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Non-Tech : The ENRON Scandal

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To: Mephisto who started this subject1/15/2002 10:51:14 PM
From: TigerPaw  Read Replies (1) of 5185
 
This meeting captures the moment that Enron's goose was cooked.
sfgate.com

The source said the timing and tone of the meeting suggested Lay is concerned that California will abandon its disastrous experiment with power markets by either re-regulating the system or creating a government authority to provide electricity. Gov. Gray Davis signed legislation last week to create and fund a state power authority that would build, buy and run power plants in California.

This is when Gray Davis refused to put up with power blackmail anymore. Without blackmail, corruption, and the power of his good friend Junior George behind him, Lay did not have a business plan!
TP
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