Word: enronization
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...billion Amount J.P. Morgan Chase will pay Enron investors who accused the bank of abetting the energy firm's accounting misdeeds...
Viewers of Alex Gibney's film about Enron's collapse will not emerge from it with a comprehensive understanding of all the scams that the company's officers employed to drive the stock so high in the 1990s. Pawing through the paperwork is not what documentaries do best. This one, for instance, achieves its power by showing us the faces of Enron's leadership back when its genius was unquestioned...
Gibney says he doesn't think Enron "set out to become fraudulent." At first it was just trying to cover up relatively modest failures. But watching Enron: The Smartest Guys in the Room, we realize we're not smart enough, attentive enough or sufficiently lacking in greed to penetrate the next great fraud when it rolls down--not if its masters truly believe in it and keep beaming. --By Richard Schickel
...former director of the Congressional Budget Office and president of the Urban Institute, a non-profit think tank in the nation’s capital. Reischauer speaks Summers’ figures-based language, and his appointment in 2002—as a replacement for the short-lived Enron director Herbert S. “Pug” Winokur ’64-’65—made him the third economist to join the board in less than two years...
...Andersen been vindicated? The court decision didn't address whether Andersen obstructed justice when it destroyed documents that could have proved valuable to the federal probe of accounting fraud by its client Enron Corp. The high court simply found fault with the instructions Judge Melinda Harmon gave the jury at the prosecution's request. The jury, it said, should have been clearly told that an intent to conceal wrongdoing was essential to finding Andersen guilty...