Word: reed
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...Reed was almost as successful at Enron. He spent most of his time advising the company on how best to drum up support for energy deregulation. He made about $10,000 a month for 12 to 18 months of work, focusing initially in Pennsylvania, and Enron got much of what it wanted from the state, which deregulated its electricity market without making California's costly mistakes. But even Reed couldn't help Enron persuade the state to let it immediately compete for the customers of incumbent utility PECO Energy...
This isn't the first time Reed has been in hot water. During the 2000 presidential campaign, his firm publicly apologized for lobbying a Republican candidate on behalf of Microsoft, which was hoping to get a better hearing from a new Administration. The candidate, of course, was one of Reed's other clients at the time--Governor George W. Bush...
...Texan, 51, delights in crafting a message or staging a presidential visit that doesn't just score a political point but also plays to several constituencies at once. So when it was reported in the New York Times that Rove might have steered an Enron contract to Ralph Reed, a G.O.P. kingmaker whose support Rove needed, the political elite in Washington, which includes some longtime enemies, thought that just might be his kind of pool...
...included $100,000 to $250,000 of Enron shares, which already had Democrats contemplating a look into Rove's relationship with the company. Though he has never worked for Enron and the shares he owned were bought out of his own pocket, last week's disclosure that Rove recommended Reed, who was hired by the company, may move congressional Democrats to summon him for testimony...
...hand in just about every political deal that goes down. As a result, people assume that every story they hear about him is true--which is why some insiders don't believe him when he insists he didn't pull strings with Enron to help curry favor with Reed...