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

To: Raymond Duray who wrote (2940)	3/2/2004 11:43:13 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3602

I am willing to take her at her word. She had a burn out position and I doubt that her work week has been less than 70 hours since she took the job. Except for Lay, most of the heavy lifting has already been done. Weissmann looks like he is the appropriate replacement: Mr. Weissmann, the new director of the task force, was intimately involved in most aspects of the task force's work. He was the lead trial lawyer in the prosecution of the Arthur Andersen accounting firm on a charge of obstruction of justice related to its destruction of Enron documents. He also led the investigation of Mr. Fastow and Mr. Glisan. Indeed, colleagues have described Mr. Weissmann as the driving force behind a series of charges and settlements related to a 1999 transaction involving what the government says was a bogus sale of a Nigerian power barge to Merrill Lynch & Company. That transaction, which Enron used to report higher earnings that year, has led to the indictment of six executives from Enron and Merrill Lynch. Mr. Weissmann was the lead negotiator in a settlement with Merrill, which resulted in the installation of a Justice Department monitor to oversee a series of sweeping changes at the firm.

To: Raymond Duray who wrote (2940)	3/2/2004 11:51:10 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3602

Scrushy is just begging to be put away. Even though I was never a HealthSouth shareholder, I am going out for a beer the day he enters the pen. latimes.com HealthSouth Ex-CEO Launches TV Show From Reuters Former HealthSouth Corp. Chief Executive Richard Scrushy, who is awaiting trial as the accused mastermind of a $2.7-billion accounting fraud, Monday began hosting a local morning TV show that he used to paint the media as the devil incarnate. Using a folksy manner and repeated biblical references, Scrushy compared the media to "old Satan sneaking in the back door" and said he hoped to use the medium to deliver what he called truth "without negative media spin." Scrushy bought the daily half-hour time slot for 12 months — a period that goes well beyond the scheduled August start of his own criminal trial, according to the general manager of local independent Birmingham, Ala., station WTTO. "It's just like Ron Popeil's pocket fisherman," said Scott Campbell, comparing the Scrushy show to infomercials often used to sell gadgets. "We take it as paid programming." The show, with Scrushy's wife, Leslie, as co-host, appeared to at least one interested attorney to be a blatant attempt to influence the potential jury pool in this Bible Belt town. "It seems fairly transparent in terms of trying to sway a jury," said Doug Jones, who is representing stockholders in a civil suit against HealthSouth Scrushy has pleaded not guilty to 85 criminal counts in the massive accounting fraud at the operator of rehabilitation hospitals and surgical centers he founded. Fifteen former HealthSouth executives have pleaded guilty to various fraud charges and may testify against Scrushy. "Richard has been victimized ever since the story started by inaccurate press reports," said Charlie Russell, a media consultant to Donald Watkins, one of Scrushy's lawyers. "Richard was looking for a consistent vehicle to present his point of view on some issues related to him personally."