Greg_Groogan's Blog

I would leave that up to the people who they directly hurt. I think for them it may take longer. I certainly wouldn't be proud of wearing an Enron or Arthur Andersen shirt. Not everyone at Arthur Andersen was guilty though, just as not everyone employed by Enron was guilty. But as a former employee I wouldn't be wearing the shirt unless I was looking for a reaction.

Before Enron's collapse, I visited with a former Enron president who lived in my area and he was telling me he had been eased out of the company, pushed into retirement. He said he didn't like the new atmosphere and ethics that had taken hold at the company.

At the time, I did not realize what was happening at Enron.

From all my dealings wih Ken Lay, I'd always thought of him as a honest businessman who sometimes trusted his subordinates too much. He was always optimistic about things. Being little suspicious probably wouldn't have hurt him. The company might have avoided all its legal troubles if he had asked more questions and been less trusting of Jeff Skilling and Andrew Fastow, especially Skilling's wild idea of booking revenues before they were earned. What a mistake.

Skilling was abler to get the company's lawyers to sign off on that idea on revenues. Lay should have insisted on an opinion from an outside law firm.

Greg,

Enron was a huge client for Vinson & Elkins. V&E has many powerful friends in high places. Anyone who ever thinks of taking on V&E had better have their legal ammution ready, or they'll be gunned down.

and congrats on the big Casey something awardfor the series on physical/mental disadvantaged kids in local public schools. Sounded huge when I read about it; like our own Greg is in the company of McNiel-Lehrer, etc.
Anyway, I was impressed and that's why I came over to your blog in the first place and got exercised all over again by the Enron fiasco.