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Enron Corp. is in the Energy Industry
Latest News and Analysis
After Enron climax, US rethinks law on corporate scandals
WASHINGTON AFP — After the dramatic convictions in the Enron fraud trial, analysts expect fresh scrutiny of the law, inspired by one of corporate America's worst scandals, toughening standards for business leaders. The guilty verdicts in the Texas trial of former Enron chief executives Kenneth Lay and Jeffrey Skilling...
Lay, Skilling found guilty by Enron fraud jury
HOUSTON, United States AFP — A jury on found former Enron chief executives Kenneth Lay and Jeffrey Skilling guilty of fraud and conspiracy over the spectacular 2001 meltdown of the energy giant. The verdicts were the culmination of a high-profile 108-day trial in which prosecutors accused Enron's top executives...
Lay, Skilling face long jail terms after Enron conviction
HOUSTON, United States AFP — A US jury convicted former Enron chiefs Kenneth Lay and Jeffrey Skilling of fraud and conspiracy in the collapse of the energy giant, leaving the pair liable to long prison sentences. The verdicts at the end of a 108-day trial brought to an end...
US vows vigorous pursuit of corporate cheats after Enron verdicts
WASHINGTON AFP — The US government said it would hunt down corporate cheats as vigorously as street criminals after Enron's former chief executives were found guilty of fraud and conspiracy. Deputy Attorney General Paul McNulty said the convictions in Houston of Kenneth Lay and Jeffrey Skilling showed that "no...
Enron's Lay, Skilling avow innocence despite guilty verdict
HOUSTON, United States AFP — Enron founder Kenneth Lay and former chief executive office Jeffrey Skilling avowed their innocence despite a jury's guilty verdict in their fraud and conspiracy trial. "I firmly believe I'm innocent of the charges against me as I have said from day one," Lay told...
Dean on Enron Verdicts
WASHINGTON, May 25 /U.S. Newswire/ -- Democratic National Committee Chairman Howard Dean issued the following statement after the guilty verdicts of Ken Lay and Jeffrey Skilling for their involvement in the Enron scandal (Part 2 of 2): WASHINGTON, May 25 /U.S. Newswire/ -- Democratic National Committee Chairman Howard Dean issued...
Dean on Enron Verdicts
WASHINGTON, May 25 /U.S. Newswire/ -- Democratic National Committee Chairman Howard Dean issued the following statement after the guilty verdicts of Ken Lay and Jeffrey Skilling for their involvement in the Enron scandal (Part 1 of 2): WASHINGTON, May 25 /U.S. Newswire/ -- Democratic National Committee Chairman Howard Dean issued...
Statement From the Center for Corporate Policy in Response to Today's Verdict in the Enron Trial
WASHINGTON, May 25 /U.S. Newswire/ -- The Center for Corporate Policy released the following statement in response to today's verdict in the Enron trial: WASHINGTON, May 25 /U.S. Newswire/ -- The Center for Corporate Policy released the following statement in response to today's verdict in the Enron trial:
Jury finds 5 of 6 guilty in Enron barge scheme.
Houston Chronicle Knight Ridder/Tribune Business News Nov. 4--A former Enron finance executive and four ex-Merrill Lynch bankers were found guilty of conspiracy and fraud Wednesday while a co-defendant, an ex-Enron accountant, walked onto the sunlit sidewalk in front of the federal...
Andersen Puts Forth Its Case in Austin, Texas.
By Mary Flood, Houston Chronicle Knight Ridder/Tribune Business News Oct. 10--AUSTIN, Texas--Judges' questions in the Arthur Andersen oral argument here Thursday indicated the court may have serious questions about whether to overturn the company's obstruction of justice conviction. ...
Lies, corruption, and document destruction
Never before in the history of American business has a global corporation been destroyed by acts directly related to document retention and destruction Many people labor under the misapprehension that, unless and until they receive a subpoena, they can destroy documents with impunity. tim suppositions are legally invalid. When trouble...
Hollow victory/ Andersen verdict could backfire on the public at
In the end, a guilty verdict in a Houston federal court against the accounting firm Arthur Andersen was more whimper than bang, and disappointing on several fronts. As former Council of Economic Advisers chairman and now chairman of the Washington, D.C.-based Cato Institute William Niskanen put it, the...
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...
Powers separation case may yield a blockbuster high court ruling
A dispute one appellate judge called the most important separation-of-powers case involving presidential appointment and removal authority in 20 years could reach the U.S. Supreme Court toward the end of the justices' current term. Whether this term or next, says an Oklahoma law professor, it could supply...
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Enron Corp. Company Info
NAICS Code
Pipeline Transportation of Natural Gas: 486210
