Monthly Archives: May 2008
Enron A Focus Of New Oil Inquiry
The company has been dead eight years but is still under suspicion for market manipulation. Federal regulators investigating possible price manipulation of crude oil are probably looking at what role collapsed energy giant Enron may have played, a former government … Continue reading
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Reasonable Profits: How Democrats Continue To Misunderstand Enron
The Tax Foundation has a post that is interesting for two reasons. The first is that it outlines the absurdity of certain Democrats’ ideas about the energy industry and the second is that it points out the shenanigans of (D-PA) Rep. … Continue reading
Filed under Enron
The Enron Executives As Children: Sharron Watkins
Sharron Watkins checked under the stalls and, satisfied that she was alone in the girl’s restroom, checked her teeth in the mirror. For what she had in mind, she had to look her absolute best. Hair, teeth, skin were as … Continue reading
Filed under Enron
The Enron Executives As Children: Andy Fastow
Sundays were the worst. Andy Fastow was Jewish, and all the other kids on Elm Court were Christian so none of them were available to play until at least noon, usually more like one or two o’clock. He couldn’t understand … Continue reading
Today In Enron History
Today in 2006, after five days of deliberations, a Houston jury returned guilty verdicts against Jeff Skilling and Dr. Ken Lay. Jeff Skilling was found guilty on one count of conspiracy, one count of insider trading, five counts of making … Continue reading
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I Ask Why
Wishing does not make it so. So I ask. At least that way I have a chance. I ask anybody. I ask everybody. I ask God. I ask for help, for forgiveness, for a break. Usually I ask for more. … Continue reading
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Today In Enron History
Today in Enron history, in 2001, Enron completed its one millionth transaction on EnronOnline. EnronOnline was the first global online system that allowed traders to transact commodity products in real time. It went live on November 29, 1999. Until that date, a trader who … Continue reading
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Full Disclosure
I have re-read Enron’s 2000 10-K, published smack in the middle of the so-called ‘conspiracy period’ and I am struck, again, at how clear it is. The first time I read it was about a year ago, before I got … Continue reading
Filed under Enron
Today In Enron History
Today in Enron history, in the year 2001, Jeff Skilling said the words, “They’re on to us” at a meeting. On May 21, 2001, between 8am and 1pm, Enron executives conducted their monthly Policy Committee Meeting in the Fannin Room of … Continue reading
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Police Plant Evidence, Cover Up Shooting Death
For anyone who doubts that the prosecution is less than squeaky clean in the Enron case, please direct your browsers here. This case isn’t about Enron, or corporate crime at all. It’s about a 92 year old woman who was … Continue reading
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Today In Enron History
Today in 2004, Enron corporate secretary Paula Rieker pleaded guilty to one count of insider trading after accusing herself of selling stock upon knowledge that Enron’s broadband unit lost more money than publicly claimed. She was sentenced to two year’s … Continue reading
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Former Enron Employees Keep Fraudulent Money
Former Enron employees were accidentally given enormous payouts, and Enron wants its money back. Naturally, some blogs, notably Loren Steffy’s, are up in arms over the gall of Enron asking for its money back. Commentators base their opinion on the … Continue reading
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The Iconic E Sold To Buyer In NY
Two of the iconic “E” logos of the Enron Corporation have been sold to an anonymous buyer in New York. Lou Congelio, an advertising executive in Houston, bought the iconic letters in 2002 at Enron’s bankruptcy auction. He sold them … Continue reading
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Andrew Weissmann Talks For Money
Andrew Weissmann is discussing Enron today at Manhattanville College. Something called “The Center for Ethics at Manhattanville” is presenting the speech. The cost is $35. A speech on ethics…by this guy? By the man who is widely acknowledged, even by … Continue reading
Filed under Enron
Broadband Three Headed Back To Trial
Three former Enron broadband division executives will again stand trial late this year. U.S. District Judge Vanessa Gilmore ruled yesterday that former division CEO Joe Hirko and software executive Rex Shelby will be retried Nov. 3, followed by former top … Continue reading
