Word: enronizing
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Dates: during 2000-2009
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...been a murderous criminal. A New York Post columnist argued that while “Gotti sure as hell may have whacked some goodfellas-badfellas in the pursuit of business…his crew didn’t come near mine or your wallets, like the Enron sissies did.” This same writer also opined, with regard to the Don’s incarceration in 1992, that “Gotti had to do time because the bureaucrats, who hide behind [the American] flag, said so.” Another journalist described Gotti...
...victory also sets up the six-month-old Enron Task Force at the Justice Department to bore in on the energy-trading company. Prosecutors want to prove that former bosses Lay and Jeff Skilling and other executives touted Enron's stock when they knew the company was in a free fall--a violation of securities law. "This [verdict] can only help us," said Leslie Caldwell, chief of the task force. "We are going to get to the bottom of the Enron debacle...
...Andersen testimony will be helpful. Duncan told jurors he didn't believe the $1 billion loss the company took to unravel some off-the-books partnerships was enough reason to question Enron's future health. If Andersen's lead accountant wasn't worried, why should Lay have been concerned? "Duncan definitely harmed the case against Lay," says former prosecutor and Houston securities lawyer Christopher Bebel. On the other hand, he says, lower-level Enron executives facing charges won't find much solace in the transcripts...
...only when the rinse cycle begins," a wise old friend of mine likes to say, "that you can tell how dirty the laundry really was." With Enron, Arthur Andersen, Henry Blodget and Dennis Kozlowski all sloshing back and forth in the muck, it has become clear to everyone that the late bull market in stocks was fueled partly with Potemkin profits, partly with bluster, partly with outright lies...
...coincidence that the two most notable whistle-blowers in American society today are women? Thank goodness for the impact of former Enron executive Sherron Watkins and FBI Special Agent Coleen Rowley. I'm glad they decided to place personal ethics and morality ahead of the careerist, risk-averse approach that men often robotically use in climbing the ladder. VICKI LOUK BALINT Phoenix, Ariz...