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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (5028)	11/14/2001 12:24:20 PM
From: John Pitera	Respond to of 33421

Michael, it goes beyond just the CEO accountability as Tim Lamb very aptly pointed out on the WWoS thread. Well it looks like the Dynergy deal is good for both sides. Current shareholders should benefit. From what I've read lately the following people / positions @ ENE should be fired for either knowing and helping in the fraud (this includes knowing and looking the other way) or for incompetence. 1) Chairman. Imagine releasing earnings and not mentioning the restatement. 2) CEO & President. Well we now know why he resigned. 3) CFO - we now know why he was forced out & assistants involved with the scheme. 4) Treasurer & top assistant(s). 5) Controller & top assistant(s). 7) Head of Internal Audit and top assistant(s). 8) Head of Taxes. 9) Audit Partner (@AA), senior manager and manager. I assume some other operational head is involved. This is the list is ENE stayed independent. Most of these positons will be eliminated in consolidation but watch Dnergy replace them. Tim Message 16644028 The senior management was creating additional nonexistent earnings for the past 4 years. John