Word: enronization
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...keeps tabs on Harvard finances and governance,” she says. Her research for the organization delved deeply into the involvement of Harvard Corporation member Herbert S. “Pug” Winokur ’64-’65 in the collapse of Enron Energy...
...week, Los Angeles-based headhunters Korn/Ferry International revealed that high - and in some cases increasing - numbers of European directors are declining invitations to sit on company boards. The reason? The pressures and costs involved in upholding stricter corporate governance standards in the wake of high-profile blowouts such as Enron and Parmalat. The scandals have "brought home to a greater extent the importance of quality contributions" from board directors, says Mina Gouran, head of U.K. Board Services at Korn/Ferry. Translation: nobody wants these gigs anymore, so directors might soon be in short supply. "Public companies are worried in Britain that...
...biggest corporate scam in European history was exposed when Parmalat confirmed that an account it had claimed to have at Bank of America with €3.95 billion in cash simply did not exist. That was merely the first revelation in the scandal that turned Parmalat into Europe's Enron, a morass of fraud and financial failure made all the more dramatic by the fact that the company was Italy's eighth largest and had established itself as a global consumer brand. In the past year, the story of Parmalat has emerged in fits and starts, as three teams of forensic...
...their time here without at least a few drug indulgences themselves. Theatricals, too, have their own sordid history—especially the Hasty Pudding kind. Most will remember that a couple of years ago, two Pudding producers were charged with embezzlement of over $200,000 (they learned it from Enron, not Harvard, we swear), a large portion of which apparently went to support a producer’s own heavy drug habit...
...with a company with international offices?” This essentially means consulting firms, international banks or other sundry companies that remind me of the evil corporation in the recent remake of The Manchurian Candidate. I am not particularly excited at the prospect of working for a Halliburton, an Enron, a WorldCom, a Hollinger or a Marsh and McClellan...