But Hueston questioned why Lay didn't first sell stock in other companies he owned or properties on the Texas Gulf Coast or in Aspen, Colo. Lay retorted that non-Enron stock made up about 10 percent of his holdings, and real estate sales could take too much time. As some executives began to plot their message in California, one of their colleagues -- an Enron vice president named Joe Hillings -- appeared to worry about positioning himself for a job in the Bush administration. Ken Lay apparently had more pressing concerns: The phone wasn't working right in one of his planes. When the San Francisco Chronicle broke the story about the meeting, one of Jeff Skilling's friends -- a former colleague from his days at McKinsey & Co. -- warned Skilling that Enron should be more careful about public relations in the days ahead. Yet in November 2001, with Enron's stock and reputation already in the tank, Lay told employees he could "not have ever contemplated" what lay ahead for the company and its stockholders. Watkins: Certainly I thought about quitting in 1996, but I had not yet made vice president. They would like Mark and Natalie to have the end or corner suite that the Vittors have. I am doing an inquiry as to what each family's level of participation will be for Thanksgivings. Lay?" From: Another One -- exenron@hotmail.com Date: Nov. 30, 2001 Subject: Thank you all very much for your support -- NOT! GitHub Gist: instantly share code, notes, and snippets. relating to the Enron audits.The destruction continues until November when the company receives a subpoena from the Securities and Exchange Commission. P.S. Prosecutor John Hueston, in his third day of cross-examination, sought to show that Lay ignored warnings of accounting impropriety and financial doom after resuming as chief executive upon the resignation of co-defendant Jeffrey Skilling from that role in mid-August 2001. Don't worry about high crime in your neighborhood -- just hire an off-duty policeman. In the summer and fall of 2001, the Enron empire began to crumble. This will be seen as "ivory tower" discussions. Thanks, Cynthia. The Enron e-mails are available for searching and browsing at FERC's Web site. Why should anyone be allowed to profiteer by selling at multiples above their generation cost? We want these funds matched in time for the Texas State deadlines. or redistributed. We will be crediting Congressmen DeLay, Armey, Barton and Tauzin for raising the $100,000 allocation for the NRCC. Our best to you and your family this Thanksgiving. Lay and Skilling are accused of repeatedly lying to investors and employees about Enron's financial prowess when they allegedly knew accounting tricks that hid bad news and inflated profits. Please let Carolyn or I know if you need anything further on this. The issue isn't whether the system is broken or not or how bad partial regulation is or how much demand has increased versus supply. The fact that … Then in June 2001, the same month that Enron’s executive vice president Steve Kean attended the Pentagon Highlands Forum, the company’s hopes for the Dabhol project were dashed when the Trans-Afghan pipeline failed to materialize, and as a consequence, construction on the Dabhol power plant was shut down. The failure of the $3 billion project contributed to Enron’s bankruptcy in … The classic corpus of ENRON documents, detailing the fraud conducted in the company before it's implosion. One warning came in October 2001 via an e-mail from Jim Schweiger, a longtime trader, three days after Lay announced a massive third-quarter loss and $1.2 billion writedown in shareholder equity. That is all I know at this time. It's noteworthy the Beverly Hills meeting was not covered in the Los Angeles papers. I have a digital camera or a polaroid that you can borrow. I have forwarded on to Ken's office and will get him to Aspen as soon as the smoke clears. Let us know your thoughts. Members of the Lay family From: Barbara VanDerVliet Date: Sept. 28, 2001 Subject: Thanksgiving. If they failed to tune in, they didn't miss much: When he finally appeared before the Senate Commerce Committee in February 2002, he offered a brief statement and then refused to testify further on the grounds that doing so might incriminate him. Enron Chord Diagram. To: Kenneth Lay From: Joe Hillings Date: Sept. 25, 2000 Subject: Selection of My Successor -- My Concern. To: Ken Lay and Steve Kean From: Enron governmental affairs executives Rick Shapiro and Linda Robertson Date: June 1, 2001 Subject: The President's Dinner, A Congressional Salute Honoring President Bush and Vice President Cheney, June 7, 2001, in Washington, DC. Enron declared bankruptcy in December 2001. Lay also faces a separate trial on bank fraud charges unrelated to the current trial. As for the most frequent senders to Ken Lay, Steven Kean (steven.kean@enron.com) sent 26 emails, which was the most frequent in the dataset. To: Gary Fitch From: Rosalee Fleming Date: Nov. 20, 2000 Subject: N5737 -- Ken Lay's phone. Steven served as COO and President for Kinder Morgan. He would be great to have on a vetting team for commission nominees. There are 19 executives at Kinder Morgan getting paid more, with John Schlosser having the highest compensation of $9,761,870. Thanks. From: John Shelk [Enron vice president for governmental affairs] Date: July 6, 2001 Subject: Status of Discussions on Electricity Legislation -- No Agreement Reached. The losses were buried in Enron’s profitable trading business and in off-balance-sheet financing measures used to keep huge debt off the corporate books. Legal Statement. While the Federal Energy Regulatory Commission says the public has a right to know the facts upon which the Enron investigation was based, it's hard to see the public value of releasing messages in which Enron employees chat about their lunch plans, complain about the weather, and joke about visiting strip clubs and their own right hands when their girlfriends and wives are away. In the best case, the clamoring for a "refund" subsides. He would appreciate a call on his behalf to Cheney. We do not allow people to inflate water prices to consumers in times of drought, or food prices in times of hurricanes or floods. Steve Kean, CEO of Kinder Morgan Canada, blamed the B.C. If he only knew. There is also no evidence that Kinder Morgan has cheated on its taxes and expenditures in the way that Enron did, although, as Bloomberg reported, the company paid … Lay also acknowledged under Hueston's questioning that he and his family maintained their extravagant lifestyle in 2001 despite his insistence that necessity had driven him to tap Enron for more than $70 million in loans to repay personal debt. Debt primarily with Enron stock allowed to profiteer by selling at multiples above their cost... Time with you, my financial position far exceeds what I had not made! Is hell bent on finding a `` fall guy. announce my Successor -- my Concern to. 2001 Subject: furniture believed in Enron and the Corporation for the RNSEC funds. Better its risks of getting fingered politicians, and Wall Street began to demand more detailed information! 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