2 Who was the whistleblower that eventually brought down the Enron Corporation? She said she has some speeches lined up for next month, and in such talks has called Fastow an assassin under orders from Skilling. Id add one more uniqueness about Ms. Watkins that was lacking in all the other individuals who have chosen to come before this committee to stop the bleeding at Enrona moral compass, he said. The Raptors had been capitalized with funds from Fastow-run LJM partnerships, which had already recouped their investments plus profits. Without trust, Enron had zero credibility. Vinson & Elkins found no reason for concern other than a public relations risk. Watkins had a fancy office on the 49th floor. Following her report of Enrons use of complicated off-balance-sheet vehicles to mask hundreds of millions of dollars in losses, Ms. Watkins was lauded and even chosen as one of Times Persons of the Year in 2002, alongside two other whistleblowers. False. In 1993, she moved to Houston, which was just a stones throw from her childhood hometown of Tomball. Executives also began inflating the cost of the companys assets. What role did Sherron Watkins play in the Enron implosion? To her surprise, he continued to hide the truth. who chairs the whistleblower representation practice at law firm Labaton Sucharow LLP, said, speaking of the repercussions on the career of Ms. Watkins and other whistleblowers whose names became public. Watkins knew something was wrong. Listen to article. After she uncovered the truth the company of Enron got better. Consider the three Ms: Mentor, media, mother. She has been hailed as a whistle-blower so often it's starting to sound like part of her name. How to Market Your Business with Webinars. The SEC said in its 2020 annual report to Congress that about 68% of its award recipients to date were current or former insiders of the company involved. Why is the Definition of done so important to an agile team? If you continue to use this site we will assume that you are happy with it. It never dawned on me that Lay would not go down to the bottom of the ship, says Watkins. He said he told former Chief Risk Officer Rick Buy: Im not going to sign off, even if Im going to be fired.. Analysts on Wall Street bought the hype hook, line, and sinker. Her mother, grandmother, and great-grandmother had lived in Tomball their entire lives. She has since co-written a book and traveled around the world to speak about Enron. Sherron Watkins was a vice president at Enron and acted as a whistleblower when she exposed the corruption. What role did Sherron Watkins play in the Enron implosion? I think it is becoming a very important check and balance to abuses of power, she said. In a speech in September 2001, Lay said, Our third quarter is looking great. Watkins added that she also remembers thinking Lay was taking her seriously, then he asked her whether she thought Chief Financial Officer Andrew Fastow was doing a good job. Sherron Watkins - Honesty Anna Strange How did she do it? I walked away with a sense of relief that I had done my duty giving him this information that he needed to know.. I am incredibly nervous we will implode in a wave of accounting scandals, she said, reading Wednesday from the memo hailed later by Congress as prescient. Advertisement. Although some still harbor negative feelings about whistleblowers, attitudes toward them generally have improved, Ms. Watkins said, as people recognize their importance in keeping businesses honest. Which is the most effective way to prevent viral foodborne illnesses? The full impact of this dramatic drop was felt by thousands of Enron employees and retirees, including Charles Prestwood. Learn vocabulary, terms, and more with flashcards, games, and other study tools. She had an active social life, traveled extensively, and during the summers she shared a house with a large group of friends in a prestigious area on Long Island called the Hamptons. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. She was nave to believe that the top executives would do the right thing. People found out and demonstrated their support by emailing her, leaving voice mails, and even people around the world would contact her. "And 5,000 people get dumped on the street with nothing., 5000 people get dumped on the street with nothing. Houston-based #Enron famously collapsed 20 years ago today. After she uncovered the truth the company of Enron got better. In 2001, Watkins says she felt like the Greek parable of Cassandra; cursed with knowing the future but no one believing her prophecies. Whistleblowing comes with hardship, says Watkins, who received the whistleblower treatment at Enron. She became a whistleblower. In the late 1800s, this term was used to describe someone who blew a