Word: enronizing
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Bush, who has recently criticized corporate wrongdoing by companies such as WorldCom and Enron, has had to answer questions about his own actions while serving on Harken’s board of directors...
...stuff, is that important? Or is serving your neighbor, loving your neighbor like you'd like to be loved yourself?" But people who do not live in New York and Washington have been hit more directly by the attacks on the markets than by the attacks of last fall. Enron's collapse turned its hometown of Houston inside out. "That affects a lot more people's lives on a day-to-day basis," says resident George Nelson. "If you are afraid that you might be unemployed, you are not thinking about 9/11." More people said they thought the country...
...corporate "gotcha!" moment that seemed to have it all--longer than a perp walk, more than just a Senate hearing. Former Enron managing director Michael Kopper's guilty plea to wire fraud and money laundering appeared to promise future boons for government prosecutors, who are counting on him to incriminate his bosses, and for defrauded Enron investors, employees and pensioners, who may win back some of the ill-gotten spoils. In court documents, Kopper detailed the schemes that he says he ran with former CFO Andrew Fastow, schemes that cost the energy giant more than $1 billion. (Fastow...
Lawyers representing shell-shocked Enron employees say something is better than nothing. "The amount of money pales in comparison to the losses, but it's an important psychological victory," says Seattle attorney Steve Berman, who represents 21,000 current and former Enron employees. "They will not rest--psychologically more than pocketbook-wise--until these people pay for it." --By Cathy Booth Thomas
...President of economically troubled Brazil creates Switzerland-sized national park, invites Swiss to move right in?and bring their banks Losers LI KA-SHING Hong Kong magnate loses controversial bid for a stake in TV station, says he only wanted to spare viewers more David Letterman reruns MICHAEL KOPPER Enron exec pleads guilty to money laundering and agrees to give back $12 million in illicit gains as soon as the spin cycle is finished ALI RAFII Iranian director banned from theater because a character in one of his plays sips wine onstage. Next: breathalyzer tests for Iranian poets