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

To: Baldur Fjvlnisson who wrote (4181)	7/1/2002 7:24:55 AM
From: Baldur Fjvlnisson	Respond to of 5185

Dead Peasant Policy: Washington Post Primer • Industry slang for insurance policies taken out by corporations on the lives of thousands of their rank-and-file employees, usually without workers' knowledge or consent. • An insurance product that allows corporations to earn tax-free investment income on money put aside for retiree health and pension benefits • According to articles in the Houston Chronicle and Wall Street Journal last week, a questionable gambit used by at least 100 large corporations to boost profits by taking advantage of the tax-shelter features of life insurance. • The source of an estimated $6 billion in lost tax revenue to the Treasury each year and the subject of several pending tax court cases. • A product actively marketed by the insurance industry as an "attractive, off-balance-sheet asset."

To: Baldur Fjvlnisson who wrote (4181)	7/2/2002 9:15:47 AM
From: Dorine Essey	Respond to of 5185

IN THE UNITED STATES TRICKLE-DOWN VICE By Matthew Miller Tribune Media Services It’s bad enough when CEOs, bishops, auditors and stock analysts turn out to be corrupt self-dealers trying to pad their purses, cover their rears or worse. But when the little guy starts playing the angles, it really shakes your faith. I’m talking about the stunning announcement by Oscar Criner, the foreman in the Arthur Andersen jury, that he planned to write a book on the case — a fact he unveiled at the very moment he and his colleagues dropped the guillotine on the firm. Other jurors complained their deliberations were needlessly drawn out because Criner was taking copious notes for his memoir the whole time. “We could’ve left three or four days earlier,” one juror told The New York Times, adding that even though they told Criner all the evidence would be publicly available, he continued to copy court exhibits by hand. “That was very, very frustrating.” rprogreso.com