Word: managerized
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It was an open secret at Enron that the company was all but a "house of cards that will fall," as a Texas energy executive attending an industry conference in Vail, Colo., a year ago groused to a senior Enron v.p. His dinner companion's startling reply: "You're more...
Other Houston travel firms knew they had little hope of an Enron contract. "Let's just say it was hard to get in," says Gary Pearce, general manager of Navigant, one of the city's largest corporate-travel firms. For all of Ken Lay's belief in free-market competition...
(2 of 3) In the hallways, colleagues respected and even feared Fastow's power--but not his presence. A former executive says he was never sure what Fastow was thinking other than how a particular project would affect his career. But, in the words of another former Enron manager, "he...
(3 of 3) Fastow sat at the crossroads of Enron's duplicity, and Richard Buy, Enron's chief risk manager, found himself increasingly at odds with Fastow as the pressure to do deals mounted. "Rick's group and the dealmakers were constantly in conflict," says a former finance executive. In...
Not that city fathers blame the violence of the games themselves. "We had gangs long before we had cybercafes," says three-term mayor Bruce Broadwater, 60. But Garden Grove officials do admit to being blindsided by the speed at which the establishments spread - this time last year, there were only...