Enron footnote

[Connie Clark]

--- telebob x <telebob98@hotmail.com> wrote:
>> 
> It is what I was alluding to in that one should not
> be granted an MBA 
> without a course in business ethics and some
> re-familiarization with their 
> civics lessons from days of yore.
>

Exactly, I mentally put this debacle together with
your Bather comments yesterday.  

Footnote:  Funny part of this also, is that Enron and
Dynegy core business is based completely on human
capital and business credibility.  The ultimate in
American B*S* business, with no real manufacturing or
physical assets.  Ken Lay is willing to accept a low
price from Dynegy I'm sure, because he knows that they
know that the trading business will migrate over to
Dynegy anyway, as will the highly skilled
professionals now employed across the street at Enron.
 All he will have left is the two high rises (Mike,
they built another one) downtown and thousands of
surplus computers.

Wayne, as far as I know off-street balancing was
considered an acceptable and admirable business
strategy by the CEO crowd.  It will be up to the SEC
to determine if there is anything illegal about it
all.  Can the SEC lawyers be smarter than Enron's
lawyers? As you said, there is no $uce$$ like
financial ... or something like that about NYC
election of billionare mayor.



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