Lies, damned lies, and Enron

Enron is one of the world's leading electricity, natural gas and communications companies. The company, with revenues of $40 billion in 1999 and $30 billion for the first six months of 2000, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron "America's Most Innovative Company" for five consecutive years, the top company for "Quality of Management" and the second best company for "Employee Talent." In addition, Enron ranks in the top quarter of Fortune's "Best 100 Companies to Work For in America." Enron's Internet address is The stock is traded under the ticker symbol ENE.      --  from an Enron press release, 4 October 2000

"Enron paid no income taxes in four of the last five years, using almost 900 subsidiaries in tax-haven countries and other techniques, an analysis of its financial reports to shareholders shows. It was also eligible for $382 million in tax refunds."      --  New York Times, 17 January 2002

This full-text search includes all static pages on the PIR site, as well as 14 SEC reports from Enron (unfortunately, the interesting material is already shredded). The first eight reports are split into two.

1994 Enron DEF 14A [a]       1995 Enron DEF 14A [a]       1996 Enron DEF 14A [a]       1997 Enron DEF 14A [a]
1994 Enron DEF 14A [b]       1995 Enron DEF 14A [b]       1996 Enron DEF 14A [b]       1997 Enron DEF 14A [b]

1998 Enron DEF 14A [a]       1999 Enron DEF 14A [a]       2000 Enron DEF 14A [a]       2001 Enron DEF 14A [a]
1998 Enron DEF 14A [b]       1999 Enron DEF 14A [b]       2000 Enron DEF 14A [b]       2001 Enron DEF 14A [b]

Reports from Enron Oil & Gas, 1994-1999:

1994 EnronOG DEF 14A       1995 EnronOG DEF 14A       1996 EnronOG DEF 14A
1997 EnronOG DEF 14A       1998 EnronOG DEF 14A       1999 EnronOG DEF 14A

Talking heads, wonks, scribblers and wise men

Who got blood money from Enron in the war of words?

This list below matches names from the above documents (directors, some officers, and major shareholders) with names from NameBase. It appears that unlike the BCCI scandal, there are no major spook connections with Enron. What we have here, apparently, is an assortment of talented wheelin', dealin', cheatin' Texas oil cowboys.

The absence of a spook connection is good news. It means that Congressional investigators won't be derailed as easily as they were with BCCI and Iran-Contra.

The names on the left are from the document, and the names on the right are matches, and the number of pages cited, from NameBase.

"We've got to get the handcuffs on quick."

     --  Lord Wakeham, chief Tory whip and Thatcher adviser, referring to the Morgan Grenfell and Guinness financial scandal in England in 1987 and the need to take decisive action for political reasons. Lord John Wakeham has been a director of Enron since 1994.

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