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Search results for "Ken Lay" ...
This series shows how recorded telephone conversations between Enron energy traders link top officials to the now-famous fraudulent activities. The tapes also revealed the company's close connection to the Bush campaign.
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.
Bloomberg Markets explains -- in minute detail -- how Enron executives worked all the angles in making Enron one of the most sought after stocks in the last few years.