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Lawmakers Hit Enron Executives Over Trading and Collapse
Lawmakers accuse Enron executives of enriching themselves through inside trading and gimmicks as Enron spiraled to bankruptcy. Andersen defends auditing but acknowledges need for reform, while SEC seeks Fastow subpoena compliance. About $1 billion in executive stock sales contrasted with layoffs and looming merger unraveling into bankruptcy.
MENTIONED IN THIS ARTICLE
Washington
Enron Corp
Arthur Andersen LLP
Enron
Andersen
Congress
House Financial Services
Kenneth Lay
Lay
Securities and Exchange Commission
Enron and Andersen
Andrew Fastow
Fastow
SEC
New York
David Boies
Boies
Capital Markets Panel
Richard Baker
R-La
Baker