Quotes About Enron

Things that have happened with Enron and companies like that, where they've squandered their employees' pension funds, I think it has brought a new level of anxiety. People don't feel like they can trust their employer.

I've never commented much about my experience at Enron except to say, when I was there, it was a much more pipeline and asset-oriented company.

By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.

You're used to seeing values listed on waiting-room walls. Communication, integrity, excellence, and respect. Those were actually Enron's values.

Wouldn't it be great if all of Osama bin Laden's money was tied up in Enron stock?

I take responsibility for what happened at Enron, both good and bad. But I cannot take responsibility for criminal conduct that I was unaware of.

Because the sad fact is that the Enron Corporation and others manipulated with unfortunately great effect the energy market in the West Coast starting in 2000.

Because the sad fact is that the Enron Corporation and others manipulated with unfortunately great effect the energy market in the West Coast starting in 2000.

In my world, people are always plotting. You have no idea of all the crimes people in business commit every day. Like it was nothing. Or there's a set of special rules for them. Remember when Bush made that whole speech about 'corporate ethics' last year? What a fraud. You think stuff like Enron or WorldCom is an aberration? It's only the tip. Business is a religion. Probably the only one practiced all over the world.

Are you familiar with 9/11? Building 7? You know what was in there? All the Enron stuff. I guess that building went down on its own.

Larry, I spent probably most of my professional life helping to build Enron Corporation. I don't think there was anyone that was as shocked by the - by the collapse of the company as I was.

Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.

Well, actually, I had been working as a consultant to former companies of Enron, or predecessor companies of Enron and, so, I joined in 1990 to really start our wholesale merchant business.

Before Enron, I think people were a bit more naive about the way things worked, and I think Enron pulled the curtain back on unsavoury practices that turned out to be a lot more widespread.

'Power Play' is a morality tale for our post-Enron world and - not incidentally - wildly entertaining. Nothing wrong with that.

Pete Wilson deregulated energy as a pay out to Enron, and we blamed Gray Davis.

When Enron collapsed, through court processes, thousands and thousands of emails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.

You know Texas is - even more now that Enron has bit the dust - it's held up on the back of small businesses.

But the most important thing is, Enron did not cause the California crisis.

No one would suggest completely ignoring news about your investments. Enron investors, for example, would have been well served to sell once early reports of accounting irregularities surfaced. But the key is to keep news in context and act only if further reflection or study indicates that the core thesis for an investment has changed.

In the case of Enron, we balance our positions all the time.

The collapse of Enron and the subsequent collapse of Arthur Andersen were tremendous tragedies. But as I stated at the time of my indictment on July 8, 2004, failure does not equate to a crime.

What Enron was doing, what caused investors to embrace it in a rapture of baffled awe, was hiding debt.

We will not rest until the wooden stake is punched through the heart of the Enron lawsuit against us.