Word: enronizing
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Dates: during 2000-2009
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DISMISSED. THOMAS WHITE, 59, U.S. Army Secretary; by Secretary of Defense Donald Rumsfeld; in Washington. After criticism of his role as a former executive of Enron, White had a public dispute with Rumsfeld last year over the Crusader artillery program, which White saw as key to modernizing the Army and which Rumsfeld canceled...
...book would have been richer with more about companies at which the motivation equation is more complex. Katzenbach mentions Enron's bonus-driven culture but does not acknowledge that employees did, for a time, enjoy the pride of working for a well-regarded firm. Might their pride have blinded them to Enron's rotten core? Katzenbach doesn...
...tycoon disappeared in late 2000 after the company racked up debts of more than $1 billion. He was arrested after returning to Hong Kong by helicopter from Macau. Akai, which was a 70-year-old Japanese electronics giant before Ting took it over, has been dubbed "Hong Kong's Enron...
Much of Buffett's letter, to be released on his firm's website (berkshirehathaway. com), will expound on corporate reforms needed in the wake of scandals at the likes of Enron, Tyco and WorldCom. He will probably urge that boards hire independent directors who will ask tough questions and curb excessive executive pay. He will call on CEOs to focus more on the long term and provide investors with clear, complete and timely information...
...Amsterdam, they're calling it "Enron on the Zaan," referring to the river that flows near the headquarters of Royal Ahold, the world's largest food retailer. And while that might be an exaggeration, Ahold has certainly scandalized the Netherlands' normally placid business life. The company's CEO, Cees van der Hoeven, and its finance chief, Michael Meurs, abruptly resigned last week following the discovery that a food-service subsidiary in the U.S. had overstated its operating earnings by at least $500 million. Ahold's stock immediately plunged by two-thirds, erasing €5 billion in value, although it picked...