Word: houstonize
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Twenty years later, Mendelsohn is president of MD Anderson Cancer Center in Houston, and his cancer-fighting approach remains controversial. When his backers at ImClone sought FDA approval for Mendelsohn's Erbitux cancer drug, the agency declined to consider it. By giving cancer patients Erbitux and chemotherapy together in clinical trials, the FDA said, ImClone made it difficult to determine how much impact Erbitux...
...Andersen had already been found guilty in the court of public opinion, and paid a heavy penalty. Clients deserted; employees fled. In fact the Chicago firm was barely alive, but one question remained: What would its epitaph be, the lesson for others? An answer came last Saturday, when a Houston jury found Andersen guilty of obstructing justice. It provided a moment of vindication for investors who lost more than $60 billion in the spectacular collapse of Enron, whose books had been audited by Andersen. But the verdict held a twist: at first the case seemed to hinge on whether...
...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...
...Bush Administration; no one could have envisioned the atrocities of Sept. 11. But logic dictates that at the very least, intelligence information about suspicious activities should have been conveyed to the security authorities at airports. It's not that we expected perfect foresight, just common sense. ERNESTO VALDES Houston...
Bethune's day job gives him a far bumpier ride. The CEO of Houston-based Continental Airlines has piloted the nation's fifth largest passenger carrier through eight years of turbulent weather, bringing it back from the brink of a third bankruptcy in 1994. Nothing has been more challenging than the past nine months, with security hassles and terrorist fears driving away air travelers and costing the industry more than $9 billion. Continental was one of only two major airlines earning a profit before Sept. 11 (the other was Southwest Airlines), and Continental in March became the first traditional...