Word: enronize
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Dates: during 2000-2009
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...million, were adamant that the directors feel the pain. To avoid going to trial, the WorldCom 10 agreed to pay a total of $18 million out of pocket, equal to 20% of their net worth, not counting their homes and pensions. Insurers will pay an additional $36 million. Enron directors recently cut a deal that has them digging too. "If directors want to play cheerleader, there's a price to pay," warns Patrick McGurn, special counsel to Institutional Shareholder Services...
...Good Company leaves a quiz show's quantity of unanswered questions. But it has the optimism and determination of a corporate whistle-blower. It makes us believe, for a moment, that it's possible to end-run the spirit of Enron. --By Richard Schickel
...under debate as never before, the lack of attention to this issue is troubling. Additionally, it is downright strange, because the American media are usually fascinated by “whistleblower” stories of institutional corruption and deceit. Surely we all remember the media attention lavished upon the Enron scandal, the ceaseless search for more documents and evidence and the sympathy heaped upon the poor souls who were victimized by Ken Lay’s malfeasance...
...UN’s conduct, not had his feet held to the fire as any other public figure would? What’s more, why have the people who blew the lid on this scandal not been honored? The women who blew open scandals at the FBI, Worldcom, and Enron were honored with extensive media coverage, interviews and eventually shared Time magazine’s person of the year award...
...long-time Sandy Weill sidekick, Chuck Prince might have got a chance to run Citigroup in any event. But a progression of Citi scandals that began in the dotcom-bubble years with shady Enron dealings and stock touting for troubled telecoms quickened this lawyer's ascent. Prince, 54, landed the CEO job little more than a year ago. Since then, old improprieties have continued to surface, posing new p.r. nightmares-- including Citi's private-banking operation being banned from Japan just a few months ago for failing to guard against money laundering, among other things. To atone, Prince bowed deeply...