Word: enronization
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There are some things that even the wealthiest of the wealthy can’t get away with. Martha Stewart and the boys at Enron learned that the hard way. So this spring, Harvard decided to take it down a few notches in our own back-Yard with compensation caps for the board of the Harvard Management Company (HMC) and increased aid for low-income students. But it has not done enough...
...regard for traffic laws. How much confidence should you have then in China's business laws?" Not much. Corruption is rampant, copyright and patent piracy is a way of life, regulation of the financial markets is murky, and Chinese accounting standards could turn the con men of Enron and WorldCom green with envy. What's more, the Chinese banking system is dominated by the government, with loans tending to go to political cronies, state-owned companies and other iffy borrowers...
...Building 41 none of that seemed to matter right now. Google's news was received with cheers and laughter. For the rest of the country, it seemed to reinforce our love-hate relationship with corporate America: One moment we are cogs in the system-ruined by Enron marauders and corrupt bankers; the next, we all have a chance of hitting it big and finding a supercharged Googleified rocket ship. As I drove out of the parking lot and cruised up 101 North toward San Francisco, the sun was shining brightly, the fog had lifted...
Animal Boat, by William Donnelly and directed by Heather McNamara, concerns Schabato (Kevin LaVelle), a press secretary for a large Enron-like chemical and petroleum company. Schabato relates an increasingly absurd series of diasasters that have befallen the corporation—corrupt executives, oil spills and chemical spills—before revealing his dissatisfaction with his career and his college ambition to become a writer of children’s songs. The sketch’s highlight is LaVelle’s performance of the title song—Donnelly may well have a career as a children?...
WITHDRAWN. A guilty plea to a felony tax charge, by LEA FASTOW, whose spouse will spend 10 years in prison for his role in the Enron megafraud; in Houston. Fastow reneged after a judge said he would not abide by a plea bargain that called for her to spend only five months in jail, a deal designed to ensure that their children would have at least one parent at home. Her trial is scheduled for June...