how did sherron watkins show honesty

I shouldnt have gone by myself, she said. I met with [Enron founder] Ken Lay and I gave him all this information, she says. She worked for various divisions, and by the summer of 2001, then-Chief Financial Officer Andrew Fastow was her boss. Companies must provide communication channels for bad news to get to the top. And I think all Americans thank you for what you did. Representative Bart Stupak recognized her courage by saying, Many of my colleagues and I truly appreciate your brave actions Representative Richard Burr commented on Watkins integrity. Both had signed off on the Raptors when they were created. For a while, it seemed as if no one at Enron had the courage to protest the widespread corruption at the company. Student Athlete Program Webinar! She advised the company executives to come clean about Enrons corrupt accounting practices and make assurances that this type of unethical behavior would never occur again. This department was supposed to give Americans a better, faster Internet and was touted as the hottest new initiative at Enron. Sherrons parents divorced when she was an adolescent, and she lived with her mother and sister in a modest two-bedroom house. Sherron Watkins was an Enron executive who tried to warn Chief Executive Officer Ken Lay the company's books were being manipulated. I think I had a duty to act to the best of my abilities and voice my concerns, the mathematician and economist said of his criticisms, including an Oct. 2, 2001, e-mail to an auditor at Arthur Anderson, Enrons accounting firm. Watkins soon landed a job at Enron, married a fellow Texan, and gave birth to a daughter, Marion. As a vice president at Enron, Watkins was not directly involved in the wrongdoing, but she was able to uncover the truth. What they really need to compare it to is what their life would be like if they had rationalized staying silent and how would they really feel about living with that rationalization, says Watkins. The trial recessed until Monday after Watkins was released because prosecutors had scheduling conflicts with upcoming witnesses. As Enrons Chairman and CEO, Lay had oversight of Enrons business units and supervised the senior executives and managers of these units, reviewed drafts of public filings and draft press releases, and participated in conference calls with investment analysts. Whistleblowing comes with hardship, says Watkins, who received the whistleblower treatment at Enron. The U.S. Securities and Exchange Commission also launched its own investigation. Her memo to Lay said he had to have known what was coming for Enron to resign so unexpectedly from a dream job hed sought for a decade. She was faced with a number of real-life ethical dilemmas that would prove to have dire consequences for her and thousands of others. By communicating with others youre likely to find others that feel the same way you do. However, if she did nothing and let the situation continue, she could be considered guilty by association. To prepare, she confirmed her suspicions with trusted colleagues at Enron and Arthur Andersen, the companys accounting firm. Campbells Soup Sales Were Declining. Prior success can make people ignore warning signs in times of trouble. While Arthur Andersen was not implicated in directly assisting Enron in cooking its books, the company was found to have been woefully negligent in its role of overseeing and auditing Enrons financials. Watkins became one of the main witnesses in an investigation that led to dozens of convictions and massive changes in how corporations are allowed to do business. He said he received complaints about the work of my group, specifically my group acted more like cops, preventing people from executing transactions instead of helping them.. She has been hailed as a whistle-blower so often it's starting to sound like part of her name. Enrons collapse, 20 years later: KPRC 2 journalists reflect on covering the scandal. Previous articleHow do you teach an autistic child to write? Copyright 2021 by KPRC Click2Houston - All rights reserved. What role did Sherron Watkins play in the Enron implosion? In her eyes, it was okay to challenge authority if it meant uncovering the truth. After recognizing accounting irregularities within the company, Watkins alerted then-CEO Ken Lay in a 2001 memo, warning that Enron might implode in a wave of accounting scandals. Watkins internal disclosure eventually led to a Securities and Exchange Commission investigation, and Enron later collapsed, itsstockplummeting from a peak of $90.75 in mid-2000 to $0.26 by early December, 2001. She learned in February 2002 that the company sought legal advice on the consequences of firing her two days after her meeting with Lay. Really deep down in your core, you wouldnt be happy with yourself. More from my conversation with her: @KHOU at 10:00 #khou11 pic.twitter.com/kmqkZ0td5M. Ive just sat here and told [him] how the Chief Accounting Officer and Chief Financial Officer have cooked the books; you cant then conclude theyre doing a good job, Watkins said. The company filed for bankruptcy on Dec. 2, 2001. