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Topic: Enron scandal


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  Enron - Wikipedia, the free encyclopedia
Enron was originally involved in the transmission and distribution of electricity and gas throughout the United States and the development, construction, and operation of power plants, pipelines, and other infrastructure worldwide.
Enron's global reputation was undermined by persistent rumours of bribery and political pressure to secure contracts in Central America, South America, Africa, and the Philippines.
Enron's plunge occurred after it was revealed that much of its profits and revenue were the result of deals with special purpose entities (limited partnerships which it controlled).
en.wikipedia.org /wiki/Enron_scandal   (4563 words)

  
 Enron Scandal - MSN Encarta
Enron Scandal, business scandal that came to symbolize the excesses of corporations during the long economic boom of the 1990s in the United States.
Enron’s managers, whose activities brought the company to the brink of ruin, escaped with millions of dollars as they retired or sold their company stock before its price plummeted.
The Enron scandal played a major role in shaking investor confidence in American business because the firm was able to hide its losses for nearly five years.
encarta.msn.com /encnet/refpages/RefArticle.aspx?refid=701610398   (1002 words)

  
 Enron Scandal - MSN Encarta
The media focused on Enron’s role in the California energy crisis, the period during 2001 when a shortage of electricity led to increased electric utility rates for California consumers.
Enron officials claimed that the company did nothing wrong in California, although it made enormous profits in energy trading during late 2000 and early 2001.
Andersen was one of the earliest casualties of the Enron scandal, as it lost its major accounts and ceased to be one of the world’s five largest accounting firms.
encarta.msn.com /encyclopedia_701610398_2/Enron_Scandal.html   (1593 words)

  
 Lessons from the Enron Scandal
Hanson: The Enron scandal is the most significant corporate collapse in the United States since the failure of many savings and loan banks during the 1980s.
This scandal demonstrates the need for significant reforms in accounting and corporate governance in the United States, as well as for a close look at the ethical quality of the culture of business generally and of business corporations in the United States.
The senior executives believed Enron had to be the best at everything it did and that they had to protect their reputations and their compensation as the most successful executives in the U.S. When some of their business and trading ventures began to perform poorly, they tried to cover up their own failures.
www.scu.edu /ethics/publications/ethicalperspectives/enronlessons.html   (1569 words)

  
 USATODAY.com - Enron's legacy: Scandal marked turning point   (Site not responding. Last check: 2007-11-01)
Enron and other scandals spurred an unprecedented crackdown on corporate crime by prosecutors and regulators, who have nailed hundreds of defendants with fraud and other charges and hundreds of millions of dollars in penalties.
The scandals "raised the floor for what is expected of companies and boards in their governance performance," says Ann Yerger, head of the Council of Institutional Investors, which represents 140 pension funds with $3 trillion in assets.
But after Enron collapsed, dozens of industry traders were charged with fraud, firms shed their trading units and the industry saw $90 billion in debt reduced to "junk" status.
www.usatoday.com /money/industries/energy/2006-01-29-enron-legacy-usat_x.htm   (1406 words)

  
 NOW. Politics & Economy. Corporate Scandals Update | PBS
Enron has agreed to pay the US government $47.3 million in cash, as part of the settlement regarding the company's involvement in inflating energy costs during the energy crisis.
Enron was accused of trading practices that caused power prices to increase as much as 100-fold during the energy crisis in the US.
Enron's officials said that claims worth of $65 billion are still to be settled.
www.pbs.org /now/politics/corpscandalupdates.html   (1882 words)

  
 Timeline of the enron scandal - Wikipedia, the free encyclopedia
Start the Timeline of the enron scandal article or add a request for it.
Look for "Timeline of the enron scandal" in Wiktionary, our sister dictionary project.
Look for "Timeline of the enron scandal" in the Wikimedia Commons, our repository for free images, music, sound, and video.
en.wikipedia.org /wiki/Timeline_of_the_enron_scandal   (200 words)

  
 Learn more about Timeline of the Enron scandal in the online encyclopedia.   (Site not responding. Last check: 2007-11-01)
March 17, 2003 Merrill Lynch, its four former executives and SEC agree to settle the Enron security fraud case for $80 million.
November 5, 2003 Voters in the Portland, Oregon metro area defeat a measure that would begin the process of converting Enron subsidiary PGE into a PUD, after both local utility companies, Portland General Electric and PacifiCorp, spend $1.9 million dollars on advertisements to defeat the measure.
November 18, 2003 Enron announced that it was selling its subsidiary PGE to a group of investors headed by former Oregon governor Neil Goldschmidt and funded by Texas Pacific Group for $2.35 billion.
www.onlineencyclopedia.org /t/ti/timeline_of_the_enron_scandal.html   (1757 words)

