Word: modelied
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When he shared the news with me over the phone, I maintained my dignity, switched instantly into friend-mode, and told him he needed to pursue her. Never mind that as far as I know, she’s scheduled to have an arranged marriage. Or that I don’t believe he actually knows what love is; he’s a twenty-three-year-old male, my mother says, and that means he knows nothing. But during those first several days, no rationalization could make the pain go away. I just cried, and then played the same...
...Monday, when they filed the Q-10 [with the SEC] and it contained surprises. They weren't enough to kill the deal, but the fact was they were a surprise. On Tuesday and Wednesday, the stock lost over 50 percent. On Tuesday we were in panic mode. We were scrambling to get the answers to help Enron help themselves. Problem was, everybody was mad. They had just lost all confidence and credibility. This has been an integrity and credibility issue all along. That was a death blow we could not recover from. On Wednesday, we were in panic mode, through...
...were in panic mode," Watson told TIME. "We were renegotiating daily because every time I turned around their stock price was falling. It got to the point where there was hardly any equity left in the business. All I got was just 'trust us' from the bankers. They wanted me to go to the market and say okay, Dynegy is here to save 'em again. Maybe it's my Oklahoma upbringing but I'm not going to stand in front of people and say something I don't believe. I'm not going to put my credibility and my company...
...original merger documents and Watson thinks it was a rude surprise for Enron head Ken Lay and the Enron team as well as Dynegy and its 30-percent owner, Chevron. Enron, he says, had not envisioned all of the possibilities that could trip them up. Operating in "panic mode," Watson's team began trying to sort out the details of the100-page SEC filing the next day, on Nov. 20th, but with a sinking feeling. A week later, on Nov. 27th, after renegotiating the deal almost daily, Watson told his board that he thought the chances of succeeding with...
...shares in that windfarm yet. So far, the attacks seem only to have helped make dirty old petroleum even cheaper. Benchmark crude has fallen from $27 to $19 since Sept. 10. With the U.S. shocked into recession mode - into which it seemed to be heading in any case - and airlines cutting back dramatically on their jet-fuel consumption, world oil demand has taken its steepest drop since the early 1980s. What's more, the oil producers still can't get their act together. This month, opec decided to cut back production by 1.5 million barrels a day - but only...