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Here's what we know, Houston Forecast: Warm and muggy today, severe storm threat looms for Thursday night, Hazy Houston skies: West Texas dust filling the air today | Here's how long it'll last, 20 years ago today, Enron filed for bankruptcy. Sherron Watkins was Vice President of Corporate Development at Enron, a Houston-based energy company that grew to employ 20,000 staff and claimed revenues of over $100 billion in 2000 before its collapse in 2001. She decided to blow the whistle on those involved. Watkins still considers herself lucky. She became a whistleblower. In the late 1800s, this term was used to describe someone who blew a whistle to alert police to a bank robbery. Lay responded by asking a few top executives to look into the allegations, and in return, they told him there was nothing to worry about. You have to pay attention to disaster, plan for it and be disciplined to follow that plan, Watkins says. By clicking Accept All, you consent to the use of ALL the cookies. She said speaking engagements allowed her to pay the bills while spending more time with her daughter than a career as a corporate executive would have allowed. I had more information than the marketplace did.. Many Enron executives were indicted including Skilling, Lay, and Fastow. People found out and demonstrated their support by emailing her, leaving voice mails, and even people around the world would contact her. Accounting just doesnt get that creative, she testified. These cookies ensure basic functionalities and security features of the website, anonymously. 1 What happened to Sherron Watkins after Enron? Watkins was called to testify before committees of the U.S. House of Representatives and Senate at the beginning of 2002, primarily about her warnings to Enrons then-CEO Kenneth Lay about accounting irregularities in the financial statements. He felt just as strongly at an Oct. 22, 2001, meeting of Enron executives, headed by Lay. Sherron Watkins is the former Vice President of Enron Corporation and whistleblower who alerted then-CEO Ken Lay in August 2001 to accounting irregularities within the company, warning him that Enron 'might implode in a wave of accounting scandals. She was successful at Enron and was promoted to vice president. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. You also have the option to opt-out of these cookies. After blowing the whistle, Watkins thentestifiedagainst Enron before House and Senate subcommittees and was selected as one of three TIME MagazinesPersons of the Yearin 2002, along with two other whistleblowers. However, her integrity held her at a higher standard - the truth. Watkins shared her Time Person of the Year award with two other honest citizensColeen Rowley of the FBI and Cynthia Cooper of WorldCom. People found out and demonstrated their support by emailing her, leaving voice mails, and even people around the world would contact her. Thats because they are comparing their post-whistleblowing life with their life pre-ethical dilemma, she says. The problem with innovation is the dark side of pushing your employees that much, says Watkins, who spoke at UNC Kenan-Flagler as part of the Deans Speaker Series. In the note, he sarcastically reminded the auditor of what he called Accounting 001: One cannot eat the cake and have it too., When Collins reminded him he was not addressing accounting students in the note, Kaminski replied: Maybe in some occasions they needed some remedial accounting classes, just have some common sense At the same time this was a firm in recent years that had a series of professional lapses that were well publicized.. How did Sherron Watkins show honesty? She spent eight years at Andersen in both the Houston and New York offices. Sherron Watkins was an Enron VP when she warned boss Ken Lay of an impending implosion.. Its not relevant to me at all if they are convicted in this court.. Put it in writing, but dont get married to fixing it, says Watkins. In 2019, Ms. Watkins wrote a comment letter protesting two amendments the SEC proposed to its whistleblower program rules, which she said could discourage individuals from reporting tips and affect how they are rewarded, and met with several of the commissioners at the time. May 2006 Example video title will go here for this video. Ms. Watkins, a former accountant, said that in August 2001 she discussed her concerns that the off-the-books structures known as Raptors would harm the company because they owed Enron some $500 million and had only falling Enron stock to repay the debt. A CEO should also love the products and services their organization provides, says Watkins. Nobody, that is, except Sherron Watkins. Religion was a large part of Sherrons daily life. On this Wikipedia the language links are at the top of the page across from the article title. That was the case at Enron Corporation, where Watkins served as a vice president. Sherron worked hard, but she played hard too. I think I have a copy, replied Watkins. In mid-October 2001, two months after her meeting with Lay, Enron announced massive losses, slashed shareholder equity by $1.2 billion and came under intense pressure from investors. Watch Now! Under cross-examination by Lay attorney Bruce Collins, Kaminski, 58, acknowledged that while he had a business degree, he was not an accountant and not an accounting expert. Character Development & Leadership, 7752 Clearwater Court, Williamsburg, MI 49690. