys. His wife, Linda, dabbed her eyes and hugged her husband while daughter Elizabeth Vittor, an attorney herself, sobbed so much her body shook. All the emotion of the moment was understandable. The 64-year-old founder of Enron, the high-flying energy company that once fancied itself as a trader of everything from water to wine, now faces the prospect of 45 years in prison - in other words, the rest of his life. Before leaving the U.S. District Courthouse after the verdict, he had to surrender his passport...
...guilty verdicts may be in against former Enron CEO and chairman Ken Lay, but he is still doing battle with, of all things, his alma mater. Seven years after making a $1.1 million gift to endow a chair in economics at the University of Missouri, Lay is now trying to have the money returned. Last September, in the wake of Hurricane Katrina, he personally sought to have the money - as yet unused - transferred back to Houston to assist 14 charities in relief efforts, including preacher-author Joel Osteen's megachurch. Five months later in February this year, the trustee...
...more than a little skepticism by his prosecutors. (Scrushy was acquitted). Battistoni raises similar questions about Lay?s attempt to divert the money to charities in the fall before his trial started, but he doesn't believe the money is "tainted" since it was donated before the shenanigans at Enron began...
...Hovering over the entire saga is the question of whether it's such a good idea now to have an economic chair named after Ken Lay, given Enron?s spectacular collapse. Members of the alumni board have bandied about the question of retracting Lay's name. Although discussions with Lay are ongoing, the university is required by its agreement to honor the name. Lay's family has a longtime connnection with Missouri: his late mother worked at the university bookstore while his father, a Baptist preacher, had strong ties to the community in Columbia. "It's not the university...
...spring 2001, the technology bubble was bursting, and Enron was slipping along with it. In late June, Watkins went to work directly for [chief financial officer Andrew] Fastow, who charged her with finding some assets to sell off. But everywhere she looked she found the same thing: fuzzy off-the-books arrangements that seemed to be backed by nothing more than now deflated Enron stock. No one she asked could?or cared to?explain what was really going on. Knowing that others had got into trouble after challenging Skilling, who by then was CEO of the entire company, Watkins began...