Enron Tax Evasion
February 14, 2003 1:24 PM Subscribe
Three-Volume report on Enron released today Among the findings: "Enron paid zero federal income taxes from 1996 to 1999, despite reporting $2.3 billion in net income during the period" (from the linked article); executives took "1.4 billion" in compensation packages (SFGate has a piece on that.); and myriad details about the complicated machinations involved to pull this off (Mercury News). I am among the outraged though, frankly, I feel like they were just taking advantage of the system as it is was in place. If the economy hadn't tanked, this stuff might never have come out.
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