BNET Industries

  • Private
  • US
Dow Jones Description

Enron Creditors Recovery Corp. ("ECRC") is the new name for Enron Corp. After Enron's Plan of Reorganization was approved by the United States Bankruptcy Court for the Southern District of New York, the new board of directors decided to change the name of Enron Corp. to reflect the current corporate purpose. ECRC's sole mission is to reorganize and liquidate certain of the operations and assets of the "pre-bankruptcy" Enron for the benefit of creditors. Enron's bankruptcy in 2001 is one of the largest and most complex bankruptcies in U.S. history. In November 2004, Enron emerged from bankruptcy and the company began its mission of reorganizing and distributing assets to its creditors. In connection with Enron's emergence from bankruptcy in November 2004, a new board of directors was appointed, and they adopted this mandate: obtain the highest value from the company's remaining assets and distribute the proceeds to the company's creditors. As part of its efforts, ECRC has successfully undertaken legal action to hold responsible the major financial institutions that it contends assisted the pre-bankruptcy Enron deceive the public.

President
John J. Ray
Number of Employees 11,700
Contact Information

1221 Lamar St Ste 1600

PO Box 1188

Houston, Texas 77010

www.enron.com

(713) 853-6161

NAICS Code Pipeline Transportation of Natural Gas: 486210

News & Analysis

enron corp. and insurance - All News and Analysis

Decision Makers

Name (plus bio) Position
John J. Ray President
Robert H. Walls General Counsel & Executive Vice President
Mary Perkins Vice President
George Wasaff Managing Director, Corp Services
Tim O'rourke Director, HR
Bala Dharan Co-Author
Bethany Mc Lean Co-Author
Dorianna C Phillips
Evan Hughes
Howard Blaustein
Jeff Harbert
Jonathan Arnold
Mark Drummond
Mark G. Ledwin Representative
Matthew Bishop
Michael Taylor Trader
Peter Fusaro Best Selling Author
Richard Shinder
Ron Reynolds Reservoir Technician
Russell L. Smith
Stanley P Hanks
Tim Derrick
Vicki Sharif
James R. Latimer Director
John Wakeham Director

Board of Directors

Name (plus bio) Position
Charles A. Lemaistre Board of Directors
Charles E. Walker Board of Directors
Corbin A. McNeill Board of Directors
Herbert S. Winokur Board of Directors
Joe H. Foy Board of Directors
John A. Urquhart Board of Directors
John H. Duncan Board of Directors
Norman P. Blake Board of Directors
Robert A. Belfer Board of Directors
Robert K. Jaedicke Board of Directors
Robert M Deutschman Vice Chairman
Ronnie C. Chan Board of Directors
Wendy L. Gramm Board of Directors

Organization Position Status
Enron Corp. President Current
Motient Corporation Current
Enron Corp. Chairman of the Board Current
A Better Motient Board of Directors Current
The Fruit Company Chief Administrative Officer Former
The Fruit Company General Counsel Former
Liquidity Services, Inc. Board of Directors Former
The Fruit Company Secretary Former
Drake University J.D. Former
Liquidity Services, Inc. Trustee Former

Organization Position Status
Enron Corp. General Counsel & Executive Vice President Current

Organization Position Status
Enron Corp. Vice President Current

Organization Position Status
Enron Corp. Managing Director, Corp Services Current

Organization Position Status
Enron Corp. Director, HR Current
Enron Corp. Director, HR Former

Bala Dharan, Ph.D., CPA, is the J. Howard Creekmore professor of accounting at the Jones Graduate School of Management, Rice University, Houston, and an affiliate director of LECG in the Houston office. He has extensive research and consulting experience in financial reporting and accounting issues, as well as investment analysis and business valuation, and is frequently cited by media on accounting issues. He has also been invited several times to testify before the U.S. Congress on financial reporting issues and accounting standards. Bala has been on the Rice University faculty since 1982, and has been a visiting professor at business schools at Harvard, Berkeley, and Northwestern. His research centers on the use of financial information by investors, and in particular on the effect of accounting changes on the quality of information reported to investors, and is the co-author of Enron: Corporate Fiascos and Their Implications, a book on the accounting and corporate governance lessons learned from recent corporate scandals. Bala received his PhD in accounting from Carnegie Mellon University, Pittsburgh, in 1981, following an MS in accounting. He also has a B.Tech in chemical engineering from Indian Institute of Technology and an MBA from Indian Institute of Management. He is a Certified Public Accountant in Texas.

