Word: stenches
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...INSIDER STOCK SELLING] [Strong stench] Lay unloaded more than $100 million of Enron stock in the past three years. Last year alone, he sold $25.7 million in company stock as the share price fell from $80 to less than...
...BOARD INDEPENDENCE] [Strong stench] Enron made generous payments to its directors and institutions linked to them. A board member, who resigned in May 2001, made nearly $200,000 a year consulting for Enron...
...AGGRESSIVE ACCOUNTING] [Strong stench] The telecom boosted its reported profits by "swapping" network capacity with another carrier. Global booked the sales revenue immediately and spread out the cost of purchases...
...AVOIDANCE] [Strong stench] Global Crossing is run primarily out of its office in Beverly Hills, Calif., but the company is incorporated in Bermuda to avoid U.S. corporate tax on overseas income...
...BOARD INDEPENDENCE] [Strong stench] Half the current board members are present or former Global Crossing executives. The board has an unusually high turnover rate: 10 directors quit last year alone...