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Resource ID: #19581
Subject: Lobbying
Source: Houston Press
Affiliation: 
Date: 2/7/02

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Description

Enron's collapse was famous for its accounting debacle and other business side errors. How did such a dishonest company rise to success in the first place? The answer is with a powerful combination of campaign money and political friends designed to create an environment friendly to Enron's style of business. CEO Ken Lay was a former lobbyist himself and knew the Beltway well. The result of their heavy political investment was deregulation in Congress and appointed local commissioners who were already friendly with the company.

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