Organization Position Status
LECG Corp. J. Howard Creekmore Professor of Accounting Current
Enron Corp. Co-Author Current
Rice University Faculty Former
Harvard Corporation Former
Carnegie Mellon University PhD In Accounting Former
Indian Institute of Management Mba Former
Indian Institute of Technology B.Tech in chemical engineering Former

Bethany Mc Lean at her Manhattan home. Mc Lean, a senior writer and business editor at Fortune magazine, is widely known as the first journalist to expose the corruption of Enron officials. She is the co-author of Enron: The Smartest Guys the Room

Organization Position Status
Enron Corp. Co-Author Current

Dorianna C. Phillips is the Senior Media Planner for Poorman-Douglas Noticing. Dorianna is responsible for the design, coordination and implementation of our class action and bankruptcy advertising efforts. She has been responsible for class action cases including, Microfilm Services v. Microsoft Corporation and In re: Managed Care Litigation (CIGNA Settlements), In re: Natural Gas Anti-Trust Cases I,II, III & IV,. Her bankruptcy legal notice experience includes: In re: Mirant Corporation, In re: Enron Corporation ERISA Litigation and In re: Ormet Corporation et al. Dorianna has a B.S. in Advertising and Marketing with a Minor in Communications from Portland State University. e-mail: dphi@legalnotice.com dphi@legalnotice.com .

Organization Position Status
Poorman-Douglas Corporation Senior Media Planner for Poorman, Douglas Noticing Current
Mirant Corporation Current
Ormet Corporation Current
Enron Corp. Current
Portland State University B.S. In Advertising and Marketing Former

Mr. Hughes has an extensive background as a professional manager. He served four years as a Presidential Appointee during the Bush Administration in Washington, D.C. During that time he worked in more than 30 countries assisting U.S. businesses develop international opportunities. He also worked eight years as a restructuring officer in 3 distressed public companies before spending time at post bankruptcy Enron where he was responsible for small asset liquidations and bankruptcy document retention.

Organization Position Status
Commerce Restructuring Company, LLC Current
Enron Corp. Current

Organization Position Status
Kurtzman Carson Consultants LLC Senior Managing Consultant Former
R.H. Macy & Co. Current
Eastern Airlines Current
Enron Corp. Current
Wide Travel Current
Kmart Current
Far Co Current
Ormet Corporation Current
Bent On Learning Board of Directors Current
Kurtzman Carson Consultants LLC Director, Business Dev Former
New York Law School J.D. Former
Vassar College Former

Array

Organization Position Status
Gexa Energy, L.P. Chief Financial Officer Current
Trade Resources Company Current
FPL, LLC Director of Financial Planning and Analysis Former
Waste Management, Inc. Chief Risk Executive Former
Louisiana State University Bachelor of Science Degree In Accounting Former

An expert in antitrust, intellectual property, and securities, Mr. Arnold has worked on behalf of numerous Fortune 500 companies and with most of the nation's top law firms. He regularly manages complex civil litigation matters in which he has assessed arguments submitted by multiple expert witnesses and prepared multiple experts in rebuttal covering aspects of accounting, economics, and finance. In addition, he testifies on liability and damages issues in antitrust, intellectual property, securities, and complex business tort disputes. He is currently advising a top financial institution in connection with its Enron-related litigations and recently assisted Honeywell in a $1 billion case involving alleged accounting fraud and fraudulent conveyance. His experience also includes leading the expert work and attendant analysis in Winstar cases for the U.S. Department of Justice, serving as an expert witness for the Chicago Board of Trade in a matter involving electronic trading patents, and advising a large asset management/investment fund firm regarding an SEC investigation into trading practices.

Organization Position Status
Analysis Group, Inc. Managing Principal Current
Enron Corp. Current
Honeywell Corporation Current
American Law and Economics Association Board of Directors Current

Since Mark Drummond founded Drummond & Company in 2003, the firm has become a leader in providing innovative consulting and technology solutions to Fortune 500 Companies in the Energy and Financial Industries. Prior to establishing Drummond & Company, Drummond was a senior project manager at Openlink Financial Inc. in Houston. He was responsible for managing the implementation of the Endur product for top tiered clients in Openlink's Energy division. Previous jobs include positions with Altra Technologies, Shell Services Company, Electronic Data Systems and Enron. He holds Bachelor's of Business Administration Degrees in Finance and Business Analysis from Texas A & M University.

