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...Which is critical. The rise and fall of Enron may have been merely part of "the genius of capitalism," as Paul O'Neill put it, but the genius of investor-based capitalism - that'd be our system - also depends on disclosure, on transparency, on every investor knowing what Ken Lay knew about Enron's financial habits when Ken Lay knew...

Author: /time Magazine | Title: Andersen: The Whistle Not Blown | 1/17/2002 | See Source »

...debt and mismanagement? Again, if the Bush Administration is telling the truth, all those phone numbers - Paul O'Neill's, Don Evans', Alan Greenspan's - turned up absolutely nothing in the way of help. As Evans reportedly told Bush a few weeks ago: "I got a call from Ken too. He was asking me to help, but I didn't." Sunday, Evans told "Meet the Press": If I had stepped in, I think it would have been an egregious abuse of the office of secretary of commerce...

Author: /time Magazine | Title: For Enron, Washington May Have Been a Bad Investment | 1/15/2002 | See Source »

...White House), Enron effectively made itself a leper in distress. Ashcroft is off the case, Lindsey and Rove will be busily burying themselves in other matters, and Bush's best defense against a scandal will be to make sure Justice's special Enron-dedicated task force makes Ken Starr look like he went easy on the Clintons...

Author: /time Magazine | Title: For Enron, Washington May Have Been a Bad Investment | 1/15/2002 | See Source »

...wide range of them for several years. Any deliberate destruction of documents subject to subpoena is illegal. In Arthur Andersen's dealings with the documents related to Enron, "the mind-set seemed to be, If not required to keep it, then get rid of it," says Ken Johnson, spokesman for the House Energy and Commerce Committee, whose investigators first got wind of the Oct. 12 memo and which is pursuing one of half a dozen investigations of Enron. "Anyone who destroyed records out of stupidity should be fired," said committee chairman Billy Tauzin, a Louisiana Republican. "Anyone who destroyed records...

Author: /time Magazine | Title: Enron: Who's Accountable? | 1/13/2002 | See Source »

...President's memory about the last time he met with Lay: in spring 2001, in Houston, at an event hosted by Bush's mother. O'Neill was present at the Thursday discussion and said, "Oh, by the way, you need to know that I had a conversation with Ken Lay. He called me." O'Neill described the call as a "heads up" about Enron's financial woes and the potential effects they might have on the larger economy. Bush nodded. Then Evans, also present, chimed in. "I got a call from Ken too," said the Commerce Secretary, who is Bush...

Author: /time Magazine | Title: Enron: Who's Accountable? | 1/13/2002 | See Source »

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