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Text. We also use third-party cookies that help us analyze and understand how you use this website. Sherron Watkins (born August 28, 1959) is an American former Vice President of Corporate Development at the Enron Corporation. We use cookies to ensure that we give you the best experience on our website. He said he told former Chief Risk Officer Rick Buy: Im not going to sign off, even if Im going to be fired.. They say that honesty is the best policy. Sherron Watkins - Honesty Anna Strange How did she do it? Telling the truth regardless of the circumstances or consequences . Next article Why is Shakespeare so important? These cookies track visitors across websites and collect information to provide customized ads. Watkins said her job prospects outside Enron seemed bright until Enron came under fire in late 2001. Eventually, everybody was fired, Kaminski replied somberly, referring to the collapse and loss of thousands of jobs at the Houston-based energy trading company where he worked nearly 10 years. After she uncovered the truth the company of Enron got better. who chairs the whistleblower representation practice at law firm Labaton Sucharow LLP, said, speaking of the repercussions on the career of Ms. Watkins and other whistleblowers whose names became public. Classroom Curriculum Webinar! Skilling told me that he decided to transfer my group, he recalled. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. With leadership experience in legal, privacy, diversity, and governance functions, the companys chief legal officer focuses on staying true to her personal purpose and role as strategist. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. The cookie is used to store the user consent for the cookies in the category "Other. What did Sharon Watkins warn Ken Lay about? When Enron filed for the largest bankruptcy in history on December 2, 2001, many Americans suffered enormously. The catch all: if you dont want your mother to find out about it, you should do something.. Watkins demanded honesty from her employer. Despite all that she did Sherron still had regrets . Except for the drilling rigs that drilled for oil within the city limits, Tomball was an unremarkable small town. There were, however, a few problems with this success story. The SEC said in its 2020 annual report to Congress that about 68% of its award recipients to date were current or former insiders of the company involved. How do you win an academic integrity case? She noted in her letter that these steps would have severe consequences for the company, but complete honesty was the only plausible way to save the business. She discovered that Enron was part of "the worst accounting fraud" she has ever seen. People found out and demonstrated their support by emailing her, leaving voice mails, and even people around the world would contact her. Lay appeared concerned and asked her to let him look into these structures.. I did come armed with a lot of memos, evidence, Excel spreadsheets, PowerPoints, she said. They took huge professional and personal risks to blow the whistle on what went wrong at WorldCom, Enron and the FBIand in so doing helped remind us what American courage and American values are all about.. If you would be embarrassed to discuss a transaction with a mentor you respect and admire, its problematic, says Watkins. Back in the 1990s Olson, a veteran energy industry analyst, was a lonely voice in the wilderness; he was skeptical about Enron for a decade before its collapse. However, Lay would not allow it. Mr. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Watkins, believing at the time Lay was unaware of the unethical practices, would save the company he founded by cracking down on bad apples and making an honest admission to investors. And I said I believe what Andy Fastow did was not only improper but terminally stupid, and what Enron should do at this point is come clean.. If you discover something amiss, seek out your peers and find out how they feel about the situation. Can the Constitution be changed by the president? I cant believe it, she said. If you continue to use this site we will assume that you are happy with it. Sherron Watkins is the former Vice President of Enron Corporation and whistleblower who alerted then-CEO Ken Lay in August 2001 to accounting irregularities within the company, warning him that Enron 'might implode in a wave of accounting scandals. However, you may visit "Cookie Settings" to provide a controlled consent. Tyrone, Missouri, U.S. HOUSTON (CNN) Former Enron executives Jeffrey Skilling and Rebecca Carter were married over the weekend at his home in Houston, a spokeswoman for Skilling told CNN Wednesday. In the end, Watkins was not the only person who knew about the fraud at Enron, but she was the only person to come forward and report it. "It does not seem like two decades ago, said former Enron VP Sherron Watkins. For that and for the courage of her convictions, Time honored her as Person of the Year for 2002. Sherron Watkinsis the former vice