A Quote by Sheila Jackson Lee
I happen to represent Enron here in Houston. We have many good corporate citizens here in Houston. Enron happened to have been one.
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The Houston Astros want to change the name of Enron Field where they play. I guess the Enron name could cause problems for them. Like players could steal a base and then deny it.
The CEO of Enron, Jeffrey Skilling, married one of the Enron secretaries this week. It's amazing how romantic these Enron guys can be when they realize that wives can't be forced to testify against their husbands. Skilling said today she was the best secretary Enron had ever had. She could shred 950 words a minute. ... I guess they are on their honeymoon right now. That's going pretty well. Hey, he's used to screwing Enron employees.
During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.
Enron Field in Houston, the Trans World Dome in St. Louis and PSINet Stadium in Baltimore are just three of the modern-day coliseums named for companies that have found new homes in bankruptcy court.
Over the weekend, former Enron executives Jeffrey Skilling and Rebecca Carter married each other during a huge ceremony in Houston. The happy couple is planning to honeymoon for three weeks in front of Congress.
Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
The not-quite-sort-of lie works here too - often an ad will announce that "Congressman Johnson voted for a bill that gave tax breaks to companies like Enron." True - although the bill allowed all companies to accelerate depreciation of copying machines. Yes, Enron benefited, but Enron also benefited from the revolution of the Earth around the sun. Hardly an argument to freeze the planet in one spot.
I remember when I did my Enron film, my executive producers at the time felt very strongly that I should mock the Enron executives more viciously because everybody wanted that moment.
The only beef Enron employees have with top management is that management did not inform employees of the collapse in time to allow them to get in on the swindle. If Enron executives had shouted, "Head for the hills!" the employees might have had time to sucker other Americans into buying wildly over-inflated Enron stock. Just because your boss is a criminal doesn't make you a hero.
With Houston, the H stands for 'hustle.' There's a billboard that says, 'Houston, hustle, heart, and home.' That encompasses Houston.
In the Enron scandal, whistleblower Sherron Watkins is now calling herself Enron Brokovitch. She testified Ken Lay was duped by the other executives. Oh, yeah. When is the last time you got duped and made $100 million?
So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things like Merrill's recapitalization of Sierra Pacific. I guess including "helping Enron achieve its earnings goals in 1999" might be a little awkward given that Merrill Lynch bankers are currently on trial in Houston for that "accomplishment."
Before the New York Times starts running "Portraits in Grief" of former Enron employees, it's worth remembering that even after the collapse, Enron stock is still worth more than the entire Social Security "trust fund."
Before Enron, I think people were a bit more naive about the way things worked, and I think Enron pulled the curtain back on unsavoury practices that turned out to be a lot more widespread.
Enron's president, Ken Lay, passed away last week. So, I guess even God lost money on that Enron deal. I believe the official cause of death was listed as "karma." The family asked in lieu of flowers, please send some elderly retiree's entire life savings.
Houston is undoubtedly my showcase city. I saved all my best buildings for Houston.
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