Word: winokur
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Herbert S. “Pug” Winokur ’64-’65, a member of Enron’s board of directors and the chair of its finance committee, is one of seven members on Harvard’s highest governing board...
...Winokur received a subpoena last month from a Senate subcommittee investigating Enron...
...invested in Enron stock. Enron’s implosion raises questions about its business practices, about those of its auditor and about Enron’s cozy relationship with dozens of politicians. In addition, the presence of Harvard Corporation member Herbert S. “Pug” Winokur Jr. on Enron’s Board of Directors also raises important and disturbing questions about Winokur’s role at the University...
...immediate interest to the Harvard community is the role played by Harvard Corporation member Winokur, who also sits on Enron’s Board of Directors. As an outside director on Enron’s board, Winokur was one of the individuals ultimately responsible for overseeing management issues and the company’s credibility. As chair of Enron’s finance committee, he was directly involved in approving one of the questionable partnerships...
...very least, Enron’s Board of Directors neglected its responsibility to protect the interests of Enron’s shareholders and Winokur, as a member of that board, must bear at least some of the blame. We feel uneasy and troubled that his duties as a member of the Harvard Corporation—overseeing President Lawrence H. Summers and the administration, as well as protecting the best interests of Harvard and its students—are so similar to the duties in which he failed at Enron...