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Non-Tech : The ENRON Scandal
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To: Mephisto who wrote (2888)2/16/2002 6:47:01 PM
From: Raymond Duray  Read Replies (1) of 5185
 
Mephisto,

The reason Sherron Watkins didn't go to the SEC was complex, but basically, her motivation was to make sure that Ken Lay wasn't completely asleep at the switch. She is no whistle-blower. She was only found out when Congressional staffers found a copy of her letter in mid-January in a 40 box collection of subpeonaed documents. She was, and is, a loyal Enron partisan.

Her defense of Lay on Thursday was completely incredible. She's covering for Kenny Boy. I'm not sure exactly why. Though I dare say, she probably knows who Cliff Baxter and Karen Silkwood are.

Re: I would like to know why Ms. Watkins didn't go the SEC with her information on Enron. I wonder if Congress asked her about it.

I do seem to recall that this topic was brought up in the committee meeting. From my recollection, she expressed the view that she felt that if only she could get through to Ken Lay, that he would take care of the concerns about an "accounting scandal". What truly baffles me is that once Lay betrayed Watkins by suppressing the aspects of an inquiry that would be useful in detecting fraud, Watkins still feels the Lay is A-ok. Such loyalty doesn't make sense to me. I guess that's why I'm not much of a candidate for corporate employment, eh? <g>

Ciao!
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