January 28, 2002
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Current BW Magazine Table of Contents

January 28, 2002 BW Magazine Table of Contents

January 28, 2002 The Enron Scandal Table of Contents

THE ENRON SCANDAL
Can You Trust Anybody?

Portrait of a Whistle-Blower

Making Debt Disappear

Who Else Has Hidden Debt?

The Heat on Enron's Lawyers

Can Andersen survive?

Commentary: Enron

The fallout for Washington

Fixing the Accounting Mess

A Black Eye for GAAP

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LATEST COVERAGE

COVER STORY (8/12/02 ISSUE)
Joe Berardino's Fall from Grace 
Andersen's former CEO presided over the biggest accounting scandals ever and the demise of a legendary firm. Here's what happened

SPECIAL REPORT (7/29/02 ISSUE)
Commentary: No Excuses for Enron's Board

SPECIAL REPORT (7/1/02 ISSUE)
Commentary: The Lingering Lessons of Andersen's Fall


CHRONOLOGY OF A SCANDAL
DAILY BRIEFING (8/15/01)
Jeffrey Skilling's Surprising Split from Enron
The CEO's abrupt resignation has some investors wondering what's behind the trickle of execs leaving the company

DAILY BRIEFING (8/24/01)
Enron's Ken Lay: "There's No Other Shoe to Fall"
As the energy giant's stock tumbles after Jeffrey Skilling's sudden resignation, the new CEO tries to reassure investors

DAILY BRIEFING (8/24/01)
"We Build a Heck of a Business"
Enron's former CEO Jeffrey Skilling is vague about the "balanced life" he wants but adamant that the company is in great shape

COVER STORY (12/17/01 ISSUE)
The Fall of Enron
How Ex-CEO Jeff Skilling's strategy grew so complex that even his boss couldn't get a handle on it

DAILY BRIEFING (12/19/01)
Enron in Perfect Hindsight
Plenty of red flags were waving at the energy giant, but from execs to auditors to the media, no one wanted to argue with success

NEWS: ANALYSIS & COMMENTARY (12/24/01 ISSUE)
Harvey Pitt: "If You Violate the Law, You Will Pay" (extended)
The SEC chairman talks about Enron, auditing, and his commitment to enforcement policies that dispel the temptation to play fast and loose

DAILY BRIEFING (1/11/02)
Enron: Now the IRS Joins the Hunt
The latest question: Did the humbled energy giant take deductions for $1.2 billion in debt carried on its books as shareholders' equity?

DAILY BRIEFING (1/16/02)
How Enron Alienated Just About Everyone
The way the trading giant played the lobbying game was something to behold. In the end, its bold lobbying efforts didn't make a jot of difference

DAILY BRIEFING (1/18/02)
How the SEC Plans to Police Accountants
In an exclusive interview, Chairman Pitt details his proposal for an independent monitoring board to oversee the profession

NEWS: ANALYSIS & COMMENTARY (1/21/02 ISSUE)
Enron: The Morticians Move In
Lawyers, investment bankers, and accountants could walk away with as much as $300 million

DAILY BRIEFING (1/17/02)
A New Twist in Enron's Can of Worms
Congressional probers are asking if the company used complex but legal securities to mask the true size of its debt load

DAILY BRIEFING (1/24/02)
What Did Ken Lay Know on Aug. 20?
In an interview with BW Online that day, Enron's then-CEO said: "There are no accounting issues...no previously unknown problem issues." Probers think he may have had reason to think otherwise



THE ENRON SCANDAL
Can You Trust Anybody Anymore?
The scope of the Enron debacle undermines the credibility of modern business culture. Let's get back to basics

A Hero--and a Smoking-Gun Letter
Watkins' memo spoke volumes about Enron's behavior. So did higher-ups' tepid response

The Perfect Sales Pitch: No Debt, No Worries

Who Else Is Hiding Debt
Moving financial obligations into off-book vehicles is now a common ploy

One Big Client, One Big Hassle
Vinson & Elkins' heavy reliance on Enron is now a potential liability for the law firm

Can Andersen Survive?
Keeping the firm alive through the probes and lawsuits will be a monumental job

Commentary: There's No Positive Spin on This One, Mr. Lindsey

The Fallout for Bush and Congress
How the Enron disaster will color a string of policy debates

Accounting in Crisis
Reform is urgent. Here's what needs to be done

Europe's Bean Counters Are Sneering
Enron is fueling a global duel over rules

DAILY BRIEFING (1/30/02)
The Right Way to Blow the Whistle
Insiders who go public with company dirt often pay "a terrible price." Enron's Sherron Watkins may start a different legacy

DAILY BRIEFING (2/1/02)
Pushing Accounting into the Info Age
Barry C. Melancon, head of the profession's trade group, talks about the far-reaching post-Enron changes that need to be made

SPECIAL REPORT (2/4/02 ISSUE)
After Enron, Bracing for a Backlash
Business may be subjected to a new wave of regulation

SPECIAL REPORT (2/4/02 ISSUE)
The Fine Print: How to Read Those Key Footnotes
A new periodic series will guide you through accounting issues

SPECIAL REPORT (2/11/02 ISSUE)
Jeff Skilling: Enron's Missing Man
The CEO who created its in-your-face culture has been largely absent from the inquiry

NEWS: ANALYSIS & COMMENTARY (2/11/02 ISSUE)
A Viewer's Guide to the Enron Hearings
The ones to watch for revelations, entertainment, or just some quality shut-eye

NEWS: ANALYSIS & COMMENTARY (2/11/02 ISSUE)
Commentary: Paying for the Sins of Enron


