Word: lajolla
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Dates: during 2000-2009
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...Enron's go-go salesman that day - Jeff Skilling himself - committee members were similarly confused about the structure of Enron and puzzled over the lack of transparency in the JEDI setups. Only after repeated questioning did the outside advisers who brought CalPERS the deal - Pacific Corporate Group of LaJolla, Calif. - admit that Enron was offering stock, instead of cash, as a maneuver to improve their debt-to-equity ratio and keep their credit rating up. Connell was offended. "We were going to put cash in, they were going to put in stock. They were playing a game with...
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