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Topic: Sherron Watkins


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In the News (Sun 29 Nov 09)

  
  Watkins said Skilling, Fastow duped Lay - Feb. 14, 2002
Watkins told the panel that she tried to tell Lay of her worries about the company's accounting last August, after he reassumed the role of CEO following the resignation of Skilling, who said he was leaving personal reasons.
Watkins, self-assured and very detailed as she answered a barrage of questions, has been with Enron since 1993 when Fastow hired her to work at the Houston-based company, once the nation's seventh biggest before it collapsed under its debts and filed for bankruptcy last December.
Watkins said she was "highly alarmed" by the information she was seeing as Enron was using its own stock, in effect, to generate gains or avoid losses on its income statement.
money.cnn.com /2002/02/14/companies/enron_watkins   (1093 words)

  
 Keynote Speaker – Sherron Watkins   (Site not responding. Last check: 2007-10-18)
Sherron Watkins is the well-known ‘whistleblower’ at Enron Corp., who wrote Ken Lay, then CEO, in August 2001 warning him that his company ‘might implode in a wave of accounting scandals.’  She has testified before Congressional Committees from the House and Senate investigating Enron’s demise.
Watkins was awarded the Court TV Scales of Justice Award and its Everyday Hero’s Award in May 2002 and the Women Mean Business Award from the Business and Professional Women/USA Organization in July 2002.
Watkins worked for 3 years as the portfolio manager of MG Trade Finance Corp’s commodity backed finance assets in New York City and for 8 years in the auditing group of both the New York and Houston offices of Arthur Andersen.
www.mtma.com /Events/WatkinsBio.htm   (328 words)

  
 Text of Sherron Watkins' Testimony at House Hearing on Enron
Watkins' appearance and testimony before us today will be the first time anyone has had the opportunity to question her publicly about her own actions, and how individuals at the highest level in the company responded to her warnings.
Watkins is not a whistle-blower in the conventional sense.
WATKINS: It was -- we had a press release that we had unwound some of the LJM transactions, and taken these write-offs and reductions of shareholder equity in the third quarter.
www.apfn.org /enron/watkins2.htm   (14613 words)

  
 Houston's Clear Thinkers: The Enron Task Force attempts to muzzle Sherron Watkins
Watkins was not a whistleblower (she never alerted anyone on the outside about alleged Enron improprieties) and that her memo to Mr.
Watkins is mentioned 35 times in the plaintiffs' complaint in the Enron securities fraud class action, it is reasonable for the defendants to find out what she has to say under oath.
Watkins is without any meaningful basis, particularly given the fact that any tactical advantage that the Task Force may lose as a result of her tesimony in the civil case is miniscule because everyone knows about Ms.
blog.kir.com /archives/002344.asp   (557 words)

  
 Guardian Unlimited | Special reports | The woman who took on a giant
Sherron Watkins's memo blew the lid on Enron and led to sackings and a suicide.
Sherron Watkins was in a determined mood as she left her impressive mansion on the outskirts of Houston in Texas on the morning of 22 August last year.
Watkins - who is not giving interviews - explained to her sister that she had come to the office because 'work is a haven...
www.guardian.co.uk /enron/story/0,11337,640205,00.html   (1458 words)

  
 The Women of Enron : The Best Revenge
Although Watkins seems to have adjusted to celebrity rather effortlessly, she's still the smart, funny, outspoken, and, er, profane woman we saw testifying before a congressional panel, keeping her cool while former Enron CEO Jeffrey Skilling tried his best to bore holes into her with his eyes.
It is ironic that Watkins hopes to make a name for herself in the boardroom, when she didn't choose to inform Enron's board of the company's problems but instead went to Lay.
Watkins is also considering joining the audit committee of a couple of companies: one a large not-for-profit, the other a public company.
www.fastcompany.com /magazine/74/enron_watkins.html   (1320 words)

  
 Keynote Speaker Sherron Watkins   (Site not responding. Last check: 2007-10-18)
Sherron Watkins, former Vice President, Enron Corp., is the well known 'whistleblower' at Enron Corp., who wrote Ken Lay, then CEO, in August 2001 warning him that his company 'might implode in a wave of accounting scandals.' She has testified before Congressional Committees from the House and Senate investigating Enron's demise.
Watkins joined Enron nearly 9 years ago in late 1993, initially working for Andrew Fastow, managing Enron's $1 billion-plus portfolio of energy related investments held in Enron's various investment vehicles.
Watkins is married with one child and resides in Houston, Texas.
www.possiblewoman.com /Atlanta2003/2003_watkinsBio.html   (445 words)

  
 Persons of the Year 2002 - Cynthia Cooper, Coleen Rowley and Sherron Watkins   (Site not responding. Last check: 2007-10-18)
Sherron Watkins is the Enron vice president who wrote a letter to chairman Kenneth Lay in the summer of 2001 warning him that the company's methods of accounting were improper.
And while Watkins rose quickly through the ranks and was thought of as whip smart, she earned an equally well-deserved reputation for lack of tact.
Sherron Watkins." Their daughter Marion, 2, ran around the living room squealing, "Mommy's on the news again." One morning a maintenance crew arrived to move her back up to an executive office.
www.uic.edu /classes/actg/actg516rtr/Readings/Time-Women-of-the-year.htm   (7237 words)

