Word: watsons
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...news sent Dynegy's stock tumbling Monday, along with dozens of banks whose cash injections into Enron have exposed them to losses mounting to at least $6.5 billion - at the very least - and put Dynegy's Chairman and CEO Chuck Watson back on the defensive again about bailing out of his bailout. In a conference call Monday, Watson called his rival's lawsuit "frivolous" and "one more example of Enron's failure to take responsibility for its demise...
...TIME?s Cathy Booth Thomas, after talking with Watson last week, tells the story of the fall of the house of Enron from the point of view of a white knight who ultimately decided that saving Enron was going to be far more trouble than it was worth...
...move surprised Wall Street, which even after the debt downgrade was whispering that the deal - after some very heavy renegotiations, of course - was as good as done, and Dynegy CEO Chuck Watson wouldn't get specific with reporters afterwards about why he killed it. Some reports indicate a fear - or a discovery - of more skeletons lurking in Enron's apparently spacious creative-accounting closet. But it seems more likely that Enron had simply ceased to be worth the trouble. Why buy a corpse when you?ve already pulled the boots off - and it?s starting...
...Sometimes a company's best deals are the ones they didn't do," Watson said Wednesday - especially if you?ve already gotten what you wanted. Once Enron's credit rating went "junk" Wednesday - essentially condemning Enron to a takeover or bankruptcy - Dynegy didn't see anything left to buy that it couldn't get cheaper at the gone-out-of-business sale, including the thousands of Enron traders and other employees for whom the commute to the Houston office is already a daily routine...
...illustrated volume of Dickens, or transforming it with a new vision. Columbus, along with screenwriter Steve Kloves and the Potter production team, chose Column A and made a handsomely faithful version, with actors smartly cast to type. Harry (Daniel Radcliffe) and his pals Ron (Rupert Grint) and Hermione (Emma Watson) look word-picture perfect. Members of the Hogwarts staff--Dumbledore (Richard Harris), McGonagall (Maggie Smith), Hagrid (Robbie Coltrane) and Snape (who else? Alan Rickman, in Hamlet's drab garb)--have the requisite majesty or malevolence. The special effects are spiffy too. The Golden Snitch has a mischievous mind...