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...himself--who for months had been trying to hide a mountain of debt, and started a chain reaction of events that brought down the company. Watkins' letters, along with thousands of other documents, are now in the hands of congressional and criminal investigators who are probing how Enron, its pet-rock auditors at Andersen and a host of other supporting actors allowed the country's seventh largest company to suddenly go bankrupt in December. "I am incredibly nervous that we will implode in a wave of accounting scandals," Watkins wrote of Enron's financial health. "I have heard one manager...

Author: /time Magazine | Title: What Did They Know And...When Did They Know It? | 1/28/2002 | See Source »

...give her child legitimacy. Kerkorian consented on the condition that Lisa divorce him after a month and waive spousal support. Lisa says Kira's current stipend does not adequately allow the child to maintain a "station of life ...befitting the daughter of Kirk Kerkorian." That goes for her pet rabbit too; Lisa is also asking for $436 a month for her bunny's upkeep...

Author: /time Magazine | Title: People: Jan. 28, 2002 | 1/28/2002 | See Source »

...really distinguish between Alzheimer's and other dementias until a brain autopsy is performed. At least they couldn't until now. A new, noninvasive brain-imaging test may be able to identify Alzheimer's in those who are still living. The test, a chemical tracer followed by a PET scan, reveals the telltale plaques and tangles of Alzheimer's, even in the disease's earliest stages. A word of caution: the test has so far worked on only nine patients...

Author: /time Magazine | Title: Your Health: Jan. 21, 2002 | 1/21/2002 | See Source »

...himself--who for months had been trying to hide a mountain of debt, and started a chain reaction of events that brought down the company. Watkins' letters, along with thousands of other documents, are now in the hands of congressional and criminal investigators who are probing how Enron, its pet-rock auditors at Andersen and a host of other supporting actors allowed the country's seventh largest company to suddenly go bankrupt in December. "I am incredibly nervous that we will implode in a wave of accounting scandals," Watkins wrote of Enron's financial health. "I have heard one manager...

Author: /time Magazine | Title: By the Sign of the Crooked E | 1/19/2002 | See Source »

...Luckily, the business world is not without a sense of karma, and full disclosure does eventually come to those who wait. Enron's debt-concealing, off-the-balance-sheet partnerships (which Enron's pet law firm says were "creative and aggressive" but not illegal) and warped revenue yardsticks eventually brought it down, and now we all know about them. Arthur Andersen's reputation as an honest accountant is now permanently tarred, and it will suffer at Wall Street's hands for devaluing its auditor's seal of approval. (As a consultant, though, you've got to love the way they...

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

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