Word: enronizing
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WATKINS: There's a slim chance Enron might not have imploded. It's hard to say. People are much more forgiving than we think. The scary thing is the amount of resistance we met. People I thought were my friends and I thought would support me backed away. They said, "Sherron, you're on your own on this...
WATKINS: It's also the gaming of corporate America. Enron was a love-hate thing. The opportunities I was afforded and the deals I got to do and the places I got to see--on that end, it was just stupendous. Then there are the times when you say, Why can't we do it right? Why do we have to be pushing the accounting envelope...
ROWLEY: I'm not usually focused on business, but when their news broke, I read that and saw some encouragement. The same reason I wrote the letter was the reason for WorldCom and Enron. I thought, Oh, gosh, there's someone doing the right thing...
WATKINS: In January and February there were hundreds of e-mails, voice-mails, letters from the Enron rank-and-file employees. There was a sense of overwhelming relief because they had thought the top executives would get away with it. People were high-fiving; they were pumped. Now no one recognizes...
...produced so many buccaneers? You could laugh about the CEOs in handcuffs and the stock analysts who turned out to be fishier than storefront palm readers, but after a while the laughs came hard. Martha Stewart was dented and scuffed. Tyco was looted by its own executives. Enron and WorldCom turned out to be Twin Towers of false promises. They fell. Their stockholders and employees went down with them. So did a large measure of public faith in big corporations. Each new offense seemed to make the same point: with communism vanquished, capitalism was left with no real enemies...