The ENRON Scandal Message Board

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Non-Tech : The ENRON Scandal

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To: TigerPaw who wrote (4468)	9/17/2002 11:52:35 AM
From: Mephisto	Read Replies (2) of 5185

[ Enron's Thomas White is now secretary of US Army] The following is an excerpt from: Cronies in Arms By PAUL KRUGMAN " When one top executive learned of millions in further losses, his e-mailed response summed up the whole strategy: "Close a bigger deal. Hide the loss before the 1Q." The strategy worked. Enron collapsed, but not before insiders made off with nearly $1 billion. The sender of that blunt e-mail sold $12 million in stocks just before they became worthless. And now he's secretary of the Army." nytimes.com SI reference: Message 17999783 >>>>>>>>>>>>>>>>> TP, I don't understand why Congress has not insisted upon White's removal. I've read in other stories that Enron's energy divison thatt White ran was a shell. It never made money. A long time ago, I read that when outsiders would visit Enron energy, Enron moved personnel into the area, complete with desks and computers, to make it look like Enron Energy employed people who actually worked. I believe a fellow called Pai was also connected with this unit. He made out like a bandit b4 Enron fell. Why isn't Congress doing anything?

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