  
 USATODAY.com - Ex-CEO charged in Enron scandal   (Site not responding. Last check: 2007-11-01)
Former Enron CEO Jeffrey Skilling was charged with fraud and inside trading Thursday for his alleged role in the Enron scandal that nearly destroyed the energy company and lost billions for shareholders and employees.
Skilling is the highest-ranking former Enron executive to face charges in the two-year investigation by the Justice Department.
So far, 29 Enron (ENRNQ) and Wall Street figures have been charged or pleaded guilty in one of the most infamous corporate crime cases.
www.usatoday.com /money/industries/energy/2004-02-18-enron-skilling_x.htm   (480 words)

  
 The real Enron scandal | csmonitor.com
WASHINGTON - The deeper Enron scandal lies not in the nervous contacts with cabinet members when the giant corporation was sliding down the tube, but in its ability to manipulate a government awash in campaign contributions in the days when the company was flying high.
The consequences of Enron's penetration of the United States government remain to be investigated by anyone left in government who doesn't have to recuse himself.
Enron is not unique in the annals of lobbyist interests prevailing over the public interest.
www.csmonitor.com /2002/0118/p11s03-cods.html   (586 words)

  
 Enron as Whitewater. By Jacob Weisberg - Slate Magazine
Enron's political cash appears to have bought a lot of big juicy steaks that kept the watchdogs quiet while the place was being robbed.
Enron CEO Jeffrey Skilling argued that hard assets only tied up cash that could be put to use in systems--and he borrowed like crazy to build those systems.
Enron's crisis was not a crisis of liquidity (such as the one experienced by Long-Term Capital Management several years ago).
www.slate.com /id/2060788   (2112 words)

  
 Enron Scandal
Transactions between SPEs/partnerships and Enron were at arms length and not tantamount to embezzlement by Enron corporate officers and top executives.
Enron was a humane company that did not engage in human rights abuses.
Enron Corp. did not manipulate the California electricity market with such maneuvers as transferring energy outside the state to evade price caps and creating phony "congestion" on power lines.
earthrenewal.org /enron_scandal.htm   (1203 words)

  
 THE ENRON SCANDAL
Enron was built with $7 billion (with a "b") of your tax dollars.
ENRON continued to shred documents long after the court order forbidding the destruction of documents.
If ENRON were to force the major banking houses, which were major holders of the stock, into bankruptcy, as happened with K-Mart, the stage would be set for the "legal" transformation of the United States into the greatest dictatorship the world has ever known.
www.whatreallyhappened.com /enron.html   (2230 words)

  
 Enron Corp. – News, trials and the history of the scandal | Chron.com - Houston Chronicle
Enron Corp. – News, trials and the history of the scandal
No sponsor for proposed Lay bill— A proposed law to keep former Enron Chairman Ken Lay's conviction from being thrown out because of his death showed little momentum in Congress on Thursday.
Enron Corp. – The financial collapse, bankruptcy and trials surrounding Houston’s biggest corporate scandal.
www.chron.com /news/specials/enron   (1524 words)

  
 Enron
The recent collapse of the Houston-based energy giant Enron has virtually all the ingredients for scandal in Washington and then some.
Enron’s PAC and its employees contributed $114,000 to Bush during the 2000 campaign, while former Enron CEO Kenneth Lay served as one of Bush’s Pioneers, individuals who raised at least $100,000 for the campaign.
While Enron’s giving was concentrated mainly in big soft money gifts to the national political parties, Andersen’s generosity often was targeted directly at members of Congress.
www.opensecrets.org /news/enron/index.asp   (421 words)

  
 FindLaw Legal News: Special Coverage: Enron
Financial Oversight of Enron: The SEC and Private-Sector Watchdogs (Nov. 8, 2002)
Enron Operations Corp., Enron Ventures Corp. and Thomas E. White Jr.
AND Columnist Anita Ramasastry On The Hewlett-Packard Scandal
news.findlaw.com /legalnews/lit/enron   (2765 words)

  
 Enron - Wikipedia, the free encyclopedia
Fortune named Enron "America's Most Innovative Company" for six consecutive years.
All remaining assets not related to CrossCountry Energy, Prisma Energy International or Portland General will be liquidated.
Former Enron buildings from Houston Architercture Info: Smith Streetand Luoisiana
en.wikipedia.org /wiki/Enron   (4563 words)

