Word: enronization
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...weeks went on, Cooper directed her team members to widen their net. Having watched the Enron implosion and Andersen's role in it, she was worried they could not necessarily rely on the accounting firm's audits. So they decided to do part of Andersen's job over. She and her team began working late into the night, keeping their project secret. And they had no allies. At one point, one of Cooper's employees bought a CD burner and started copying data, concerned that the information might be destroyed before they could finish...
...before she gave the first of two damning testimonials to Congress, Enron vice president Sherron Watkins spent the afternoon in a cluttered conference room in the Rayburn House building on Capitol Hill. It was a cram session of sorts, a final chance for Watkins, her attorney and congressional staff members to review the dozens of subpoenaed documents she would be quizzed on the next morning. As they ate cold pizza, someone drew her attention to an e-mail titled "Confidential Employee Matter" that had been written by one of Enron's external lawyers. "Per your request," it began, "the following...
This was how hard Watkins had fallen for Enron. Here she was, almost six months to the day since she first warned chairman Kenneth Lay of "an elaborate accounting hoax." Her boss had long ago confiscated her hard drive, and she had been demoted 33 floors from her mahogany executive suite to a "skanky office" with a rickety metal desk and a pile of make-work projects. The atmosphere had grown so ominous that she had called office security for advice on self-defense. But still, Watkins simply could not fathom that this company, the one she had tried...
...relaxed enough to give the Representatives a taste of her piercing Texas wit. But her square jaw clenched whenever she spoke about her feelings for the company. She firmly indicted several top executives, yet she insisted that Lay was a "man of integrity." And she spoke almost wistfully of Enron's "electric" atmosphere, of people "energized to change the world." It was Valentine's Day, and she was still very much in love...
...months afterward, Watkins faithfully went to work each day. In the absence of any real assignments, she could only bear witness to all that she had wrought, looking on as Enron auctioned off everything down to the sign at its headquarters (price: $44,000) and as the firm's esteemed accountants, Arthur Andersen, went down in their own wave of scandal...