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Word: enronization (lookup in dictionary) (lookup stats)
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...handshake or the strength of a family name. When the oil boom went bust, as it did for Bush in the mid-1980s, small-business men didn't cash out their stock options and run; they took pay cuts and tried to help their employees. To Bush, Enron and WorldCom were aberrations, the fault of a few bad actors in an otherwise sound system. "We were, like, What in the world?" says Commerce Secretary Donald Evans of his conversations with Bush. "We were just kind of bewildered. It is unbelievable...

Author: /time Magazine | Title: Inside The Mind Of The CEO President | 8/5/2002 | See Source »

...allegations about accounting mismanagement and a "cover-up'' to hide the problems. Marta Andreasen, 48, a professional accountant hired in January to modernize controls over the j98 billion E.U. budget, insisted she was forced to sign off on expenditures that could not be confirmed. "Unlike the issues surrounding Enron and WorldCom, where you can at least trace transactions and accounts, you cannot do so within the E.U. accounts as there is no system in place for tracing adjustments and changes to figures presented," Andreasen said at a press conference hosted by Britain's Conservative Party. "Fraud can therefore lie hidden...

Author: /time Magazine | Title: A Not So Perfect Union | 8/4/2002 | See Source »

...Enron would never have been discovered in Europe." James Leisenring, who is helping draft International Accounting Standards, on the Continent's lax regulations...

Author: /time Magazine | Title: Earnings | 8/4/2002 | See Source »

...sizes within 30-60 days and be all natural. Absolutely no side effects! Be more self confident! Be more comfortable in bed! No more need for a lift or support bra! 100% GUARANTEED AND FROM A NAME YOU KNOW AND TRUST!" Let me guess: it's the Enron Enlarger...

Author: /time Magazine | Title: Thanks for the Mammaries | 8/2/2002 | See Source »

...been prevented if the U.S. paid the dues it owed to the U.N. Population Fund, according to the U.N. $107 billion is the size of WorldCom's assets stated in its bankruptcy filing, marking the biggest corporate bust in U.S. history-the amount is almost double that of bankrupt Enron's 48 bullet-proof security cars were purchased in 2000 and 2001 by Sri Lankan president Chandrika Kumaratunga costing $25 million 90 young Kabul boys were circumcised by Turkish army doctors on July 23rd as a goodwill gesture towards local Muslim families unable to finance the religious procedure...

Author: /time Magazine | Title: Person of the Week | 7/29/2002 | See Source »

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