Word: surprisee
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With the decline in stock prices over the past six months stopped, people began to go back to Enron for deals. "We were high-fiving ourselves," Watson recalls. "The one thing that could hurt us was another surprise. The infamous one more shoe. Well, the closet hit us on Monday...
News of the merger leaked out Nov. 9, when Enron was valued around $9 billion. By Nov. 28th, when the S&P downgraded Enron to junk status, it was worth $2 to $3 billion at most, says Watson, but none of Enron's bankers were willing to put up enough...
The new debt, triggered by Enron's troublesome partnerships, had not been in the original merger documents and Watson thinks it was a rude surprise for Enron head Ken Lay and the Enron team as well as Dynegy and its 30-percent owner, Chevron. Enron, he says, had not envisioned...
Even though the Northern Alliance commanders in Mazar-i-Sharif knew what was coming, they were taken by surprise. As dawn came Saturday, word spread that the besieged Taliban had broken out of its last northern refuge, Kunduz city to the east, and was advancing on Mazar, attacking security posts...
In The Producers, an actor muses, “Did you ever think you’d love a musical called Springtime for Hitler?” The same question has frequently been applied to Urinetown. I suppose I’m the type of person who could easily imagine...