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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Bruce Brown who wrote (50341)2/13/2002 5:14:40 PM
From: Uncle Frank  Read Replies (5) of 54805
 
>> It appears that many board members at Enron had no idea what was going on.

Their job was to know what was going on. They are paid to protect the interests of the corporation, its employees, and shareholders. Therefore, there are guilty, at the very least, of

NON FEASANCE - The non-performance of some act which ought to be performed.

Let's try to get this point across another way. We hire a babysitter who gets so engrossed in watching MTV that she doesn't keep an eye on our 2 year old. The kid sticks his finger in an electric socket and get toasted. This is very sad, and the babysitter feels terrible. We don't want to send her to jail, but we surely don't want to see her get another job babysitting for our nephew.

uf@egads.com
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