  
 USATODAY.com - Watkins gets frank about days at Enron   (Site not responding. Last check: 2007-10-18)
Watkins also felt she would hit a dead end with Skilling, the Harvard MBA who set the pace for Enron's macho culture.
Watkins says she sold her stock because Enron's share price was falling rapidly, especially after the Sept. 11 attacks, and she needed to pay her taxes.
Watkins says she would have gone to the SEC if Enron had ignored her concerns and continued to engage in suspected accounting fraud.
www.usatoday.com /money/industries/energy/2003-03-24-watkins_x.htm   (1771 words)

  
 HoustonChronicle.com - Whistleblower Sherron Watkins leaving Enron
Watkins, who is working on a book about Enron's demise, will also continue to give lectures about her experiences and business ethics.
Watkins discovered the accounting problems while working for Fastow, who was indicted last month on 78 counts charging him with masterminding complex financial schemes that enriched him and helped doom the company.
Watkins said Fastow tried to get her fired when he found out that she had met with Lay, and that she was subsequently transferred to the job she held until Friday.
www.chron.com /cs/CDA/story.hts/business/1663362   (538 words)

  
 Encyclopedia: Sherron Watkins   (Site not responding. Last check: 2007-10-18)
Sharon Watkins was Vice President of corporate development at Enron and is considered by many the whistleblower who helped to uncover the Enron scandal in 2001/2002.
Jump to: navigation, search This article needs to be cleaned up to conform to a higher standard of quality.
Sharon Watkins eMail to Enron Chairman Kenneth Lay, August 2001
www.nationmaster.com /encyclopedia/Sherron-Watkins   (483 words)

  
 TIME.com: By the Sign of the Crooked E -- Page 1   (Site not responding. Last check: 2007-10-18)
Watkins' letters, along with thousands of other documents, are now in the hands of congressional and criminal investigators who are probing how Enron, its pet-rock auditors at Andersen and a host of other supporting actors allowed the country's seventh largest company to suddenly go bankrupt in December.
Watkins wanted to help, but everywhere she looked she ran into off-the-books arrangements that no one could explain or seemed to want to investigate.
Watkins homed in on two sets of transactions called Condor and Raptor (Enron had a penchant for names inspired by Jurassic Park and Star Wars) and argued that the accounting treatment was unsound, if not dishonest.
www.time.com /time/business/article/0,8599,195268,00.html   (2857 words)

  
 Sherron Watkins - Woman Who Saw Red
At age 42, Watkins had climbed to the rank of vice president at Enron, she owned a lovely home in an upper-class Houston neighborhood, and she finally had the family she’d so long desired.
And Watkins found herself cast as the hero in the Enron scandal: Suddenly, she was the tough-talking Texas woman who had stood up to all the good old boys in the corporate hierarchy, the men who had been making millions while their employees and shareholders watched some, or all, of their life savings evaporate.
Watkins used to have an office like that, back last summer, back before she spoke up, before she requested a transfer to a new department because she no longer felt comfortable working for then-Chief Financial Officer Andrew Fastow.
www.apfn.org /enron/Sherron_watkins.htm   (2851 words)

  
 Watkins Heralded Enron Collapse
Watkins who is Vice President of Corporate Development at Houtson-based Enron first wrote an anonymous memo that predicted that Enron would implode due to accounting failures.
Enron Executive Sherron Watkins explained her part as the herald of the collapse of Enron.
Sherron Watkins met with CEO, Kenneth Lay, on August 22, for cursing, Day 234, for the division of the land, which links the herald of the fall of Enron to the Middle East peace process.
www.biblenews1.com /history2/20020214.htm   (611 words)

  
 Whistle-Blowing: Enron and its Employees, Heather Hails, student essays,Sherron Watkins, John Richard Stevens,English ...
Sherron Watkins, first hand accounts of employees, and whistle-blowing scholars are very helpful in this process.
Watkins is very lucky; the press and the business community probably were looking for at least one person that they could call a hero in this whole sordid affair, and she came closest to being one" (Baynes 882).
Sherron Watkins adamantly agrees with this issue in her speech when she says, "I think we have to see a lot more active boards really running their companies" (439).
www.englishdiscourse.org /edr.1.4hails.html   (2262 words)

  
 TIME.com: Person of the Week: 'Enron Whistleblower' Sherron Watkins -- Page 1
Sherron Watkins, according to her lawyer and press reports, is Enron's vice president of corporate development.
Sherron Watkins still works for Enron, and she returned to the office Tuesday morning just as her memo, released anew and in full by congressional investigators, covered front pages across the country.
The shriek of Sherron Watkins' letter didn't reach public ears until five months after she wrote it, and even in August concerns like hers seem to have been old news in corner offices, and probably some cubicles, at both companies.
www.time.com /time/pow/article/0,8599,194927,00.html   (708 words)

