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


To: Karen Lawrence who wrote (2845)2/15/2002 11:58:20 AM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 5185
 
Ms. Watkins was least convincing when asked why she hadn't taken her concerns about the company's accounting gimmicks, and possible fraud, to the Securities and Exchange Commission, the media or at least to other Enron board members. All she could say was that she did not want to hasten the demise of the corporation. In truth, Enron's only hope for survival was for someone like Ms. Watkins or Jeffrey McMahon, the treasurer who also worried about the company's accounting, to go public with their concerns as early as possible. That would have given this sordid tale a true whistle-blower.
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And Karen, besides all of that, as Sheeron testified under oath, she needed to exercise every single in they money stock option she had and dump EVERY SINGLE SHARE SHE OWNED prior to any other employee finding out about it.

I think this is stock fraud, isn't it?? But Karen what do you think?