Word: enronizing
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...TRADING PLACES How far did Enron go to misrepresent its business? According to the Wall Street Journal, Enron in 1998 asked 75 people, from secretaries to sales reps, to relocate to an otherwise barren trading floor and pretend to buy and sell energy contracts to impress visiting Wall Street analysts. As the analysts trooped through, the Enron employees, who had hurriedly outfitted their new work spaces with family photos and other personal items, conducted fake phone conversations and tried to appear busy. When the tour ended, former CEO Ken Lay reportedly returned to compliment the employees on their performance...
...Fall of Enron...
...Enron executives are hardly the first to be accused of messing with other people's money. A rogue trader at Allied Irish Banks landed in trouble last week for allegedly losing $750 million. Not all have seemed as colorful as NICHOLAS LEESON, who brought down Britain's prestigious Barings Bank with $1.4 billion in concealed losses...
These are painful times for Houston. Not only must it watch as former executives of Enron, the once celebrated hometown company, turn on one another, take the Fifth or claim memory loss before Congress, the city must also figure out how, after being so marked by Enron's presence, to cope after the disgrace. A guide to Enron's Houston...
...ENRON HEADQUARTERS There are fewer employees, but restaurants are still crowded. Its unfinished $339 million tower next door is in the process of being leased to other firms...