CONTACTS 

SUBJECTS
Accountability Stock Market Crumbles Loss Confidence Integrity of Acc
Accounting Reports of Earnings Loss of Confidence Due to Enron Scande
New Realities Information Overload Overwhelms Span of Attention by Co
Accountability Stock Market Crumbles Loss Confidence Integrity of Acc
Steepest Decline for 3rd Quarter Since 1991
Connecting Dots Meltdown Too Many People Having Too Many Problems Imp
Problems Too Many People Having Too Many Problems Earnings Fall Becau
Accountability Requirement Increased on Fears Integrity Accounting at
Enron Bankruptcy High Flying Energy Company Forced into Merger
Cost Intelligence More
Good Management Paid by Savings from Rework Litigation
Enron Management Practices Reported

5814 -
5814 -    ..
5815 - Summary/Objective
5816 -
581601 - Follow up ref SDS 42 0000, ref SDS 36 0001.
581602 -
581603 - Article published by Wall Street Journal and MSNBC on 020206 explains
581604 - management mistakes Enron made that caused the firm to collapse in
581605 - bankruptcy, ref OF 14 0001, as reported on 020204. ref SDS 42 N97F
581607 -  ..
581608 - Enron set up entities and required employees to negotiate deals with
581609 - other Enron staff, which created conflicts that prevented effective
581610 - management, ref OF 14 G24M, shown in the Powers report reviewed on
581611 - 020204. ref SDS 41 P49F and ref SDS 41 N49M
581613 -  ..
581614 - Congressional inquiry says...
581615 -
581616 -     "They literally became sham operations," said Tauzin, who is
581617 -     leading the most aggressive probe of nearly a dozen now being
581618 -     conducted on Capitol Hill into Enron. "One purpose was to fool
581619 -     investors into believing that debt had moved, that risk had moved.
581620 -     And the other purpose was to create phony income. This is an old
581621 -     game. This is nothing new. This is insider theft." ref OF 14 F99I
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5817 -

SUBJECTS
CEOs Failing at Increasing Rate
CEO Poor Execution, Failing
CEOs Silent on Remedies to Correct Abuses Revealed by Enron Collapse
Enron Bad Management Practices CEOs Fail Offer Remedies to Enable Goo

7906 -
790701 -  ..
790702 - Tip of the Ice Berg Enron Precursor to Poor Management Everywhere
790703 - Thunderously Silent CEOs Fail Leadership with Broader Vision
790704 - CEOs Failing to Offer Remedies to Enron Failed Management
790705 -
790706 - Received article dated February 5, 2002 noticing that there have been
790707 - no CEOs calling for improvements to solve problem caused by Enron's
790708 - failed management. ref OF 13 0001
790709 -
790710 - Enron is the biggest corporate bankruptcty in history. ref OF 13 7T5I
790712 -  ..
790713 - Background is the Powers report in the record on 020204. ref SDS 41
790714 - 0001
790716 -  ..
790717 - The author says...
790718 -
790719 -     ....if you listened to Corporate America, you'd never know that
790720 -     anything momentous has happened. The silence of the CEOs has been
790721 -     deafening. Top executives ...are acting as if the Enron scandal
790722 -     never happened. ref OF 13 WY7M
790723 -
790724 -         [On 020307 government calling for reforms to help CEOs use
790725 -         good management practice. ref SDS 43 0001
790727 -      ..
790728 -     The scandal has cast a pall that, if it endures, could raise the
790729 -     cost of capital, renew suspicion about business interests at every
790730 -     turn, and give Congress a green light to reregulate with a heavy
790731 -     hand. ref OF 13 9Z8M
790732 -
790733 -     ...many execs and auditers are probably busy double-checking their
790734 -     books, looking to see if their financial and accounting practices
790735 -     are beyond reproach. "It's probably [a case of] 'let he who is
790736 -     without sin cast the first stone,'" says John C. Bogle, founder of
790737 -     the Vanguard family of mutual funds. "Are there a lot of problems
790738 -     with off-balance-sheet financing? Of reporting pro-forma earnings?
790739 -     Yes. Corporate America is rife with those sorts of issues."
790740 -     ref OF 13 OJ6H
790741 -     ..
790742 -     HIGHER RISK PREMIUM.  The rumblings are ominous. Already,
790743 -     growing investor mistrust of companies' financial disclosures has
790744 -     sparked a damaging sell-off of shares in sectors ranging from
790745 -     energy to banking. A broad swath of companies could pay dearly if
790746 -     investors become convinced that financial shenanigans are
790747 -     commonplace. Says Bogle: "You are going to demand a higher risk
790748 -     premium on stocks. That means lower prices." ref OF 13 0213
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