Word: enronize
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Congress is going to fix our financial system if it takes forever. After a month of asking Enron executives what they knew and when they knew it - and getting more Fifth Amendment pleas than answers - Enron-obsessed lawmakers, particularly Democrats, are massing this week for an entire Enron-based 2002 legislative agenda. A chunk of the proceedings will be aimed at the big Wall Street firms (Citigroup, Merrill Lynch, Alliance Capital) that helped Enron get where it was before it collapsed under its own debt...
...really lucky many of the excesses of the earnings-driven, expectations-obsessed, stock-price-is-king investor culture of the last half-decade will be cleaned up by investors themselves. One plus of a stock-obsessed corporate world: It's self-policing. When investors find a suspiciously Enron-ish company, they just sell...
...BIKE TOUR Enron was a top fund raiser for this annual event, a ride from Houston to Austin, sponsored by the Multiple Sclerosis Society...
...ENRON BOYS & GIRLS CLUB The club, which offers after-school programs for youth, stopped getting payments from its sponsor in December. Local entrepreneur Michael Holthouse has stepped in with a pledge of $1 million over five years...
...Noted "At the end of the day, we do not cause companies to fail." JOSEPH BERARDINO, chairman of Arthur Andersen, at congressional hearings, defending his firm's role in the Enron collapse...