Word: kenly
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...Morris were fined after a drinking spree near Heathrow Airport on Sept. 12, during which they were accused of offending American tourists stranded in the wake of the previous day's terrorist attacks. In the program notes for a game after last Wednesday's court hearing, Chelsea chairman Ken Bates encouraged Terry to "ask himself if he wants to follow the path which is littered with drunks and wrecks of former players or emerge from this episode stronger and better for it." But the boss's moralizing didn't stop Chelsea coach Claudio Ranieri from including both players...
...Watkins learned Enron was losing money on two equity investments: network-equipment supplier Avici lost 98% of its value, and another, New Power, an energy retailer that had Ken Lay on the board, dropped more than 80%. Because both firms were backed by Enron stock, Watkins knew their downfall was dragging down Enron too. None of that was being reflected in the company's public filings, as far as she could tell. As her lawyer Philip Hilder explains, "The numbers just didn...
...news media, it is "Enron whistle-blower" Sherron Watkins, even though Watkins never really blew a whistle. A whistle-blower would have written that letter to the Houston Chronicle, and long before August; Watkins wrote it to Ken Lay, and warned him of potential whistle-blowers lurking among them. (She quotes one of them as lamenting, "We're such a crooked company...
...front of a bank of microphones, not yet. But because she wrote a letter to her boss, we know she knew, about the "Condor" and "Raptor" partnerships and the accounting and the doom Enron was facing. We know that in August she told them - her boss, Ken Lay, and then her friend at Arthur Andersen, who then told Andersen's head Enron auditor, David Duncan, who's now telling Congress. And so we know that they all knew...
...Because while Sherron Wadkins certainly seems to have been a conscientious employee with a sharp eye for trouble, whistle-blowing isn't whistle-blowing if only Ken Lay and some Arthur Andersen partners - who probably didn't need the advice and certainly didn't follow it - heard the noise. Blowing the whistle on Enron's creative accounting, however, wasn't Wadkins' job. It was the job of the certified public accountants - the outside auditors - at Arthur Andersen...