"It also appears that Enron Management structured some transactions to avoid disclosure...That impulse to avoid public exposure, coupled with the significance of the transactions for Enron's income statements and balance sheets, should have raised red flags for Senior Managment, as well as for Enron's outside auditors and lawyers. Unfortunately, it apparently did not."
"Nevertheless, the in-house and outside lawyers should have been familiar with the securities law disclosure requirements and should have exercised independent judgment about the appropriateness of the Company's statements." -- Powers Report.
Excellent post, sheauga.
But didn't you know you're supposed to post another link in your front page post or in here detailing, say, the tax dollars that Enron paid into the economy that provides food for the homeless, in order to "balance" the post?
erm. UIC != University of Chicago posted by osquigle at 3:45 AM on September 18, 2002
yeah I know osquigle said it already, but being an alumn of University of Chicago, UIC IS NOT UNIVERSITY OF CHICAGO!!, UIC would be University of Illinois at Chicago, and would be where UofC people sneer towards (when they're not sneering towards NorthWestern) posted by LuxFX at 6:45 AM on September 18, 2002
Thanks for the correction ... posted by sheauga at 9:08 AM on September 18, 2002
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"It also appears that Enron Management structured some transactions to avoid disclosure...That impulse to avoid public exposure, coupled with the significance of the transactions for Enron's income statements and balance sheets, should have raised red flags for Senior Managment, as well as for Enron's outside auditors and lawyers. Unfortunately, it apparently did not."
"Nevertheless, the in-house and outside lawyers should have been familiar with the securities law disclosure requirements and should have exercised independent judgment about the appropriateness of the Company's statements." -- Powers Report.
Excellent post, sheauga.
But didn't you know you're supposed to post another link in your front page post or in here detailing, say, the tax dollars that Enron paid into the economy that provides food for the homeless, in order to "balance" the post?
~wink~
posted by fold_and_mutilate at 2:26 AM on September 18, 2002