Word: panic
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Dates: during 2000-2009
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...closet hit us on 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...
...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...
...week's end, Washington appears to have heard the panic signals. "Powell Reassures Arabs No Iraq," read a headline in Friday's Jordan Times. "After a meeting with Egyptian Foreign Minister Ahmed Maher? (Secretary of State Colin) Powell said he understood and was taking into consideration Arab objections to US military action against Iraq. 'For now, this is nothing for us to disagree on,' Powell said." Still, even that "for now" qualifier has Arab leaders fearing a destabilizing domestic backlash...
...worst might almost be over already. Our success in Afghanistan has boosted American morale, and consumer demand for new technology might very well be the impetus to push us out of the red again. But there is another reason why we shouldn’t be in a panic that it’s Nov. 29 already and we still haven’t secured a job for ourselves. In truth, we should only realize our luck at being relatively carefree, unrestrained 22-year olds stepping out into the working world for the first time. Hardly any of us have...