  
 Online NewsHour: Sherron Watkins Testifies Before House Subcommittee -- Feb. 14, 2002
Watkins, speaking publicly for the first time about Enron, blamed former CFO Andrew Fastow, former CEO Jeffrey Skilling, and other top executives for using Enron's partnerships in order to hide corporate losses and debts.
Watkins testified that Andrew Fastow wanted her to be terminated after she met with Lay personally on Aug. 22.
Watkins also outlined a public relations campaign for Lay, saying he should "admit that he trusted the wrong people," and should shift blame to Skilling, Fastow, former chief risk officer Richard Buy, and former chief accounting officer Richard Causey.
www.pbs.org /newshour/updates/february02/enron_2-14.html   (618 words)

  
 ACFE Article: Enron’s Sherron Watkins to Speak at 13th Annual Fraud Conference & Trade Show   (Site not responding. Last check: 2007-10-18)
Sherron Watkins, the Enron executive credited with helping expose the company's alleged financial statement fraud, will be a featured speaker at the 13th Annual Fraud Conference and Trade Show Aug. 4-9 at the Renaissance Hollywood Hotel.
Watkins, an accountant, has agreed to share her experiences at Enron with an eager audience of anti-fraud professionals.
Watkins argued that the methods governing certain accounts were not only unsound but also potentially illegal.
www.cfenet.com /resources/Articles/ViewArticle.asp?ArticleID=186   (3711 words)

  
 Amazon.com: Books: Power Failure: The Inside Story of the Collapse of Enron   (Site not responding. Last check: 2007-10-18)
SHERRON Watkins went to the Enron Corporation's November management conference for the year 2000 determined she wouldn't be taken for a loser.
Watkins was hailed in 2001, following the collapse of Enron, as a heroine for her "whistle-blowing." Whether her actions actually constitute that appellation is open to question.
Watkins is an accountant and naturally had a strong sense of the financial improprieties the company had embarked upon, but the impending doom she warned of in her now-famous memo to Lay should have been obvious to everyone.
www.amazon.com /exec/obidos/tg/detail/-/0385507879?v=glance   (2453 words)

  
 Enron VP tells Congress she feared for her life But media remains silent on Baxter "suicide"
Enron Vice President Sherron Watkins, who warned top company officials last August that the energy trading giant might “implode in a wave of accounting scandals,” said she feared for her own life during the crisis that culminated in Enron’s filing for bankruptcy.
Watkins said she feared that speaking out about these transactions would be a “job-terminating move,” and only sent her memo to Lay after Skilling abruptly quit the company and a shake-up was clearly in the works.
Watkins’ account is quite different from the version told by Skilling under oath at a congressional hearing a week earlier, in which he described himself as only vaguely aware of the financial operations carried out by Fastow.
www.wsws.org /articles/2002/feb2002/enro-f22_prn.shtml   (1344 words)

  
 Wharton Leadership Digest   (Site not responding. Last check: 2007-10-18)
Sherron Watkins came to Enron from a post at the accounting firm of Arthur Andersen.
Jeffrey Skilling’s unexpected resignation gave Sherron Watkins the jolt that she needed to openly challenge Enron’s misbehavior, but by time she came forward it was almost too late to save the company unless CEO Kenneth Lay took immediate and far-reaching steps.
Sherron Watkins is speaking at the Wharton Annual Leadership Conference on June 4, 2003.
leadership.wharton.upenn.edu /digest/04-03.shtml   (3203 words)

  
 Total Access Speakers Bureau Inc. - Corporate, Academic & Association Speakers
Sherron Watkins is the former Vice President of Enron Corporation who alerted then-CEO Ken Lay in August 2001 to accounting irregularities within the company, warning him that Enron ‘might implode in a wave of accounting scandals.’ She has testified before Congressional Committees from the House and Senate investigating Enron’s demise.
Watkins is co-author, along with prize-winning journalist, Mimi Swartz, of Power Failure, the Inside Story of the Collapse of Enron, published by Doubleday in March 2003.
Watkins is lecturing around the country on the subject of Enron and the erosion of trust in this country’s capitalist system due to recent corporate and Wall Street scandals.
www.totalaccessspeakers.com /caas_display.php?speaker_id=706   (379 words)

  
 Online NewsHour: Key Witness - February 14, 2002
SPENCER MICHELS: Sherron Watkins is the Enron employee who went to CEO Ken Lay last August warning him that accounting fraud could sink the company.
SHERRON WATKINS, Vice President, Enron: I was highly alarmed by the information I received.
SHERRON WATKINS: On August 14, 2001, I was informed of Mr.
www.pbs.org /newshour/bb/business/jan-june02/enron_2-14.html   (827 words)

  
 BW Online | December 16, 2002 | Was Sherron Watkins Really So Selfless?
Watkins, 43, is getting heat for not taking her concerns about accounting and insider deals to regulators, the press, or even the company's board.
Watkins, who would speak only through her lawyer, Philip Hilder, insists she did not know the disturbing details that set off alarm bells for her until 2001.
Watkins recently left her $165,000-a-year Enron job of her own accord when she found herself with little to do at the bankrupt company.
www.businessweek.com /magazine/content/02_50/b3812101.htm   (559 words)

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