Word: sherron
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...know much about Sherron Watkins. We haven't met her in our living rooms, on TV in front of a bank of microphones, not yet. But because she wrote a letter to her boss, we know she knew, about the "Condor" and "Raptor" partnerships and the accounting and the doom Enron was facing. We know that in August she told them - her boss, Ken Lay, and then her friend at Arthur Andersen, who then told Andersen's head Enron auditor, David Duncan, who's now telling Congress. And so we know that they all knew...
...Sherron Watkins, according to her lawyer and press reports, is Enron's vice president of corporate development. She is 42 years old and lives in Houston with her husband Richard. She grew up in a Houston suburb called Tomball, the daughter of two secondary school teachers, and graduated from the University of Texas. She was a sorority girl...
...these days, Arthur Andersen doesn't look much like an accounting firm that didn't know enough. "Enron whistle-blower" Sherron Wadkins didn't just tell Lay in August about her fears that their company would "implode in a wave of accounting scandals" - she told a top man at Andersen, who then told three Andersen partners, including the recently disavowed David Duncan, who was overseeing the Enron audit...
...Because while Sherron Wadkins certainly seems to have been a conscientious employee with a sharp eye for trouble, whistle-blowing isn't whistle-blowing if only Ken Lay and some Arthur Andersen partners - who probably didn't need the advice and certainly didn't follow it - heard the noise. Blowing the whistle on Enron's creative accounting, however, wasn't Wadkins' job. It was the job of the certified public accountants - the outside auditors - at Arthur Andersen...
When he first saw the smoldering ruins of his Macedonia Missionary Baptist Church in Fruitvale, Tennessee, on Jan. 13, 1995, the Rev. Sherron Eugene Brown could not imagine anything worse. Then the agents from the Bureau of Alcohol, Tobacco and Firearms went to work on him. "They took me and the church treasurer to the federal building, put us in two separate rooms and asked us all kinds of questions about our insurance policies, about whether we were behind in paying off our mortgage or if any members of the congregation were angry," Brown remembers. "They were acting...