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Non-Tech : The ENRON Scandal

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To: PartyTime who wrote (2519)2/6/2002 1:59:20 PM
From: Mephisto  Read Replies (1) of 5185
 
"Meanwhile, Lay's sister, Sharon, and a son,
Mark, profited from extensive business
dealings with Enron
over the years, The New York Times reported Saturday.

In 1997, Enron hired Mark Lay as an executive
with a three-year contract that guaranteed
him at least $1 million in salary over the period,
plus options to buy thousands of shares of
Enron stock.

Enron also relied on Alliance Worldwide,
a Houston travel agency co-owned by Sharon
Lay. The firm has booked more than $10 million
in revenue from Enron - more than half of
the firm's business, the Times said.

Lay has been President Bush's biggest
campaign benefactor over the years and enjoyed
top-shelf access in Washington.
Bush, who called Lay ''Kenny Boy'' when the two were
up-and-comers in Texas, has sought to
distance himself from the building financial
scandal."

Ex-Enron Chief to Face Congressional Panel
Enron Partnerships Come Under Scrutiny

By MARCY GORDON
The Associated Press

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We've heard about most of it PartyTime. Thanks!
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