Enron Seeking $29 Million in
Bonuses
The crash of Houston-based Enron stunned the city and the world. Almost
5,000 employees released. Thousands of retirement plans wiped out.
Enron's demise wasn't due to business factors like competition, a
shrinking market or a lagging economy. It was due to deceitful, and
perhaps illegal, games played by executives: diverting funds into secret
partnerships, “cooking the books” to keep deals secret, lying to
employees about Enron’s financial health, while selling their own stock
to make sure they wouldn't be hurt when the company folded. Nearly the
whole time, the energy giant was the subject of glowing coverage from the
mainstream media, which turned company press releases into near
celebrations of capitalism and corporate greed. As the city begins to
pick up the pieces, the Houston Independent Media Center presents ongoing
coverage of one of the biggest corporate schemes in history.
News & Commentary:
Enron Scandal Points to Bush | “Can't Anybody Here Play This Game?” by Molly Ivins | Ken Lay's Nest Egg | “Meritocracy or Plutocracy?” by Nathaniel J. Graham | Enron’s Operations In Argentina | Human Rights Watch on Enron | “Enron, We Hardly Knew Ye” by Greg Guma | Energy Industry's Dirty Little Details About to Come to Light | Enron enjoyed plenty of favorable media coverage prior to collapse
http://houston.indymedia.org/