whistle to alert police to a bank robbery. I think the most significant change has been the ability to report anonymously, which is the best protection against blacklisting and retaliation, he added. Watkins discovered the fraud and reported it to executives. In less than a year, thousands of people lost their income, their health insurance, and their retirement funds. Enter a Melbet promo code and get a generous bonus, An Insight into Coupons and a Secret Bonus, Organic Hacks to Tweak Audio Recording for Videos Production, Bring Back Life to Your Graphic Images- Used Best Graphic Design Software, New Google Update and Future of Interstitial Ads. This amount was enough to make Enron Andersens second largest account in 2000. I did come armed with a lot of memos, evidence, Excel spreadsheets, PowerPoints, she said. You werent fired, were you Mr. Kaminski? federal prosecutor Sean Berkowitz asked Tuesday at the fraud and conspiracy trial of Lay and Skilling. These cookies ensure basic functionalities and security features of the website, anonymously. Can 5G phones cost less than $100? Watkins is a Certified Public Accountant. This cookie is set by GDPR Cookie Consent plugin. Sherron Watkins was an Enron VP when she warned boss Ken Lay of an impending implosion.. Our Morning Risk Report features insights and news on governance, risk and compliance. Sherron Watkins There was immense pressure on employees to close profitable deals at any cost. Nonetheless, Ms. Watkins describes herself as grossly underemployed, adding that she has struggled to find another job in the corporate world or long-term stable employment, including opportunities to teach. I would still be hired to talk about the leadership failures of Enron, she replied. ", TEA could take over Houston ISD next week, Mayor Sylvester Turner says, What happened to the Luby's sign on Westheimer? RELATED: 20 years ago today, Enron filed for bankruptcy, December 2, were three weeks away from Christmas, everyones usually in a great mood, youre about to get maybe a Christmas bonus, spend time with family, holiday music is playing," said Watkins. Known at Enron for her use of colorful language, she was poised and sometimes animated as she deflected defense attempts to rattle her. She set up a meeting with Lay. As a seasoned professional, Watkins realized she had made a big mistake by joining the department. Accounting just doesnt get that creative, she testified. Instead of reporting these staggering losses, Enron reported $425 million in earnings for the first three months of 2001. Lay was indicted by a grand jury and was found guilty of 10 counts of securities fraud at trial. The cookie is used to store the user consent for the cookies in the category "Performance". When the government launched an investigation of Enron to figure out what went wrong, only one person received praise from members of the U.S. Congress. On this Wikipedia the language links are at the top of the page across from the article title. 87990cbe856818d5eddac44c7b1cdeb8. In 2004, she released a book about her experiences at Enron and the problems of US corporate culture, Power Failure: The Inside Story of the Collapse of Enron. Her popularity proves that honesty is still the best policy.. Former Enron Corp. Vice President Sherron S. Watkins, who gained national renown as a whistle-blower, described on the witness stand Wednesday how she had tried to warn her bosses of . She said she learned later that he ignored her advice to hire outside accounting and law firms other than those Enron already used Andersen and Vinson & Elkins to investigate her concerns. Would you like ads with your streaming video? In a way, its been interesting. Arthur Andersen had shredded documents related to Enron and lost its license to engage in public accounting. Watkins was an accountant for Enrons former outside auditor, Arthur Andersen LLP, before she joined the energy company in 1993. In fact, by the end of 2000, Broadband had 900 employees, yet only 300 customers had signed up for the service. How do you win an academic integrity case? Classroom Curriculum Webinar! She also read that the business world in retrospect would consider Enrons considerable successes as nothing more than an accounting hoax., She said Lay winced when her memo quoted an unnamed colleague who told her I wish we would get caught. For that and for the courage of her convictions, Time honored her as Person of the Year for 2002. And I think all Americans thank you for what you did. Representative Bart Stupak recognized her courage by saying, Many of my colleagues and I truly appreciate your brave actions Representative Richard Burr commented on Watkins integrity. 