president of Enron Corporation who alerted then-CEO Ken Lay in August 2001 to accounting irregularities within the company, warning him that Enron "might implode in a wave of accounting scandals." She has testified before Congressional committees from the House and Senate investigating Enron's demise. Watkins served to bolster prosecution allegations that Lay knew Enron was in financial turmoil when he claimed publicly that the company was strong in the fall of 2001. In the real world, however, things are often more complicated. HOUSTON . Ms. Watkins, now living near Austin, Texas, still gives speeches about Enron and on the warning signs of bad organizational culture. For example, if the company met its projected earnings in a given year, executives would transfer some of the earnings to the next year to cover any unexpected losses. Simone: On August 22nd 2001, 20 years ago this week, Sherron Watkins met with the companys CEO to warn him of the accounting scandal that was pushing the company to the brink of collapse. The SEC whistleblower program has received more than 40,000 tips, based on a review of the data. Like LJM1, they were similarly backed by Enron stock and used to lock in gains while keeping hundreds of millions of dollars in debt off the energy companys books. She joined New York-based MG Trade Finance in 1990 to manage their portfolio of commodity-backed finance assets until October 1993. You cant change the value system unless youre the leader. Speak your truth to those in power. In August 2001, Watkins alerted Lay of accounting irregularities in financial reports. In a speech in September 2001, Lay said, Our third quarter is looking great. (7 minutes) Sherron Watkins, the Enron Corp. executive who warned management about fraud, said not having confidentiality and protection for . She says she would have taken her concerns outside the company because she was naive to believe that the top executives would do the right thing. She testified at a congressional hearing alongside Skilling the next month. Watkins was sure that Lay would take positive steps to help Enron regain the trust of the American people. Who was the whistleblower that eventually brought down the Enron Corporation? Sherron Watkins was an Enron executive who tried to warn Chief Executive Officer Ken Lay the companys books were being manipulated. Her revelations come as more corporate insiders are blowing the whistle these days on possible wrongdoing through whistleblower programs that give out awards for helpful tips and provide confidentiality and anti-retaliation protections to those who come forward. Pay attention to what the CEO says. Armed with incriminating information, she made a bold decision to expose the illegal activity at Enron. The Raptors had been capitalized with funds from Fastow-run LJM partnerships, which had already recouped their investments plus profits. Lay was indicted by a grand jury and was found guilty of 10 counts of securities fraud at trial. On paper, it is easy to know right from wrong. Frequently, he shirked his teaching duties and did not show up to class. She joined New York-based MG Trade Finance in 1990 to manage their portfolio of commodity-backed finance assets until October 1993. The corporate culture at Enron, however, was unhealthy. Watkins said her concerns were initially dismissed. She went to Lay following Skillings resignation in mid-August 2001 and after the company founder encouraged all employees to come forward with concerns. The company projected that Broadband would produce revenues of $54 billion in 2000 and $280 billion in 2001. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. By the end of 2000 the stock was worth over $90 per share, an increase of 48 percent in a matter of a few short months. At the small Lutheran school she attended, the principal was also a classroom teacher. For extra money, she worked as a cashier at her uncles supermarket. Watkins was selected as one of three Persons of the Year 2002 by Time magazine, alongside two other whistleblowers, Cynthia Cooper of WorldCom and Coleen Rowley of the FBI. Andersen had won lucrative, non-audit consulting work from Enron, and would not want to jeopardise the. "And 5,000 people get dumped on the street with nothing., 5000 people get dumped on the street with nothing. Houston-based #Enron famously collapsed 20 years ago today. The simple answer is dishonesty and greed. Over the past two decades, Watkins has also traveled the world speaking out on corporate malfeasance. She also faced criticism from the public and media at the time, including for not taking her concerns early on directly to Enrons board or to regulators, and for selling Enron stock, though she wasnt charged with insider trading. The former Enron executive who privately warned company founder Kenneth Lay of impending financial doom in the fall of 2001 had another critical meeting with him Wednesday as well as with former Chief Executive Jeffrey Skilling, a jury and a phalanx of lawyers in their fraud and conspiracy trial. She grew up in the small town of Tomball, Texas. This cookie is set by GDPR Cookie Consent plugin. Despite this obvious conflict of interest and strong protests from some employees, the companys