Word: enronizing
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Dates: during 2000-2009
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Though he was slated to speak on “Enron, WorldCom and Corporate Fraud Reform,” Rep. Michael A. Capuano (D-Mass.) instead engaged in a lively debate on free trade and political ideology with about 20 students at the Institute of Politics on Monday...
State Republican Party leaders and White House officials have in recent weeks sought to deflect political fallout from the controversy surrounding the collapse of Enron and WorldCom and the rash of high profile earnings restatements. Several have argued that problems with lax oversight began during the Clinton administration, pointing out that many of Enron’s questionable deals occurred during the 1990s...
...Peter G. Fitzgerald (R-Ill.) and Rep. Mark Foley (R-Fla.) want Rubin, now a director of Enron underwriter Citigroup, to testify about his role in the controversy. Others have questioned a rise in the statutory debt limit that Rubin pushed through Congress...
...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...
...Enron would never have been discovered in Europe." James Leisenring, who is helping draft International Accounting Standards, on the Continent's lax regulations...