Business Services Industry
Enron Executives Reassured Employees, Investors as Firm Spun Out of Control.
Knight Ridder/Tribune Business News, February, 2002
By Charlene Oldham, The Dallas Morning News Knight Ridder/Tribune Business News
Feb. 3--With that very public reassurance, Kenneth Lay predicted blue skies on the day that protege Jeffrey Skilling unexpectedly stepped down after a six-month stint as Enron Corp.'s chief executive.
But over the next few months, Enron's employees, investors and competitors were to get precious little honesty as the Houston-based energy trader spiraled toward the biggest U.S. bankruptcy ever.
At nearly every turn last fall and into winter, company officials were saying one thing to the world and doing something very different behind the scenes. A look at the executives' statements and their subsequent actions reveals a pattern of delays and disparities that...
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