Anyone lose out via ENRON

[Maro]

One of my Pet hates - Corporate mismanagement/Crooks:

Check out this link - there is info about Enron that people might be able to use:

http://australianit.news.com.au/articles/0,7204,7614719%5E15385%5E%5Enbv%5E,00.html

[bejohnson]

Originally posted by Maro
One of my Pet hates - Corporate mismanagement/Crooks:

Check out this link - there is info about Enron that people might be able to use:

http://australianit.news.com.au/articles/0,7204,7614719%5E15385%5E%5Enbv%5E,00.html

My brother-in-laws checked out Enron as a potenitial investment. They said they had never seen such a sham in their lifes and that the place was run by crooks. This was a couple of years before it all hit the fan.

[Maro]

Originally posted by bejohnson
My brother-in-laws checked out Enron as a potenitial investment. They said they had never seen such a sham in their lifes and that the place was run by crooks. This was a couple of years before it all hit the fan.

Still can't believe they got away with it

:banghead :banghead :banghead
Jobs for the boys
:bomb :bomb

[JohnathanJones]

I've studying investing in the stock market for about 3 months now and I might be willing to invest in it and perhaps make it a my career for me! But, who knows with all on the uncertainty. :rolleyes: :thumb

[Maro]

Originally posted by JohnathanJones
I've studying investing in the stock market for about 3 months now and I might be willing to invest in it and perhaps make it a my career for me! But, who knows with all on the uncertainty. :rolleyes: :thumb

Indeed!

I have nothing against investing in shares but I cannot understand how the Idiocy of the Futures market is allowed to continue!:banghead :banghead

Seriously, it is such a flawed concept - similar to snake-oil merchants!

The worst thing is that the people who make the investments are playing with people's retirement funds - there are huge problems now in both the UK and Australia due to muppets investing too heavily with other peoples money.

:Sigh :Sigh

[efernandez_98]

The panic's in the mail
open source | industry gossip
OCTOBER 21, 2003

JUST when you thought you'd heard the last of Enron, the US Federal Energy Regulatory Commission has posted a huge database of Enron email and related documents on the web, presumably for interested parties to search in the hope of launching more legal action.

In the midst of all the high-level stuff on the decline and fall of the one-time energy titan is a whole range of mundane email that is as fascinating as it is pathetic.

Amid the usual selection of dirty jokes, chain emails and discussions on holiday plans, the archive also contains mentions of high-level political connections.

We all know that deleted mails are generally recoverable. Apparently Enron staff didn't, and most of the mails in the archive are sourced from deleted items folders.

While Open Source confesses only a limited interest in Enron staffers' lunch plans, we have to admit to a certain fascination with the panic

that erupted towards the end of Enron's life.

Check it out at: www.ferc.gov/industries/electric/indus-act/wem/03-26-03-release.asp

Facing the fax

IT seems email is not the only thing frozen in time at Telstra. A journo mate of Open Source rang the erstwhile Telstra media "hotline" in early October with a query on a news story that needed an answer that day.

Dead silence. More than a week later the journo's phone rang bright and early in the morning with a Telstra flack on the line saying she'd just been texted with the call details and was ready and willing to feed some spin. It was all a little late — so late in fact that the journo couldn't remember the original query.

There were similar problems at last Friday's emergency damage-control press conference on the chaos surrounding BigPond email. Open Source's colleagues were complaining at being left off the invite list for the event, and hinting darkly at reasons for being snubbed by Telstra PR. As the only journo in the office who uses a fax machine, Open Source can confirm The Australian was invited. We can only speculate that, like everyone else, Telstra was struggling with email and decided fax was more efficient.

Double act

NOW, it seems, everyone is keen to see how Arnold Schwarzenegger handles California — none more so than Californians themselves.

Storage vendor Legato chief executive David Wright tells Open Source he dined with Mr Schwarzenegger (as we're required to call him now he's governor) and wife and Kennedy niece Maria Shriver, as well actor Rob Lowe at Schwarzenegger's home a couple of weeks ago.

The well-connected Mr Wright says he's sure California is in good hands.

"She'll make an excellent governor," he says. "She's a very sharp lady."

He adds that Schwazenegger told him he never takes a role without his wife first reading the script. Hee, hee... of course doesn't everyone know that the Kennedy are into politics. :happywave