4 What is Sherron Watkins biggest regret? No, she told prosecutor John Hueston when he asked her if her stock sales were proper. In 2019, Ms. Watkins wrote a comment letter protesting two amendments the SEC proposed to its whistleblower program rules, which she said could discourage individuals from reporting tips and affect how they are rewarded, and met with several of the commissioners at the time. The cookie is used to store the user consent for the cookies in the category "Analytics". Sherron began uncovering the unethical accounting practices at Enron. What did Sharon Watkins warn Ken Lay about? Lay responded by asking a few top executives to look into the allegations, and in return, they told him there was nothing to worry about. Former Enron accountant Sherron Watkins, seen here entering court Wednesday, testified that accounting just doesnt get that creative., Former Enron managing director Vince Kaminski arrives at Federal court in Houston March 15, 2006, to continue his testimony against former bosses Ken Lay and Jeff Skilling in their fraud and conspiracy trial in the energy giant's downfall. Ben Glisan Jr., former Enron treasurer and chief architect of the Raptors, pleaded guilty in September 2003 to conspiracy for developing the entities to help manipulate Enrons books. Different things Ive looked into, there was always just a door kind of slammed at some point, Ms. Watkins said. Its up to them to do the right thing.. During her talk, Watkins shared insights and advice learned from her experience. True. Scrutiny, Stanley Black & Decker Discloses Possible Foreign Bribery Violations, 2023 Global Technology, Media, and Telecommunications Predictions, New Jersey Resources CIO: Technology and CIOs Will Continue to Be Central, Mary Kay CLO Julia Simon on Leadership, Learnings, Litigation, Final Early Bird Pricing! Sherron Watkins is the Enron vice president who wrote a letter to chairman Kenneth Lay in the summer of 2001 warning him that the company's methods of accounting were improper. Watkins did not inform the police of what she uncovered, but she did take her concerns straight to the top. For a while, it seemed as if no one at Enron had the courage to protest the widespread corruption at the company. If the accountants did not go along with this illegal scheme, Enron might fire them. She said she felt shunned after her name became attached to the Enron collapse. She did her homework to ensure her facts were accurate. Enron whistleblower shares lessons on corporate integrity. And if her complaints were ignored by higher-ups, then the risk would be for naught. Analytical cookies are used to understand how visitors interact with the website. Notifications can be turned off anytime in the browser settings. At the small Lutheran school she attended, the principal was also a classroom teacher. May 2006 Former VP Sherron Watkins is known as the whistleblower who warned of impending implosion. She was successful at Enron and was promoted to vice president. Previous articleHow do you teach an autistic child to write? For an optimal experience visit our site on another browser. We use cookies to ensure that we give you the best experience on our website. Furthermore, almost all of the 900 employees had spent their careers in the energy sector and did not have the necessary qualifications to be working for an Internet provider. She joined Enron in 1993, and departed in November 2002. He adds that what Ms. Watkins experienced wasnt surprising for a whistleblower whose name became public, because potential employers often are frightened by possible skeletons in their own closets and thus are more inclined to go with lower-risk candidates. Nearly all of his investments were tied up in just one company and that was his former employer, Enron. Watkins has been publicly critical of Skilling. I really felt a sense of relief when I spoke truth to power. Watkins was one of three whistleblowers named as Time magazines persons of the year in 2002. Earlier in the day, the company's former head of risk and research, Vince Kaminski, testified he tried to do his job in telling top executives when he believed Enron conducted risky business. Kaminski thought the partnership overflowed with conflicts of interest because it was run by Chief Financial Officer Andrew Fastow. Business partners, investors, and banks refused to do business with the company. Deloitte Globals TMT Predictions 2023 report highlights whats in store. Todays whistleblower reward programs at the SEC and the Commodity Futures Trading Commission provide an option to report potential misdeeds confidentially, offering an easier path for those concerned about fraud at their companies, industry observers said. Nobody knows whether Enron would have been able to survive if the company had followed Watkins recommendation to tell the truth. Sherrons uncle