Analysis: Houston has a problem: the countdown starts at Enron As the accounting scandal builds to its court climax, Katherine Griffiths reports from the Texan city on the rise and fall of the energy trader, the wrongfooting of Wall Street and the financial fallout in the local community

From: The Independent on Sunday | Date: September 4, 2005| Author: Katherine Griffiths | Copyright information

Taking a drive through River Oaks, a prosperous area of Houston, Texas, is like looking into the past of America's fourth-largest city.

The ornate mansions " some of which span an entire block " were first built by the oilmen who struck black gold here. In the 1960s, astronauts moved in as Nasa's Johnson Space Center grew up. And in the 1990s, the people who created Enron, the energy trader that became Houston's most famous local company, took up home in the city's most exclusive post...

Related newspaper, magazine, and journal articles from HighBeam Research

ENRON CEO QUITS AMID TURMOIL INVESTIGATIONS HAVE TAKEN TOO MUCH TIME, LAY SAYS.(News)
Seattle Post-Intelligencer (Seattle, WA) ; Byline: P-I NEWS SERVICES HOUSTON -- Kenneth Lay, the embattled chairman and chief executive officer of Enron Corp., resigned yesterday from the ...
ENRON CHIEF RESIGNS UNDER FIRE.(NEWS)
The Cincinnati Post (Cincinnati, OH) ; Byline: Associated Press HOUSTON -- Kenneth L. Lay, the embattled chairman and chief executive officer of Enron Corp., resigned Wednesday from the bankrupt energy company but will remain on the company's board. Lay, 59, transformed Enron from a regional pipeline company into one of the world's
Search is on for right person to save Enron
The Milwaukee Journal Sentinel ; Search is on for right person to save Enron Associated Press Friday, January 25, 2002 Houston -- Whoever succeeds Kenneth Lay as Enron Corp.'s chief executive could walk into a minefield. Or he could emerge as a hero who saves the fallen energy giant. "If you are a restructuring specialist, like
Skilling To Face Senators, Accusers; Former Enron CEO's Claims at Issue
The Washington Post ; ... on June 12, saying the Titanic was different from California because it still had the lights on when it sank. A week later, a news story noted that Enron's stock had fallen 44 percent during the year, attributing the decline to the slump in the telecommunications ...
Lay knew of Enron's troubles, former finance chief testifies
International Herald Tribune ; Alexei Barrionuevo International Herald Tribune 03-10-2006 Andrew Fastow, the former chief financial officer of Enron, has provided some of the strongest evidence yet linking Kenneth Lay, the company's founder and former chief executive, to a conspiracy to defraud investors. But Fastow's
Skilling lied about why he quit Enron, prosecutor suggests
International Herald Tribune ; Alexei Barrionuevo and Vikas Bajaj International Herald Tribune 04-21-2006 A federal prosecutor wrapped up his cross-examination of Jeffrey Skilling in the Enron fraud trial by suggesting that Skilling had lied about the reason he resigned as Enron's chief executive.The prosecutor, Sean Berkowitz,
Enron Names Interim Chief Executive, Restructuring Officer.
Austin American-Statesman (Austin, Texas) (via Knight-Ridder/Tribune Business News) ; ... statement. To see more of the Austin American-Statesman, or to subscribe to the newspaper, go to http://www.austin360.com (c) 2002, Austin American-Statesman, Texas. Distributed by Knight Ridder/Tribune Business News. TICKER SYMBOL(S): ENE, ENRNQ
Andersen CEO Got Warning On Enron; Berardino Told Early In '01 of Audit Needs [ Corrected 4/15/02 ]
The Washington Post ; A top Enron Corp. executive told Arthur Andersen chief executive Joseph F. Berardino a year ago that the energy company was doing a lot of complex financial transactions and needed more auditing expertise than it was getting, an Andersen spokesman said yesterday. Berardino, along with the head of
Former Enron chief indicted Charges against one-time energy giant's ex-CEO unsealed today
Oakland Tribune ; In a culmination of almost three years of investigation, Kenneth Lay, the former chairman and chief executive of Enron, was charged Wednesday in a sealed indictment by a federal grand jury examining the financial fraud that led to the collapse of the one-time energy giant. The indictment was
Ex-Enron chairman is finally charged
Deseret News (Salt Lake City) ; In a culmination of almost three years of investigation, Kenneth L. Lay, the former chairman and chief executive of Enron, was charged Wednesday in a sealed indictment by a federal grand jury examining the financial fraud that led to the collapse of the onetime energy giant. The indictment was