Organization Position Status
Drummond Company, Inc. Founder Current
Enron Corp. Current
Electronic Data Systems Corporation Current
Open Link Financial Inc. Former
Texas A&M University Bachelor's Former

Mark G. Ledwin is a Partner in the White Plains office. His practice focuses on the areas of bankruptcy, creditors' rights and commercial litigation. He has represented numerous creditors in state and federal courts, including many insurance companies, banks, and finance companies. Prior to joining the firm in 1991, Mark served as a law clerk to U.S. District Court Judge George E. Woods in Detroit, Michigan. Mark has developed a particular expertise in the resolution of insurance coverage and claims issues in bankruptcy. Mark has represented insurers in numerous bankruptcy cases across the country where an insured or co-defendant has filed for bankruptcy due to massive exposure for alleged financial misrepresentations, mass torts or environmental claims. Representative cases include Enron, Allegheny Health Education and Research Foundation, Pittsburgh Corning, Raymark, RFI Realty, W.R. Grace, Federal Mogul, Twin Labs, Nutraquest, Delaco, NVE and Metabolife. Mark is a frequent author and speaker on bankruptcy issues. He has published several articles in the Bankruptcy Developments Journal of Emory University and the PLUS Journal. He has also lectured at Mealey's Litigation Seminars, New York State Judicial Conference, Pace University School of Law CLE Program, the National Forum for Environmental and Toxic Tort Issues, the Westchester/Fairfield Counties Chapter of the American Corporate Counsel Association, and has lectured to the legal departments of numerous companies.

Organization Position Status
Wilson Elser Moskowitz Edelman & Dicker Partner Current
Enron Corp. Representative Current
Allegheny Power Representative Current

Matthew Bishop is Chief Business Writer/American Business Editor of The Economist. He also serves as the New York Bureau Chief. Matthew is the author of several Economist special survey supplements, including most recently "The Business of Giving", which looks at the industrial revolution taking place in philanthropy; "Kings of Capitalism", which anticipated and analysed the recent boom in private equity; and "Capitalism and its Troubles", an examination of the impact of problems such as the collapse of Enron. Matthew is the author of "Essential Economics", the official Economist layperson's guide to economics. Before joining The Economist, Matthew was on the faculty of London Business School, where he co-authored three books for the Oxford University Press, on subjects ranging from privatisation and regulation to corporate mergers. Matthew has served as a member of the Sykes Commission on the investment system in the 21st Century. He was also on the Advisors Group of the United Nations International Year of Microcredit 2005. He has been honoured as a Young Global Leader by the World Economic Forum and is an Oxford University graduate.

Organization Position Status
Enron Corp. Current
Financial Access Initiative Board of Directors Current

Mike Taylor is currently a Senior Emissions Trader with Louis Dreyfus Energy Services, a position that he has held since June 2006. Louis Dreyfus Energy Services is a major North American energy merchant active in the processing, trading, marketing and transporting of a wide range of energy products. The company supports its energy activities with a diversified processing, pipeline and storage asset base operated to provide bundled commodity and logistics services to the energy industry. Mr. Taylor has five years of experience in energy trading specializing in emissions trading. Prior to joining Louis Dreyfus, Mr. Taylor was Senior Trader in Coal and Emissions with NRG Energy where he was responsible for optimizing the emissions portfolio for the 25,000 MW fleet and adding incremental value through trading in the environmental markets. Prior positions include Consulting Associate with CRA, Senior Emissions Trader at Multifuels LP and Analyst on the Enron Coal and Emissions Desk. Mr. Taylor currently serves on EMA's Board and has been a speaker at numerous energy conferences regarding emissions trading and marketing.

Organization Position Status
Enron Corp. Trader Current
Environmental Markets Association Treasurer Current
Emissions Trading Director Current
NRG Energy, Inc. Senior Trader Former
NRG Incorporated Former

Organization Position Status
Utilipoint International, Inc. Chairman and Founder, Global Change Associates and Affiliated Consultant, Utilipoint International Current
Enron Corp. Best Selling Author Current
Global Change Associates, Inc. Chairman Current
Crd Analytics Board of Directors Current
New York Academy of Sciences Board of Directors Current
Clean Air Technology, Inc. Board of Directors Current
Utilipoint International, Inc. Board of Directors Current
Zerofootprint Energy Board of Directors Current
New York Chapter President Former
Global Change Associates, Inc. Founder Former
Tufts University Masters In International Relations Former
Carnegie Mellon University Bachelor of Arts Former

Richard Shinder is a Managing Director with The Blackstone Group, a boutique investment banking and private equity firm based in New York. He works as a senior member of the firm's Restructuring and Reorganization Advisory Group, and is responsible for the execution of complex in- and out-of-court financial restructuring assignments on behalf of debtor and creditor clients. His current and completed assignments include advisory engagements with Enron Corp., the most complex chapter 11 filing in U.S. history; W. R. Grace & Co., a mass tort bankruptcy involving an international manufacturer of specialty chemical products; Levitz Furniture Incorporated, a major furniture retailer; Telergy, Inc.; and Data Transmission Network Corporation.

