Tag Archives: enron

In the news today…

At work today, I happened to catch the news and there where a few things I thought worth commenting on.

Bush and Blair on the war in Iraq. I want to believe, and I do to some degree, that the statements Bush shared in a press conference yesterday were sincere. Bush acknowledge regret for saying things like “Wanted, Dead or Alive,” and “Bring it on.” He also acknowledge the setback and wrongdoing that occurred at Abu Gharib. I saw a couple of clips of Bush speaking and he definitely seemed candid and sincere.
This seems to be a different Bush then the steadfast and unwavering Bush of the last six years. Yet, I can’t help but think what has caused this change in Bush’s attitude. You might know that the polls show Bush losing support, and any politician knows they need to do something about that. So, Bush needed to do something about that, and maybe that meant putting on a regretful face for the camera.
What do you think? Was Bush’s regret sincere or just a political ploy to garner some more supporters?

Enron Verdict. I wrote about watching the documentary, Enron: The Smartest Guys in the Room, not too long ago. Yesterday the verdict was reached convicting Kenneth Lay and Jeff Skilling of multiple accounts of Fraud and more. They could each face life in prison for what they’ve done. I heard someone make a statement about how this shows that we treat Corporate Fraud by CEO’s as severely and seriously as street criminals. Ironically, both Lay and Skilling are still roaming free today on $5 million bond. Thousands of Enron employees lost their pensions, or should I say had their pension’s stolen by Lay and Skilling. Does anyone else find it wrong that these guys can be roaming around on $5 million of money they are guilty of stealing?

Teacher and student. The Today Show interviewed the now married teacher and student whose affair started when the student was just 13 years old and the teacher 34. The interview was not negative, it was sincere, and came across kind and positive. I can’t help but think this sort of thing would never have happened if the teacher had been a male. And before you misunderstand me, I believe that in both situations the wrong doing should be taken more seriously. I fear this is one of those situations where the stereotype of males being the more powerful and dominating, as well as sex hungry, diminishes the wrong doing that was committed in this situation.

Enron: The Smartest guys in the Room

enronI watched this movie last Tuesday. It’s a documentary about the Enron downfall. It’s very informative for someone who didn’t know a lot of the details of what Enron was and did. From my perspective the movie did not take any sort of slanted bias in any direction. They did seem to make the governer of California (previous to Arnold), Gray Davis, look like a victim of the corruption of Enron, you can decide if that’s biased or not. Now for my commentary.
It’s not very often in life we see big examples of the negative consequences of not following basic values. Our world seems to teach our children, “don’t lie, cheat, or steal… but if you can do it secretly and get away with it, then go for it.” I spend my days trying to teach high school kids that living by virtues like honesty and respect is in the best interest of ourselves and our world. Yet, everyday there are a thousand situations like the Enron scandal where people get away with it. They go on to live lavish and enjoyable lives while others our cheated out of their mere survival needs.
In the movie you see a guy who’s worked his job laying powerlines for twenty some years. Enron took over his company and the guys on top fraudently took a lot of money. Now this gentleman’s $300,000 pension is just $1200. That’s his retirement, that’s his life. I think far more often then we realize, those situations are happening. It’s rare that it comes into the light and we can point and say, “this is not good.”
I don’t have any real strong point to make about this whole thing. When I saw the front page news about Worldcom and Enron, or political corruption like Abramoff and Tennessee’s legislative corruption, the first thing I thought was, “Is this surprising?”