DAILY BRIEFING (2/12/02)
Enron Directors: Unfit to Serve Anywhere?
The AFL-CIO is beating the drum to get the members of this tarnished group permanently banned from other companies' boards

DAILY BRIEFING (2/15/02)
Harvey Pitt on Disclosure Overhaul
The SEC chief says the commission will enact far-reaching new rules -- soon -- to "minimize the chances of another Enron"

NEWS: ANALYSIS & COMMENTARY (2/18/02 ISSUE)
Unleashing the Watchdogs
Audit boards are trying to show teeth. It won't be easy

NEWS: ANALYSIS & COMMENTARY (2/18/02 ISSUE)
GE: More Disclosure, Please
Investors eye GE Capital's numbers in the wake of Enron

COVER STORY (2/25/02 ISSUE)
The Betrayed Investor
Americans bought into the idea that stocks could only make them richer. Then the market bubble burst -- and then came Enron

NEWS: ANALYSIS & COMMENTARY (2/25/02 ISSUE)
Enron's Fish Story
Was Mariner a "tool for earnings management"?

MANAGEMENT (2/25/02 ISSUE)
At Enron, "The Environment Was Ripe for Abuse"
The energy company's unrelenting stress on growth and its absence of controls helped push execs into unethical behavior

INTERNATIONAL BUSINESS (2/25/02 ISSUE)
In Europe, the Search Is On for Other Enrons
Investor pressure may force a huge telecom write-off

NEWS: ANALYSIS & COMMENTARY (3/4/02 ISSUE)
Corporate America Gets Slammed
Investors are telling companies that creative accounting will no longer fly

NEWS: ANALYSIS & COMMENTARY (3/4/02 ISSUE)
Tax Dodging: Enron Isn't Alone
Plenty of companies pay little or nothing

FINANCE (3/4/02 ISSUE)
Commentary: Et Tu, Enron Lawyers?
Conflicts of interest may not be illegal, but they're unsettling

COVER STORY (3/25/02 ISSUE)
The Reluctant Reformer
Will SEC Chairman Harvey Pitt crack down on corporate abuses?

DAILY BRIEFING (4/11/02)
Corporate Ethics: Right Makes Might
Avoiding scandal isn't the only reason to observe a stringent code of conduct. Doing the right thing also generates more tangible dividends

FINANCE (5/13/02 ISSUE)
Commentary: Why Andersen Is Making a Last Stand
Video Views
Crisis of Confidence
The Enron effect is spooking the broad market, but BW's Gene Marcial still sees positive underpinnings

Picking Up After Enron
The blame from the energy giant's flameout is so widespread, new rules are called for, says BW's Bruce Nussbaum

GAAP's Black Eye
BW's Bob Dowling on why the Enron debacle is a significant block to efforts to spread U.S. accounting rules around the world

Related Items
Advisory Boards: Influence for Hire?
Enron wasn't alone. Plenty of companies dispense large sums to the well-known and well-connected, often for very little work (Daily Briefing, 1/24/02)

Investors' New Worry: "Auditor Risk"
Before buying a stock, these days you better consider which accounting firm is doing the company's books (Daily Briefing, 1/25/02)

Time for Bush to Tell All about Enron
Only by detailing every single one of its contacts with the energy-trader can the White House put the suspicions to rest (Daily Briefing, 1/28/02)

An Abrupt About-Face by Accountants
Their trade group will no longer oppose new rules that would force a separation of consulting and auditing for the same client (Daily Briefing, 1/31/02)

Enron: Where Are America's CEOs?
So far, they're thunderously silent -- a big mistake that could create a backlash among investors, the public, and lawmakers (Daily Briefing, 2/5/02)

"Enronitis": A Disease -- and a Cure
Fear that the accounting plague will spread is sparking a much-needed correction -- and forcing investors to look closer at company books (Daily Briefing, 2/6/02)

Can UBS Tame Enron's Wild Traders?
That's the key question facing the Swiss bank as it prepares to take over the Texas company's energy-trading business (Daily Briefing, 2/6/02)

When Good Deeds Are Bad News
Corporate donations to organizations with ties to a company's directors ought to be publicly disclosed to avoid conflict-of-interest charges (Daily Briefing, 2/7/02)

Let the Enron Games Begin!
In these Olympics, Jeff Skilling skates away, Arthur Andersen glides over irregularities, and Andy Fastow takes a two-fer gold (Daily Briefing, 2/8/02)

Enron Shareholder Suits? Not So Fast
Champions of securities-litigation reform should have been more careful about the law they managed to get passed in 1995 (Daily Briefing, 2/11/02)

Mr. Lay Goes to Washington
As expected, Enron's former boss didn't talk at a Capitol Hill hearing. His Senate inquisitors, also as expected, wouldn't shut up (Daily Briefing, 2/13/02)

Accounting Courses Get a Makeover
The profession is working with schools to revamp undergraduate programs, to restore the craft's allure -- and to avoid future Enrons (Daily Briefing, 2/13/02)

His Job: Defending Jeffrey Skilling
Bruce Hiler is the former Enron CEO's lawyer, and he insists "nobody is getting this right in terms of basic, fundamental facts" (Daily Briefing, 2/15/02)

PwC: Sharing the Hot Seat with Andersen?
PricewaterhouseCoopers' dual role at Enron and its controversial debt-shielding partnerships has congressional probers asking questions (Daily Briefing, 2/15/02)

Paul O'Neill on the Enron Cleanup
Says the Treasury Secretary: "While we may need to do some repair work, I don't believe that our system is broken" (Daily Briefing, 2/15/02)

How to Make the Enron Gang Pay
Execs who ruin companies need to suffer at least as much as the employees whose hopes and retirement funds they pillaged (Daily Briefing, 2/21/02)


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