Silicon Investor (SI) -- The First Internet Community

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.

Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (21)	1/10/2002 2:27:29 PM
From: Karen Lawrence	Read Replies (3) \| Respond to of 5185

It's rather skewed that the options restrictions applied only to the workers while the execs were not bound to any. How does that happen? Obviously no one complained while Enron stock was rising. Cheney claims the last time he met with Lay was October 10. Interestingly, the Enron stock death spiral began on or about that time. When it became evident the stock was becoming worthless, Arthur Andersen suddenly announced they were changing their accounting practices and in so doing discovered that Enron's might be guilty of illegal activities. I think Cheney, Andersen, et al, thought the Enron mess would be lost among all the other companies experiencing problems. Maybe they thought the incentive corporate welfare package would pass and somehow save Enron. It looks to me as though everyone knew about the impending disaster and exposure to public scrutiny, so they scurried like rats to bail from that sinking ship. It didn't work. Hopefully justice prevails. Maybe Cheney will go the way of Spiro Agnew when all is revealed. This is all JMO, based on speculative conclusions from what I've been reading, of course.