Enron executive Sherron Watkins resigns after scandal memos
Watkins, Enron vice president for corporate development, resigns 15 months after warning Lay that accounting could implode. She plans to start a compliance consulting business and wrote a book on Enron’s demise while continuing ethics talks.
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Lawsuit Accuses AOL Time Warner of Real Estate Scheme
The California State Teachers' Retirement System files a shareholder suit expanding allegations against Homestore Inc and its partners. It claims AOL Time Warner and Cendant aided a web of deals that inflated Homestore revenues by 192.6 million in 2000 and 2001, with at least four AOL executives named. The suit seeks accountability for roughly 1 billion in shareholder losses.
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Fierce competition for daycare
New York parents race to secure top nursery school admissions as 2 and 3 year olds vie for few prized spots. legacies and affiliations boost odds while some families pay consultants and offer lavish incentives. officials insist admissions hinge on merit and diversity, not donations.
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