Word: enronize
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...news media, it is "Enron whistle-blower" Sherron Watkins, even though Watkins never really blew a whistle. A whistle-blower would have written that letter to the Houston Chronicle, and long before August; Watkins wrote it to Ken Lay, and warned him of potential whistle-blowers lurking among them. (She quotes one of them as lamenting, "We're such a crooked company...
...After nearly a decade at Enron she was high up enough, or grumpy enough, to send the boss a pull-no-punches, put-it-on-record letter telling him - for a very detailed seven pages - that his company was more or less a Ponzi scheme, and it sounds like she knew she wasn't telling him anything he didn't already know. She was circumspect enough to do some networking across the fence at Arthur Andersen and put the same concerns to Andersen's Enron man, David Duncan, and two other partners...
...plenty pissed. "I am incredibly nervous that we will implode in a wave of accounting scandals," she wrote to Lay. "My 8 years of Enron work history will be worth nothing on my resume, the business world will consider the past successes as nothing but an elaborate accounting hoax." Accounting for the failed partnerships, she said, was "a bit like robbing the bank in one year and trying to pay it back 2 years later," and she just didn't think it could be done. "We are under too much scrutiny," she wrote, "and there are probably...
...Enron become a risky place to work? For those of us who didn't get rich over the last few years, can we afford to stay...
...Sherron Watkins still works for Enron, and she returned to the office Tuesday morning just as her memo, released anew and in full by congressional investigators, covered front pages across the country. Her lawyer says there were no retaliations by those colleagues still around these days; a source close to her, though, told the LA Times that Watkins was made to feel "an outcast." Her husband called her a "team player" and said he was proud...