SI
SI
discoversearch

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 : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?


To: Don Hurst who wrote (8338)12/7/2001 4:24:06 PM
From: jttmab  Read Replies (1) | Respond to of 93284
 
How about a former Enron exec as US Trade Representative? The US might be developing a new trade strategy. This could be one of the reasons the White House wants fast track trade authority. <LOL>

...Adding another dimension to the debacle is the intimate relationship between Enron and the White House. Enron, which for years has tried to ride roughshod over state and federal regulators, has ties throughout the Bush administration. For starters, Enron and its chairman, Kenneth Lay, were among George W. Bush's biggest and most important contributors in his Texas and presidential campaigns. And according to public records, Bush intimates ranging from economic adviser Larry Lindsay to political adviser Karl Rove (who owned $100,000 to $250,000 of Enron stock) to Trade Representative Robert B. Zoellick had been on Enron's payroll before moving to Washington. Army Secretary Thomas White Jr., a former Enron executive, had stock and options worth between $50 million and $100 million.

washingtonpost.com

jttmab



To: Don Hurst who wrote (8338)12/7/2001 4:33:26 PM
From: jttmab  Respond to of 93284
 
This while the employees were restricted from selling Enron shares from their 401ks.

Good news Don...Enron now allows their employees to sell Enron stock ... as of Friday.

"...Even though Enron shareholders have been essentially wiped out, Lay isn't going to the poorhouse. Unlike Enron employees whose retirement accounts have been vaporized because they consisted largely of Enron stock the company wouldn't let them sell, Lay has plenty of wealth left. Last year alone, he made $123 million of profit on stock options, according to Enron filings. This year he has made an additional $25 million or so. Note: on Friday, with its stock at around 30 cents, Enron changed its policy and allowed employees to sell it."

washingtonpost.com

jttmab