Organization Position Status
Reinventions, Inc Senior Member Current
Data Transmission Network Corporation Retailer Current
Enron Corp. Current
The Regents Board of Directors Current
Reinventions, Inc Board of Directors Current
Blackstone Group Managing Director Former
Wharton Graduate School of the University of Pennsylvania M.B.A Former

Ron Reynolds serves as president of Panora Cooperative Cablevision and was elected in 1980 to the board of directors. Ron lives on an acreage at the edge of Panora and is a Reservoir Technician for Enron in Redfield.

Organization Position Status
Panora Cooperative Telephone Association, Inc. President of Panora Cooperative Cablevision and Current
Guthrie Center Communications, Inc. President of Panora Cooperative Cablevision Current
Enron Corp. Reservoir Technician Current
Panora Cooperative Telephone Association, Inc. Board of Directors Current
Guthrie Center Communications, Inc. Board of Directors Current

Russell L. Smith is special counsel to the Government Relations Department of Willkie Farr & Gallagher LLP in Washington, D.C. Mr. Smith specializes in a wide variety of federal relations areas, including Congressional investigations, and legislative matters involving environmental law, international trade and embargoes, consumer products, financial services and institutions, foreign investment, overseas bribery, foreign boycotts, nuclear power, defense contracting, and federal and state campaign finance law. Mr. Smith has also represented clients in administrative proceedings before the Department of Commerce, the Department of Energy, the Federal Trade Commission, the Department of Health and Human Services and other federal agencies. His clients have included major manufacturing and services corporations, international businesses, financial services companies, pharmaceutical companies, trade associations, and prominent individuals. Mr. Smith has worked with the Litigation Department to review issues and prepare witnesses with respect to the Congressional investigation of Enron tax shelters, and energy issues. He has also recently worked on drafting new legislation on terrorism insurance, bioterrorism, and agriculture policy. Mr. Smith actively works on issues relating to anti-money laundering policy. He also advises multiple clients on compliance issues associated with the Foreign Corrupt Practices Act and on compliance and disclosure issues connected with U.S. trade embargoes. Additionally, he advises Japanese auto manufacturers and the Government of Japan on negotiations on auto trade issues connected to the U.S.-Japan Auto Trade Negotiations, and works with other foreign governments and trade associations regarding trade negotiations and legislation.

Organization Position Status
Willkie Farr & Gallagher Llp Special Counsel Current
Enron Corp. Current
Federal Trade Commission Administrative Former

Stanley P. Hanks, Chairman and Chief Executive Officer Mr. Hanks is responsible for overall corporate strategy, business execution, and operations. Mr. Hanks brings to NewCross extensive experience in the areas of executive and general management in the telecommunications arena. Mr. Hanks also serves as Chief Telecom Strategist for Columbia Ventures Corporation. Prior to joining CVC in 2003, Mr. Hanks had been a consultant to top tier venture capital organizations and their portfolio companies. A serial entrepreneur, Mr. Hanks has 25 years of experience as an executive in Internet and telecom startup efforts, including Enron Broadband, Genuity, and MFS Datanet. Mr. Hanks has multiple degrees in computer science from Rice University.

Organization Position Status
Newcross Technologies, Inc Stanley P. Hanks, Chairman and Chief Executive Officer Current
Columbia Ventures Corporation Chief Telecom Strategist Current
Enron Corp. Current
Columbia Ventures Corporation - Executive Current
Pacwest, Inc Board of Directors Current
Rice University Degrees In Computer Science Former

Tim comes to 3 Phases Energy from GE Wind Energy, where he was a member of GE's Renewable Energy Leadership Program, spending four years in Business Development, Strategic Marketing, and Commercial Operations in Tehachapi, CA and Amsterdam. His most recent position was as Six Sigma Black Belt with GE Power Generation's Economic Analysis and Pricing Team that established pricing for the sale of over 1500 MW of wind turbines in 2005. Derrick has also held roles at Enron Wind, Dell Computer, and as a management consultant. Prior to working in business, Tim served eight years as a U.S. Army Officer and coached with the U.S. Olympic Biathlon Team. A native of upstate New York, Tim holds an undergraduate degree in History and Environmental Studies from Dartmouth College, and an MBA in General Management from the University of Michigan, Ross School of Business.