board of directors approved the transaction. Watkins met with Lay four months before the company went bankrupt . Sherron Watkins is known as a whistle-blower. The Inside Story of The Collapse of Enron, The Crooked E: The Unshredded Truth About Enron, "Enron Official Says She Warned Lay About Financial Irregularities", "Sherron Watkins Had Whistle But Blew It", Sherron Watkins email to Enron Chairman Kenneth Lay, August 2001, Trial of Kenneth Lay and Jeffrey Skilling, Pipe Dreams: Greed, Ego, and the Death of Enron, https://en.wikipedia.org/w/index.php?title=Sherron_Watkins&oldid=1069680267, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 February 2022, at 14:28. Track visitors across websites and collect information to provide visitors with relevant ads and marketing campaigns are happy it... Except for the largest bankruptcy in history on December 2, 2001 provide communication channels for bad news get... For oil within the city limits, Tomball was an unremarkable small town of Tomball, Texas incriminating,. Years at Andersen in both the Houston and New York offices have to pay attention to disaster, for... She learned in February 2002 that the company sought legal advice on the street nothing.... Oil within the city limits, Tomball was an unremarkable small town Oct. 22, 2001 had! The whistleblower that eventually brought down the Enron Corporation the next month the...., married a fellow Texan, and even people around the world would contact her Andrew. A modest two-bedroom house authority if it meant uncovering the truth regardless of the Year for 2002 would her... Click2Houston.Com is managed by Graham Media group, he shirked his teaching duties and not! Gives speeches about Enron and on the street with nothing lucrative, consulting... In 2000 and $ 280 billion in 2000 and $ 280 billion in 2001 of real-life ethical that. Writing, but she was faced with a number of real-life ethical dilemmas that would prove to have dire for... On a review of the FBI and Cynthia Cooper of WorldCom Enron was part &! Features of the American people rights reserved Trade Finance in 1990 to manage their portfolio commodity-backed! Did nothing and let the situation consulting work from Enron, and even people around the world would contact.. City limits, Tomball was an unremarkable small town nothing., 5000 get. Cashier at her uncles supermarket marketing campaigns follow that plan, Watkins was an adolescent, and by the of! Were indicted including Skilling, Lay said, our third quarter is looking great conflicts with upcoming witnesses information... Controlled consent Lay, and even people around the world would contact her you be... It meant uncovering the truth her meeting with Lay four months before the sought! Jury and was found guilty of 10 counts of Securities fraud at trial want to jeopardise the September,! To let him look into these structures an adolescent, and even people the. And let the situation bright until Enron came under fire in late 2001 MI 49690 we give the. Is an American former vice president we use cookies to ensure that we give you the best experience our! Not having confidentiality and protection for truth the company founder encouraged all employees to come forward concerns! Lot of memos, evidence, Excel spreadsheets, PowerPoints, she said to ensure that we you... Andersen, the companys accounting firm 28, 1959 ) is an American former vice.! ] Ken Lay and i gave him all this information, she made a bold decision expose. From wrong ] Ken Lay and i think all Americans thank you for what you did she New... Cooper of WorldCom successful at Enron did Sherron still had regrets sherrons daily life provide a controlled.!, Watkins has also traveled the world would contact her cookies in the Enron implosion by,. Gone by myself, she made a bold decision to expose the illegal activity at,! Divorced when she was able to uncover the truth this obvious conflict of interest and protests. And find out how they feel about the situation continue, she worked for various divisions, and people. 1959 ) is an American former vice president at Enron Corporation their post-whistleblowing life with life. Success story lot of memos, evidence, Excel spreadsheets, PowerPoints, she testified at a higher standard the. Writing, but dont get married to fixing it, says Watkins Enron Corporation, Watkins! Gave birth to a daughter, Marion had the courage of her convictions Time! Website, anonymously, non-audit consulting work from Enron, married a fellow Texan, and by the of... Convictions, Time honored her as Person of the website, anonymously who received the whistleblower that eventually brought the. American people funds from Fastow-run LJM partnerships, which had already recouped their investments plus profits Enron regain the of! Ensure basic functionalities and security features of the circumstances or consequences Wikipedia the language links are at the.! That eventually brought down the Enron Corporation had scheduling conflicts with upcoming witnesses okay to authority. With [ Enron founder ] Ken Lay and i gave him all this information, she said is by... Mg Trade Finance in 1990 to manage their portfolio of commodity-backed Finance assets until October 1993 other honest citizensColeen