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Enron Corp. is in the Energy Industry
Latest News and Analysis
Picking up the pieces
It takes a special breed of CEO to repair the damage caused by corporate implosion. No other word would do: Bill Schleyer was shocked. He was hardly naive. Schleyer, 51, had spent time running Continental Cable vision's operations, stayed on when it became MediaOne after US West Media...
Is value reporting for real?
The Accounting profession is undergoing very trying times. The actions of a few have transformed it from one of the most highly respected professions to one that is now far less valued. The authors recount recent events which have served to discredit the profession. They examine current legislative reaction to...
Employment Implications Of Sarbanes-Oxley After Enron, Global Crossing And Worldcom
From the executive summary: ‘The Sarbanes-Oxley Act establishes federal whistleblower protection for employees of covered companies. The legislation creates a web of complementary provisions designed to protect and encourage whistleblowers and to prevent retaliation against them. The statute requires public companies to adopt a code of business ethics and to...
Examination of the white collar crime penalty enhancements in the Sarbanes-Oxley Act.
The Sarbanes-Oxley Act the Act was signed into law on July 29, 2002. (1) The Act's passage was widely heralded as an historic occasion marked by the most comprehensive corporate reform measures enacted since the stock market crash of 1929. (2) Passage of the Sarbanes-Oxley Act was a reaction to...
Six Corporations Awash in Scandals Gave Nearly $13M in Soft Money During Past Decade, According to Democracy 21 Report
WASHINGTON, July 8 /U.S. Newswire/ -- During the past 10 years, a rogue's list of corporations currently awash in scandals -- Adelphia Communications, Arthur Andersen, Enron Corporation, Global Crossing, Qwest Communications, and WorldCom Inc. -- poured $12,988,699 in soft money contributions into the nation's political system, including $7,765,553 to Republicans...
Under the board talk.
Jun 17, 2002 The Economist ABIX via COMTEX -- The quality of corporate governance at US companies will not improve unless their directors are given more independence. The recent scandals in the US - involving such giants as Enron, Global Crossing, WorldCom and Tyco...
Swaps - Backpage Briefing - -Enron and Global Crossing - Brief Article
The two most notorious recent corporate failures--Enron and Global Crossing--came together in March last year for a complex deal aimed at helping both companies book revenue, according to The Wall Street Journal. The two firms--both now in Chapter 11--completed a fiber capacity swap deal aimed at disguising what was...
Proving fraud may not be much solace for investors ; Shareholders' efforts to recover from Enron, Global Crossing.(possible lawsuits against Global Crossing Ltd. and Enron Corp.)
Some public employee retirement systems have announced intentions to file lawsuits against Enron Corp. and Global Crossing Ltd. to recover damages for the lost value of investments in those companies' stocks and bonds. Two recent court decisions make Some public employee retirement systems have announced intentions...
Panel Investigating Enron Now Eyes Global Crossing.
By Patrice Hill, The Washington Times Knight Ridder/Tribune Business News By Patrice Hill, The Washington Times Knight Ridder/Tribune Business News
Look out for firms in the family way.
Mar 3, 2002 The Sunday Times ABIX via COMTEX -- Businesses that involve members of the same family sometimes need to be carefully scrutinised. Wachovia Securities analyst, Mark Roberts, says, as a general rule, children of successful CEOs do not perform as well as...
Nepotism adds to concern of jittery investors.
Mar 4, 2002 The Canberra Times ABIX via COMTEX -- Analysts are warning investors to be very wary of any company decision involving family members, in the wake of the Enron collapse. Investigations have uncovered Enron business conducted with the former CEO's son and...
SEC inquiry into failure at Global Crossing
A WHIFF of Enron-style scandal was in the air for Global Crossing, the bankrupt telecoms giant, as the company acknowledged yesterday it was under federal investigation for possible accounting irregularities. Questions were also asked about a senior political contact who made a $18m (pounds 12.7m) profit on its shares. ...
ENRON REDUX?; Kmart plan participants may get hurt, but not maimed, by firm's bankruptcy.(Brief Article)
TROY, Mich. - Kmart's 401k participants won't see their retirement savings wiped out by their employer's bankruptcy filing the way Enron Corp.'s employees did. That's because Kmart Corp.'s plan has only about 14% of its assets in company stock, TROY, Mich. -...
Additional Resources
Effects of Enron on future Russian business leaders: a time line survey
Russia has emerged as a new capitalistic country with a prior history of corruption under the state controlled regime. Will word of corruption in America stop efforts for an ethical business climate in the new Russia? Has the Enron scandal affected Russian views of business? In pursuit of the answer,...
Documentaries of all kinds
A rich array of documentaries can be found on DVD this fall, from the absurd and comical to the tragic. The Rape of Europa from Menemsha Films (www.menemshafilms.com; $29.95. not rated) is a thrilling film based on Robert M. Edsel's book, Rescuing Da Vinci , which details how the Nazis...
Constellation Energy Resumes Construction of 774-Megawatt Hillabee Energy Center, an Industrial Info News Alert
Researched by Industrial Info Resources(Sugar Land, Texas) -- Constellation Energy Group Incorporated (NYSE:CEG)(Baltimore, Maryland) resumed construction of the Hillabee Energy Centerthis month near Alexander City, Alabama, after receiving the final permitin September. The plant, which Constellation acquired from CalpineCorporation (NYSE:CPN) (San Jose, California) in February 2008, had stoppedconstruction in 2003...
Southwestern Energy Appoints New Senior Vice President
HOUSTON, Oct. 15 /PRNewswire-FirstCall/ -- Southwestern Energy Company today announced the appointment of Jeffrey B. Sherrick as Senior Vice President - Exploitation of its subsidiaries, SEECO, Inc. and Southwestern Energy Production Company, effective today. Mr. Sherrick will be responsible for the company's North American oil and gas...
Former Enron lead prosecutor John Hueston tells his court tale
CORRESPONDENT DANVILLE -- John Hueston, former lead prosecutor in the Enron trial, talked to a riveted crowd Tuesday morning about how to spot ethical pitfalls in business Regaling his audience with details of the now infamous collapse of energy giant Enron, Hueston revealed the...
Eliminate Enron accounting
In a court settlement, quietly announced on Sept. 9, J.P. Morgan, Citigroup, Bank of America, Lehman Brothers and others agreed to pay $7.2 billion dollars to Enron shareholders. Being the masterminds behind "Enron accounting," is it any wonder that these companies spent the last decade infecting the entire global financial...
A ripsote to the Archbishop
When Rowan Williams and John Sentamu took up their crosiers against shortsellers, they chose strange company: Ken Lay, the disgraced chief executive of Enron, Dennis Kozlowski, the jailed boss of Tyco (who took out full-page ads against short-sellers, before his company sank under the burden of accounting fraud) and the...
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