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...House Energy and Commerce Committee and federal agents probing Enron's fall are skipping over the accounting schemes and other questionable business practices--including a bizarre sex angle: a scheme to offer pornography via the Internet. The investigators instead have zeroed in on what officials from Enron and Andersen did and did not do once they realized that the debts were mounting, that the stock price was falling and that the last people to learn of the looming reckoning were going to be millions of Enron shareholders. Watkins' two letters provide the road map for their inquiry...

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

...devised for Harvard law professor Randall Kennedy's new work, which arrived in bookstores last week. In the transparent hope of stirring up a publicity-grabbing fuss, it gave the book a one-word title that happens to be the most odious racial slur in the English language. The scheme has already produced the desired effect, triggering a string of giddy newspaper articles. Among them: a New York Times profile in which Kennedy's editor, Erroll McDonald, gushed that his motive wasn't to boost sales but to make people "chill and realize the problem is not the word...

Author: /time Magazine | Title: Dealing With The N word | 1/21/2002 | See Source »

Alice Kethley and five close friends, all single, have blocked out a scheme for co-owning two houses--one in a warm climate, one in the Pacific Northwest--and residing part of the year in each. Kethley, 67, an administrator at the Benjamin Rose Institute in Cleveland, grew attached to her "secondary family" in the '70s, when they all lived in Eugene, Ore. Planning to retire next year, she recently bought a condo in Hawaii with space for three or four people. One friend has agreed to join her when he retires in five years. "The younger people [some...

Author: /time Magazine | Title: Buddy System | 1/21/2002 | See Source »

...Enron avoided paying federal income tax for four out of the last five years and instead received millions of dollars in federal-tax refunds. For now, the House Energy and Commerce Committee and federal agents probing Enron's fall are skipping over the accounting schemes and other questionable business practices--including a bizarre sex angle: a scheme to offer pornography via the Internet. The investigators instead have zeroed in on what officials from Enron and Andersen did and did not do once they realized that the debts were mounting, that the stock price was falling and that the last people...

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

...After nearly a decade at Enron she was high up enough, or grumpy enough, to send the boss a pull-no-punches, put-it-on-record letter telling him - for a very detailed seven pages - that his company was more or less a Ponzi scheme, and it sounds like she knew she wasn't telling him anything he didn't already know. She was circumspect enough to do some networking across the fence at Arthur Andersen and put the same concerns to Andersen's Enron man, David Duncan, and two other partners...

Author: /time Magazine | Title: Person of the Week: 'Enron Whistleblower' Sherron Watkins | 1/18/2002 | See Source »

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