Don't Blame Me, I Voted For Kerry Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Don't Blame Me, I Voted For Kerry

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ChinuSFO who wrote (5239)	3/14/2004 10:17:23 AM
From: Glenn Petersen	Read Replies (1) of 81568

...the crooked E's as we call them all got their start for their crookery during the transition. Chinu, I would suggest that you pick up and read a copy of "Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron." amazon.com The Special Purpose Entites that constituted the core of the Enron fraud were set up during the 90's. They got caught not because of what Bush did but because of what the employees did when they discovered they lost all their retirement and life long earnings. The collateral for the entities consisted primarily of Enron stock. When Enron's stock started to tank during the spring and early summer of 2001, the SPE's started to unravel. They got caught because the pyramid started to tumble, not because the employees finally discovered that they were working for a company that had been shored up by creative and fraudulent accounting. ...while Ken Lay still remains scott free. Message 19867525 Under Ms. Caldwell, the task force brought charges against 29 defendants, including 20 former Enron executives. Nine defendants have pleaded guilty or been convicted by a jury, including Andrew S. Fastow, the former chief financial officer; Ben F. Glisan Jr., the former treasurer; and David Delainey, the former chief executive of two Enron divisions. Ken Lay is the only one left standing and that will change. With the assistance of Fastow, the feds probably have a decent shot at Lay. Skilling's assistance would help but I do not expect him to cooperate until it is time for his sentencing hearing. Why is a successful business woman already indicted. She did not take anybody's retirement? Her arrogant and illegal behavior has destroyed hundreds of millions of dollars of value both at her own company and at Kmart. Are you suggesting that we have a double standard for "successful" executives? The speed with which Martha was dealt with had more to do with the fact that the charges against her were relatively simple. The Enron fraud was very complex. Martha could have settled this early and got a slap on the wrist. She thought that her celebrity status would get her off. Now, Kozlowski did not throw that lavish party for his wife during the Clinton years. He did so during the Bush years in 2001. Did Bush attend the party? No. While certainly entertaining as an example of Kozlowski's bad behavior, that $2 million party was a relatively minor part of the case that has been brought against Kozlowski. Parties like that were a weekly event during the Internet bubble. Did Clinton attend any of them? Doubtful?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next