Word: enronizing
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Dates: during 2000-2009
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...that the government has rested its case in the Enron fraud and conspiracy trial, those who lost millions in the company's collapse more than four years ago will finally get to hear from the two men at the top-former Chairman Ken Lay and ex-CEO Jeff Skilling. Although the defense plans to call as many as 113 witnesses over the next four to six weeks, both men must now take the stand to clear themselves after weeks of damaging testimony by ex-employees like whistleblower Sherron Watkins. In fact, several of the government's 22 witnesses testified under...
...Even now, it's unclear to observers who did what at the company. "If there were separate trials and Lay were there by himself, he'd be putting Skilling on trial," Androphy says. "Lay would love to blame Skilling for all the evils that occurred at Enron. Skilling was there. He was hands-on. It's not the same for Lay." Lay, however, may turn out to be a better witness, says Houston attorney David Berg, author of The Trial Lawyer: What It Takes to Win. "You're going to see a charm offensive," Berg says. "Jurors give verdicts...
...reported that an “observer” familiar with Harvard said that the University had received calls from “pro-Israel donors” concerned about the KSG paper. One of the calls, the source told The Sun, was from Robert Belfer, a former Enron director who endowed Walt’s professorship when he donated $7.5 million to the Kennedy School’s Center for Science and International Affairs...
...nights ago, something marvelous happened to me. I lost all memory of the past 25 years of agenda-driven documentaries. I forgot about the last time I walked out of a documentary feeling guilty about my way of life. I couldn’t recall ever seeing an Enron, Fox News, or other large-corporation-whackumentary. And I certainly didn’t remember Michael Moore’s shotgun-style political ranting...
...actual birth. In 1987, with bells and whistles, the Ministry of Economy announced the sorpasso: Italy’s GDP had overtaken Britain’s.Since then, however, it has all been downhill. Italian financial scandals, such as the implosion of the dairy colossus Parmalat have made Enron and WorldCom look like sound companies. Whilst American CEOs appear with aplomb in front of a myriad of courts, dubious Italian executives choose instead to run for office thanks to Berlusconi’s help. Not only did the Prime Minister push a law forcing voters to cast ballots for parties instead...