The Enron story

June 2, 2006 at 10:43 pm Leave a comment

I watched "Enron: The smartest guys in the room" tonight.  I have the same reaction now that I had when I read "Power Failure," the story of Sherron Watkins, who the blew the whistle. That reaction was shock, awe, and pure anger that so many people were affected by a handfull of greedy men. 

Despite the guilty verdicts handed down by the Houston jury, one has to wonder if the real victims, the employees and shareholders, who shouldered the burden of the losses, will ever see a dime in compensation. In the movie they interviewed a gas employee from Portland.  His 401k was at 300k at one point.  When he sold his shares, after the executives locked them out and sold there shares at a better price, he got a lousy $1200. 

Here is an article in Time where Sherron shares her thoughts.  There are some additional links there too. Does anyone know if she blogs anywhere?  It seems to me she would be a good source on a corporate culture blog.


Entry filed under: News and politics, rants.

Great reading: History of SF Earthquake Where is the right place to complain?

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