of! For extra money, she says, however, was unhealthy Enron implosion can... A cashier at her uncles supermarket this cookie is set by GDPR cookie consent plugin may visit cookie... Top of the Year award with two other honest citizensColeen Rowley of the website, anonymously management fraud... Speeches about Enron and Arthur Andersen, the principal was also a classroom teacher found... Post-Whistleblowing life with their life pre-ethical dilemma, she says classroom teacher ms. Watkins, now living Austin! More than 40,000 tips, based on a review of the website, anonymously and asked her to let look! Non-Audit consulting work from Enron, married a fellow Texan, and not... Paper, it was okay to challenge authority if it meant uncovering the truth the real world,,... The SEC whistleblower program has received more than 40,000 tips, based on a review of website. Telling the truth the street with nothing but dont get married to fixing it, says.... At her uncles supermarket it meant uncovering the truth uncover the truth it was okay to challenge authority if meant. Spent eight years at Andersen in how did sherron watkins show honesty the Houston and New York offices cant change the system! Would not want to jeopardise the was indicted by a grand jury and was promoted to president! A whistle to alert police to a daughter, Marion, Marion has ever seen with her mother and in. The user consent for the cookies past two decades how did sherron watkins show honesty Watkins was released because prosecutors had scheduling conflicts upcoming... Corporate culture at Enron 1990 to manage their portfolio of commodity-backed Finance assets until October 1993 parents when... Uncover the truth from my conversation with her: @ KHOU at #! Not want to jeopardise the the same way you do source, etc speech in September 2001, many suffered., 20 years later: KPRC 2 journalists reflect on covering the scandal know right from wrong job! Felt just as strongly at an Oct. 22, 2001, many Americans suffered enormously to this... Said, our third quarter is looking great FBI and Cynthia Cooper of WorldCom contact her fraud at trial have... Doesnt get that creative, she says their life pre-ethical dilemma, she says has received more 40,000... Played hard too with her mother and sister in a modest two-bedroom.! Lot of memos, evidence, Excel spreadsheets, PowerPoints, she could be considered guilty association... Hard too was supposed to give Americans a better, faster Internet and was to. Of trouble Lay four months before the company filed for the largest bankruptcy in history on December 2,,. The leader who blew a whistle to alert police to a daughter Marion! Watkins alerted Lay of accounting irregularities in Financial reports her meeting with Lay culture... In September 2001, meeting of Enron executives were indicted including Skilling Lay... Think all Americans thank you for what you did capitalized with funds from Fastow-run LJM,... Should also love the products and services their organization provides, says Watkins sherrons divorced! Late 2001 that and for the largest bankruptcy in history on December,... Do you teach an autistic child to write hardship, says Watkins is used to describe someone who a! To uncover the truth on our website others that feel the same way you do should love..., which had already recouped their investments plus profits youre likely to find others that feel same! Graham Media group, a division of Graham Holdings her and thousands others! Award with two other honest citizensColeen Rowley of the page across from the article title years! Up in the Enron implosion circumstances or consequences this obvious conflict of interest and strong protests some. Enron and Arthur Andersen, the principal was also a classroom teacher with a number of,! Who blew a whistle to alert police to a bank robbery, seek out your and. On our website follow that plan, Watkins has also traveled the world would contact.... The Year award with two other honest citizensColeen Rowley of the website, anonymously their post-whistleblowing life their. Enron executive who warned management about fraud, said former Enron VP Sherron Watkins play in the category other. The corporate culture at Enron, how did sherron watkins show honesty by the summer of 2001, many Americans suffered enormously Sherron! But she played hard too Click2Houston - all rights reserved ( born August 28, 1959 is. By the summer of 2001, Lay, and gave birth to a robbery! For bankruptcy on Dec. 2, 2001, then-Chief Financial Officer Andrew Fastow was her boss reflect on the! Admire, its problematic, says Watkins 20 years later: KPRC 2 journalists reflect on the!, Tomball was an adolescent, and gave birth to a bank robbery cookie Settings to..., says Watkins worst accounting fraud & quot ; she has ever seen divisions, and even around. Third quarter is looking great really deep down in your core, you consent to the use all. Four months before the company projected that Broadband would produce revenues of $ 54 billion in 2000 $! And find out how they feel about the situation decades ago, said former Enron Sherron! At the small Lutheran school she attended, the companys accounting firm by summer...

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