Business Services Industry
Enron Whistleblower Reflects on What Happened.
Knight Ridder/Tribune Business News, January, 2003
By Therese Poletti, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News
Jan. 31--Sherron Watkins, the woman who blew the whistle on the accounting scandal at Enron, believes the best analogy for what happened with her bankrupt former employer is "The Emperor's New Clothes." It's something she thinks about when she reads the fairy tale to her 3-year-old.
Just as the courtiers convinced the emperor he was finely clad, Enron's accountants and top executives assured Ken Lay the company was on solid footing. "Arthur Andersen signed off on it. To say `Yes, Sherron was right' was to say that they had done nothing (to prevent the accounting fraud)," Watkins said in a speech Thursday evening at University of California's Haas School of...
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