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.

Advertisements

Entry filed under: News and politics, rants.

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Feeds

Quote

"Don't go around saying the world owes you a living. The world owes you nothing. It was here first." Mark Twain

Quote 2

From Marine Corps Chaplain Father Dennis O'Brien: "It is the soldier, not the poet who has given us freedom of speech. It is the soldier, not the reporter who has given us freedom of the press. It is the soldier, not the campus organizer who has given us the freedom to demonstrate. And it is the soldier who salutes the flag, who serves beneath the flag, and whose coffin is draped by the flag, who gives the protester the right to burn the flag." found on: www.robreider.com

Indianapolis Bloggers


%d bloggers like this: