Enron and Andersen, Center
for Responsive Politics. Who gave what to whom, in gory detail.
President Bush, Center
for Responsive Politics. Which companies gave the most to Bush-Cheney? Among them are
Enron, Enron's accountant, and Enron's law firm.
Bush Campaign Hires Jets from Enron, Halliburton,
Reuters, 3 August 2002. During the 2000 presidential election recount, the Bush campaign hired corporate jets
from several large corporations, including Enron Corp. and Halliburton Co.
Federal Energy Regulatory Commission, official documents, including the 6 Decmeber 2000 "smoking gun" memo from Enron's lawyers that proves the Enron and others manipulated the California electricity market.
The Enron Saga, Enron Action Group.
Details of Enron's machinations in India.
Letter to Richard Cheney
from Representative Henry Waxman asking for more disclosure of Bush administration
actions regarding Eoron's planned plant in Dabhol.
NSC Aided Enron's Efforts,
Washington Post, 25 January 2002. The National Security Council acted as a concierge for
Kenneth Lay of Enron and the Indian national security advisor.
Gallup Poll ResultsUSA Today, 11 February 2002. USA Today/CNN/Gallup Poll on Enron.
Furnishings with An Enron Connection:
Linda Lay is opening a shop to sell the things that won't fit in the Lay's $7.1 million homestead (Washington Post).
The Truly Bizarre
Exploring a Deal to Offer Sex Videos,
New York Times, 17 January 2002. When its deal with Blockbuster was about to
fall through, Enron tried to make a deal with Penthouse.
Bird-Dog With Bite,
Washington Post, 29 January 2002. Guess who's auditing the White House books? Andersen!
Committee Corrspondence,
Senator Billy Tauzin (R-LA), 24 January 2002. In 2002, Tauzin, concerned about accounting, asks Lay for information about stock trades.
Accounting,
The New Republic, 31 January 2002. In 2000, Tauzin, concerned about his corporate donors,
pressures SEC chief Arthur Levitt to let accounting firms do what they want.
Biographies of Army Secretary White: now and
then.
It seems that the phrase "Enron Energy Services" no longer adds to a resume.
W's First Enron Connection,
The Nation, 4 March 2002. George Bush and Enron were involved in at least one oil
well partnership as early as 1987.
Schuler's Mission at Enron,
Jones Journal, Summer 2001. The ethics professor at the Jones School of Business at
Rice University spent his spring 2001 semester on sabbatical at Enron. We wonder what he learned:
he hasn't piped up so far.
Enron: the Movie,
The Guardian, 19 March 2002. At least four ventures to make an Enron movie are already off the ground.
Fastow Points Finger at Enron Officials,
Financial Times, 20 March 2002. When in doubt, blame the lawyers and accountants. They
work for you, so blame them!
Enron Note Exemplifies How Bush Keeps Things on the Q.T.,
Houston Chronicle, 23 April 2002. A recently released memo from 1997 about pushing for funding from the
Export-Import Bank reinforces just how averse Bush is to creating a permanent record of his politics.
New House Will be Sold by Fastow,
Houston Chronicle, 30 July 2002. Andrew Fastow will sell the new house he just had built, but he's staying in his home on Southampton Place, the namesake of one of Enron's more infamous partnerships.
Charities Weigh Tainted Donations,
Associated Press, 23 August 2002. Recipients of money from the Fastow Family Foundation now have to decide what to do with their tainted donations.
Court Freezes ex-Enron CFO's Accounts,
Associated Press, 23 August 2002. A member of Andrew Fastow's family tried to move millions of dollars out of one of his brokerage accounts.
Cronies in Arms,
New York Times, 17 September 2002. The more we learn about what Thomas White did at Enron, the more egregious is his post as Secretary of the Army.
Feds Want to See Enron Videotape,
News 2 Houston, 16 December 2002. A humorous videotape from a farewell party for former Enron president Rich Kinder eerily presages the accounting
shenanigans at Enron. And on the tape are George Bush, pere et fils.
Enron's Board May Have Had Role in Dealings,
New York Times, 19 January 2002. Enron's Board of Directors seems to have known everything
that management did. Bring on the lawsuits!
Enron Directors Backed Moving Debt off Books,
Washington Post, 31 January 2002. Enron's Board of Directors knew of and approved the transactions most
criticized by shareholders and Congress.
Accounting Alchemy,
Newshour with Jim Lehrer, 22 January 2002. How did Enron;s accounting work?
'99 Deal Failed After Scrutiny of Enron,
New York Times, 27 January 2002. A German utility called off a planned merger with
Enron because it deemed Enron's accounting to be too dodgy.
Andersen's Reputation in Shreds,
Los Angeles Times, 30 January 2002. Once the conscience of the accounting industry, Andersen now
exemplifies its dark side.
Bush and Andersen's Texas Two-Step,
The Nation, 30 January 2002. Andersen was involved when George W. Bush engaged in insider trading
in 1990.
Memo Says Andersen Sought, But Didn't Get, Crucial Data,
New York Times, 7 February 2002. Arthur Andersen auditors did not press Enron executives in 1998
for documents that would have drastically lowered Enron's 1997 earnings.
Break Up the Corporate Bean-Counters,
The Guardian, 25 March 2002. The Big Five accounting firms are far too cozy with the corporations that they audit.
Enron Exchange with Qwest Raises Questions,
San Francisco Chronicle, 29 March 2002. Enron and Quest agreed to swap fiber-optic network capacity and services at
exaggerated prices, in an effort to improve each company's financial picture.
Andersen Reneges, Won't Pay Baptist Foundation Settlement,
Arizona Republic, 29 March 2002. Anderson agreed to pay $217 million to investors duped by a financial scam
blessed by Anderson auditors; but now, Anderson's wholly-owned insurer is crying poor.
Obstruction Roots Deeper at Anderson, Says Former Partner
New York Times via Houston Chronicle, 21 April 2002. A former partner at Andersen claims that destruction of documents
related to Enron began earlier than prosecutors originally believed.
Bigger than Enron,
Frontline (PBS), June 2002. Accounting is at the heart of a trouble pervading the American stock markets.
Half-Baked Bean Counters,
The Observer, 7 July 2002. If you think American accounting is bad, see how bad it is in Britain.
Enron Masked Loans as Sales, Report Says,
Houston Chronicle, 22 September 2002. The bankruptcy examiner for Enron has described $1.4 billion in asset sales as thinly
disguised loans from a host of investment banks.
Enron Examiner Raises More Questions,
New York Times, 22 September 2002. Enron reported some transactions as asset sales on its financial statements,
but as loans on its tax returns. Naughty!
Everything Else
Officials Deny Knowing Enron Woes,
MSNBC.com. Top officials confirmed that they met several times with Enron executives,
but they never discussed anything that the public did not already know.
The Enron Chain Saw Massacre,
Forbes.com. It's not what we know that's scary, it's the unseen financial monster in the dark.
Enron: Now the IRS Joins the Hunt,
Business Week, 11 January 2002. The IRS is apparently investigating fraudulent
deductions on Enron tax returns.
Lay Gave More to Bush, Dallas Morning News, 12 January 2002. Despite
claims that Kenneth Lay supported Ann Richards in the 1994 Texas gubernatorial race,
he gave more money to her opponent, George W. Bush.
Price of Power,
London Observer, 13 January 2002. The White House is entwined deep in
the biggest bankruptcy in US history.
Who's Accountable?,
Time.com, 13 January 2002. Evidence was shredded and top executives fished for a bailout
as the company imploded.
Shaky Family Foundation,
Cursor.org. What happened to the Enron shares held by Kenneth Lay's private foundation?
If they got sold, it's insider trading. If not, then it could be tax fraud.
Enron Avoided Income Tax in 4 of 5 Years,
New York Times, 17 January 2002. Enron used foreign subsidiaries to shelter
most of its income and to collect almost $400 million in tax refunds.
Congress Probes Enron Exemption,
MSNBC.com, 21 January 2002. Congress is reviewing an SEC decision from 1993 that
exempted Enron from a great deal of regulation.
Enron Raised Funds in Private Offering,
Washington Post, 22 January 2002. Enron raised funds from private investors
in ways that created risk for its public shareholders. And its board approved this!
Enron Evasions, Slate.com, 23 January 2002.
Ari Fleischer teaches lessons in the art of spin.
In the Belly of the Enron Beast,
Salon.com, 25 January 2002. A former employee in Enron's London office recounts
the decline and fall.
Many May Be Surprised to Be Enron Investors,
New York Times, 25 January 2002. Enron sold limited partnership interests to
many mutual funds, planning to feed them information not available to Enron stockholders.
How to Be an Enron Millionaire,
Salon.com, 29 January 2002. Two Enron executives turned $6,000 into $1,000,000 in a matter of days
by ripping off the company's stockholders.
U. S. To Seek Control of Enron Plans,
Washington Post, 11 February 2002. The Department of Labor will try to replace the
administrators of Enron's 401(k) plans, apparently for breach of fiduciary duty.
Enron Chief Helped Pitch Partnership to State Fund,
San Jose Mercury-News, 11 February 2002. Jeffrey Skilling, personally helped sell at
least one of the partnerships that led to Enron's downfall. He testified to Congress about
his ignorance of those partnerships.
Asleep at the Switch?,
McNeil-Lehrer NewsHour, 19 February 2002. Why did the media take so long to focus on what
was rotten in the city of Houston?
DeLay Advisors Reaped Enron Windfall,
Roll Call, 25 February 2002. Eonron paid $750,000 to key advisors of Tom DeLay, the
House Majority Whip, to create an "astroturf"-roots campaign for energy deregulation.
Army Official Kept Options on Enron Stock Until January,
New York Times, 7 March 2002. Army Secretary Thomas White, contrary to promises to divest all of his Enron holdings,
kept options on 665,000 shares as well as an annuity until January 2002.
Enron Admits Spending $2.5M on Lobbying,
The Guardian, 8 March 2002. Enron triples its previous calculation of how much
it spent to lobby the Bush administration in 2001.
Ken Lay's Nest Egg,
Mother Jones, 21 February 2002. Ken Lay has millions of dollars invariable annuity contracts,
where they are safe from any lawsuit.
Enron: the CSFB Connection,
SmartMoney.com, 11 March 2002. The investment bank Credit Suisse First Boston had
a particularly good relationship with at least one of the Enron off-balance-sheet entities.
Enron: What Dick Cheney Knew,
The Nation, 15 April 2002. When Ken Lay needed someone to speak against caps on wholesale electric prices, or almost
any other kind of help, Dick Cheney was his man.
Special Grand Jury Zeroes In on Enron Executives,
New York Times, 1 April 2002. Presecutors are looking beyond Arthur Anderson to concentrate on Enron executives, including
current Army Secretary Thomas White.
What Was the Heart of Enron Keeps Shrinking,
New York Times, 6 April 2002. Enron's "book" of energy trades, supposedly a collection of assets worth many billions
of dollars, now appears to be worth much less than Enron's Energy trading, supposedly Enron
State GOP Sought Donations From Enron,
Los Angeles Times, 29 April 2002. Even as the State of California investigated price gouging by Enron and
other energy traders, the California Republican Party sought, and got, $50,000 in donations from the company.
Enron Forced Up California Energy Prices, Documents Show,
New York Times, 7 May 2002. Enron and other energy trading companies took advantage of a tight California electricity
market to constrict supply and reap huge profits. Knock us over with a feather.
White House Acknowledges More Contacts With Enron,
New York Times, 23 May 2002. The White House has finally admitted what everyone knew, that Enron officials were meeting
all the time with officials in the Bush administration.
White House-Enron Ties Detailed
Washington Post, 25 May 2002. As Enron Corp. slid toward a bankruptcy filing, top Bush adminsitration officials scrambled
to protect both financial markets and the adminsitration's reputation.
Anderson Trial Yields Evidence in Enron's Fall,
New York Times, 17 June 2002. An improper accounting decision that triggered Enron's fall was designed to personally help Andrew Fastow.
Enron's Ex-CFO Seeks Protection From Lawsuits,
Houston Chronicle, 21 June 2002. Andrew Fastow is the only Enron executive to seek protection from deposition in any criminal proceedings.
Panel: Banks Were in Bed with Enron,
CBS News, 22 July 2002. Citigroup and J.P. Morgan Chase actively abetted Enron's dodgy accounting, and Citigroup used its methods with other clients.
Bush Faces Storm over "Enron" Judge,
The Observer, 28 July 2002. A controversial choice for an appelate court is accused of favoring big business.
Merrill Replaced Research Analyst Who Upset Enron,
New York Times, 30 July 2002. Merrill Lynch replaced an analyst because when it downgraded Enron stock, Enron took its investment banking elsewhere.
Ex-Managers Say Sham Deal Helped Enron,
New York Times, 8 August 2002. Enron, Andersen, and Merrill Lynch concocted a scheme in late 1999 to inflate Enron's earnings through a sham transaction.
Shortly after the quarterly earnings were announced, Enron insiders sold in droves.
SEC Voices Concern on Merrill-Enron Tie,
New York Times, 10 August 2002. While the SEC has not made Merrill Lynch the subvject of an investigation, it is clearly interested in Merrill's dealings with Enron.
Agency to Probe Energy Firms,
Weshington Post, 14 August 2002. The FERC will investiaget price fixing by Enron and three other firms in 2000 and 2001.
Ex-Enron Workers Must Wait for Funds,
Houston Chronicle, 21 August 2002. Enron employees may wait for months or years to get any of the money stolen from their company by its executives.
Ex-Enron Executive Pleads Guilty,
BBC News, 21 August 2002. Michael Kopper has pleaded guilty to charges of money laundering and wire fraud.
He will repay $12 million of ill-gotten gains and aid prosecutors.
"Isn't It Disgusting?,
Houston Chronicle, 1 September 2002. The kickbacks and other shady tricks used by Enron's top financial executives have enraged ex-employees.
Cracking Down on White-Collar Crime,
The Economist, 13 September 2002. Federal prosecutors in Houston indicted three British bankers
of stealing over $7 million from an Enron partnership.
CEOs May Be Liable for Losses in 401(k)s,
USA Today, 29 September 2002. The federal Department of Labor has agreed with Enron employees than Ken Lay and other
Enron officials may be personally liable for money lost in Enron stock in the Enron 401(k) plan.
Secret Deal Part of Tangle in Enron Case,
New York Times, 1 October 2002. The securities fraud case against Andrew Fastow implicates Enron as a company
because it secretly backstopped Fastow's partnerships.
Prosecutors far from Finished,
USA Today, 2 October 2002. The charges against Andrew Fastow may well be precursors to charges against other Enron executives.
Feds Reveal 2 Enron Firms' Energy Scheme,
San Francisco Chronicle, 23 November 2002. Federal energy regulators have confirmed what Dick Chency denied all along.
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