  
 BusinessWeek Online: BW Magazine
Andersen's former CEO presided over the biggest accounting scandals ever and the demise of a legendary firm.
Enron's former CEO Jeffrey Skilling is vague about the "balanced life" he wants but adamant that the company is in great shape
Avoiding scandal isn't the only reason to observe a stringent code of conduct.
www.businessweek.com /magazine/toc/02_04/B3767enron.htm   (1211 words)

  
 TIME: Behind the Enron Scandal
Enron's demise was just the shove KMART didn't need — especially after Sept. 11th
The Enron mess may revive a tough question: Whose side is this President on?
Inside the growing Enron scandal: how evidence was shredded and top executives fished for a bailout as the company imploded
www.time.com /time/2002/enron   (395 words)

  
 Truthdig - Reports - Robert Scheer: Bush Links Energized Enron
An even greater number of Enron officials returned the favor by joining the George W. Bush administration in 2001 shortly before the Enron scandal exploded.
A. Enron’s chairman did meet with the president and the vice president in the Oval Office.
I’ve heard from sources inside the DOJ that the prosecuters in the Enron case we’re told to go slow before the 2004 election, to delay the start of a trial until after the election.
www.truthdig.com /report/item/20060530_robert_scheer_enron_bush_lay   (4134 words)

  
 FindLaw's Writ - Enron
GAO V. FindLaw columnist and former counsel to the President John Dean argues that Vice President Cheney's arguments against the GAO's request for information relating to the Energy Group have no basis in law, and mischaracterize the nature of the request.
Dean contends that, contrary to the assessment of some commentators, Enron did indeed buy a significant amount of political influence with its millions of dollars of campaign contributions over the years.
ANTHONY J. In Part Two of a two-part series on possible claims arising from the Enron debacle, FindLaw columnist and Brooklyn law professor Anthony Sebok discusses the possibility of shareholders' suing Enron's accountants or lawyers under Texas tort law.
writ.news.findlaw.com /enron.html   (829 words)

  
 The Savings and Loan Scandal and Public Accounting
It was definitely a bi-partisan scandal, with both George Bush and Lloyd Bentsen keeping the scandal quiet until after the 1988 election, as they both were deeply involved in the scandal, as was their crony Walter Mischer and others.  Neil Bush helped loot Silverado Savings
SandL Scandal happened.  The Enron Scandal is particularly ironic for me.  The Enron Scandal is an accounting scandal, an energy scandal, a “free marketscandal and a Bush scandal.  It is not only a sequel to the SandL Scandal, but I was in the
A legal battle ensued, my friend and the Enron executive received a settlement from the publishing company, and they eventually published their book through other channels.
www.ahealedplanet.net /savings.htm   (1368 words)

  
 washingtonpost.com: Enron
Photo Gallery: Track the unraveling of the Enron scandal through pictures.
THE INDICTMENT of Kenneth L. Lay, the creator of Enron, is proof, if any were needed, that even the whitest of white collars does not put one above the law.
HOUSTON, April 21 -- Two former Merrill Lynch & Co. executives convicted in Enron's bogus sale of power barges to the brokerage were sentenced Thursday to prison terms far shorter than the punishment sought by the government.
www.washingtonpost.com /wp-dyn/business/specials/energy/enron   (461 words)

  
 JURIST - Enron
[JURIST] An attorney for former Enron CEO Kenneth Lay [Houston Chronicle profile; JURIST news archive] has indicated that he intends to ask a federal court to vacate Lay's criminal convictions and dismiss the indictment in the case.
[JURIST] Two British men who face fraud charges in the US related to the Enron scandal [JURIST news archive] are searching for new lawyers, according to papers filed Monday by counsel for a third British man also facing trial.
[JURIST] The sudden death of former Enron CEO Kenneth Lay [JURIST report] on Wednesday presents the legal system, Lay's family and Lay's own legacy with major challenges, according to a University of Houston law professor who closely followed the trial....
jurist.law.pitt.edu /currentawareness/enron.php   (758 words)

  
 Enron Scandal   (Site not responding. Last check: 2007-11-01)
Former Enron CEO Kenneth Lay Surrenders to FBI
Enron and the Clinton Administration: Ties That Bind
Enron 'Scandal' Should Prompt Indictments — for the Clintons
www.newsmax.com /hottopics/Enron.shtml   (470 words)

  
 frontline: bigger than enron: view the full program online | PBS
frontline: bigger than enron: view the full program online
View the full 60 minute program in Windows Media and RealPlayer.
home + introduction + lessons + politics of enron + accounting wars + watchdogs
www.pbs.org /wgbh/pages/frontline/shows/regulation/view   (62 words)

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