Organization Position Status
Enron Corp. Current
3 Phases Energy Services LLC Current
U.S. Army Officer Former
University of Michigan Mba In General Management Former
Dartmouth College Undergraduate Degree In History and Environmental Studies Former

Vicki Sharif brings with her 20+ years of experience in internal and external consulting serving as a high-level strategist and advisor to both early stage ventures and Fortune 1000 s. Further, Sharif has built and managed new enterprises from concept. As a senior corporate executive she has served in a marketing and business development capacity that included brand marketing, partnership/relationship marketing, new product development, and new business development (subsidiaries, mini SBU s). Additionally, she has an emphasis in strategy particularly as it relates to growth strategy design and implementation. Most recently, Sharif served as President and CEO of Stratatac International, an applied strategies and tactics consulting firm. Sharif possesses experience as a corporate executive and consultant in a wide variety of industries, including energy, telecommunications, venture capital, technology, retail, professional services, furnishings, financial services, and healthcare with companies such as Enron, Texaco, SCE&G, Electric Lite, OmniCall, Latin Net, BuildersFirst.com, designonlineinc.com, and RCA. A proven entrepreneur, Sharif personally founded and operated seven start-up ventures. She holds an MBA and an MA in Economics (ABT) and has completed coursework for a PhD.

Organization Position Status
Just Right, Inc. President, CEO Former
Texaco Current

Organization Position Status
Enron Corp. Board of Directors Current

Organization Position Status
Enron Corp. Board of Directors Current

Organization Position Status
Gestalt, LLC Current
Portland General Electric Co. Chairman Current
Ontario Power Generation, Inc. Board of Directors Current
Silver Spring Networks, Inc. Board of Directors Current
Enron Corp. Board of Directors Current
Exelon Corporation CEO Former
PECO Energy Company CEO Former
PECO Energy Company President Former
PECO Energy Company Executive Vice President Former
New York Power Authority, Inc. Former
PECO Energy Company Chairman Former
Exelon Corporation Chairman Former
Drexel University Doctor of Science Former
United States Naval Academy B.S. in 1962 Former

Organization Position Status
Enron Corp. Board of Directors Current

Organization Position Status
Blackhill Partners LLC Managing Director Current
Blackhill Partners LLC Partner Current
Ngp Capital Resources Co Chairman Current
Ngp Capital Resources Co Board of Directors Current
Enron Corp. Director Current
Falcon Drilling Director Former
Harvard University M.B.A. Degree Former
Yale University B.A. Degree In Economics Former

Organization Position Status
Enron Corp. Board of Directors Current

Organization Position Status
Catalytica Energy Systems, Inc. Current
Enron Corp. Board of Directors Current
The Center for Public Integrity Board of Directors Current
Enron Corp. Vice Chairman of the Board of Directors Former
Virginia Polytechnic Institute and State University B.S. in engineering Former

Organization Position Status
Enron Corp. Board of Directors Current

John Wakeham, Baron Wakeham, PC (born 1932), is a businessman and British Conservative politician. He was a successful accountant and later businessman before his election to the House of Commons in 1974. He became a minister after Margaret Thatcher's landslide in 1979. His first wife, Roberta, was killed in the Brighton hotel bombing and he himself was trapped in rubble for seven hours. During the late eighties he served as Leader of the House of Commons, in which capacity he was responsible for the first televisings of Parliament, and as Energy Secretary (1989-1992), where he drew up plans for the privatisation of electricity. He was appointed a life peer in 1992 by John Major, and then was Leader of the House of Lords until 1994. He became chairman of the Press Complaints Commission in 1995, retiring in 2001. Tony Blair appointed him in 1999 to head a Royal Commission on reform of the House of Lords - the result report suggested a mainly appointed Lords be maintained, with a small elected component. Since he left government, he has been active in business again, notably being a director of Enron before its collapse.

Organization Position Status
Enron Corp. Director Current
Energy Limited Secretary Former

Organization Position Status
Enron Corp. Board of Directors Current

Organization Position Status
Enron Corp. Board of Directors Current

Organization Position Status
Enron Corp. Board of Directors Current

Organization Position Status
Enron Corp. Vice Chairman Current

Organization Position Status
Enron Corp. Board of Directors Current

Organization Position Status
Enron Corp. Board of Directors Current
advertisement
advertisement