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Most of the evil of the world comes about not out of evil motives, but somebody saying 'get with the program, be a team player;' this is what we saw at Enron, this is what we saw in the Nixon administration with their scandal.
During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.
Ken Lay, the disgraced former chairman of Enron, found a way to escape his legal problems: He died after being convicted of fraud and conspiracy charges.
You don't want another Enron? Here's your law: If a company, can't explain, in one sentence, what it does... it's illegal.
The subculture of felons is in great vogue among adolescents. Enron, WorldCom, Tyco, and so forth allow us Republicans to say to America's young people, 'We be thugs.' The GOP may capture the youth vote at last.
P. J. O'Rourke
At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.
I happen to represent Enron here in Houston. We have many good corporate citizens here in Houston. Enron happened to have been one.
Sheila Jackson Lee
Enron and 9/11 marked the end of an era of individual freedom and the beginning of personal responsibility.
Jeffrey R. Immelt
I'm a good learner. I can dig in. I knew nothing about mark-to-market accounting when I started the 'Enron' film.
I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal.
People are treating the Stewart case as seriously as Enron when it's really over trivia.
I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.
We will not rest until the wooden stake is punched through the heart of the Enron lawsuit against us.
Ken Lay has, does and will continue to accept responsibility for the fall of Enron. He was the man at the controls. But failure is not a crime.
If it were not for government regulation of big corporations, executives at companies like Enron, WorldCom, Tyco, they could have cheated investors out of millions.
P. J. O'Rourke
Are you familiar with 9/11? Building 7? You know what was in there? All the Enron stuff. I guess that building went down on its own.
Pete Wilson deregulated energy as a pay out to Enron, and we blamed Gray Davis.
Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.
Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
Enron Field in Houston, the Trans World Dome in St. Louis and PSINet Stadium in Baltimore are just three of the modern-day coliseums named for companies that have found new homes in bankruptcy court.
Things that have happened with Enron and companies like that, where they've squandered their employees' pension funds, I think it has brought a new level of anxiety. People don't feel like they can trust their employer.
When Enron collapsed, through court processes, thousands and thousands of emails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.
By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.
The collapse of Enron was devastating to tens of thousands of people and shook the public's confidence in corporate America.
But the most important thing is, Enron did not cause the California crisis.
A. P. J. Abdul Kalam
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