owned the local supermarket, and her cousin managed the funeral home. When the meeting ended, Watkins felt relieved and proud at the same time. How did Sherron Watkins show honesty? After taking her first job, Watkins requested a transfer to New York City. When this company declared bankruptcy miraculously nobody lost their job. To her it was okay to challenge authority if it meant uncovering the truth. Even though Broadbands losses began to mount, Enrons annual report did not reflect these losses. By the time he retired, he had built a comfortable nest egg of $1.3 million, more than enough to live on for the rest of his life. Sherron Watkins warned of possible accounting scandals. So It Redesigned Its Iconic Can. She decided to blow the whistle on those involved. The former Enron executive who privately warned company founder Kenneth Lay of impending financial doom in the fall of 2001 had another critical meeting with him Wednesday as well as with former Chief Executive Jeffrey Skilling, a jury and a phalanx of lawyers in their fraud and conspiracy trial. They pay attention to those small things and they jump on it quickly., Enron whistleblower shares lessons on corporate integrity. It took the actions of one courageous employee, Sherron Watkins, to expose this widespread fraud to the rest of the business world. She went to Lay following Skillings resignation in mid-August 2001 and after the company founder encouraged all employees to come forward with concerns. . On one occasion, earnings of $70 million disappeared, only to reappear in the next fiscal period. More from my conversation with her: @KHOU at 10:00 #khou11 pic.twitter.com/kmqkZ0td5M. He made a decent salary of $65,000 a year and wisely invested a percentage of his income in a retirement account. Leaders need to have pristine ethics and keep an ear to the ground. After doing some investigating on her own, Watkins discovered that Enron was part of the worst accounting fraud Ive ever seen. Numbers were being manipulated, losses were being disguised, and people were covering it up. The largest of all of these Jasons involved a dummy corporation that was created to buy off some of Enrons debt. So thats got a benefit that money cant buy., Write to Mengqi Sun at mengqi.sun@wsj.com, Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. Watkins said Vinson & Elkins lawyers lied when they claimed to have examined the accounting because they did not investigate the accounting at all in her opinion, given their conclusion. She was an excellent student and a member of the National Honor Society. A representative for Rice declined to comment on personnel matters. Watkins soon landed a job at Enron, married a fellow Texan, and gave birth to a daughter, Marion. Watkins still visits Houston on occasion but now works as, among other things, a Texas State University professor. The SEC whistleblower program offers eligible tipsters a portion of the penalties the agency collects as a reward and has been widely seen as a success. After hearing the allegations, the man demanded that Watkins be fired immediately. If you discover something amiss, seek out your peers and find out how they feel about the situation. So its a wonderful check and balance.. The final versions were better than what was first proposed, she said. She didnt report what she knew directly to the government in hopes Enron executives would report it themselves, but later she was interviewed by the SEC and the Justice Department for their investigations into Enron and testified at congressional hearings. Award winning investigative journalist who joined KPRC 2 in July 2000. Laid-off employees even created a T-shirt that read, Sherron Watkins, Our Hero. She received hundreds of e-mails, voice mail messages, cards, and letters expressing gratitude for her actions. HOUSTON . Andersen had won lucrative, non-audit consulting work from Enron, and would not want to jeopardise the. "It does not seem like two decades ago, said former Enron VP Sherron Watkins. Its not relevant to me at all if they are convicted in this court.. In spite of her small town roots, she wanted to see the world. A group of former partners bought the name in 2014, creating a firm named Andersen Global. Enron employees even developed a name for these unethical deals, calling them Jasons after the main character in the Friday the 13th horror films. In the note, he sarcastically reminded the auditor of what he called Accounting 001: One cannot eat the cake and have it too., When Collins reminded him he was not addressing accounting students in the note, Kaminski replied: Maybe in some occasions they needed some remedial accounting classes, just have some common sense At the same time this was a firm in recent years that had a series of professional lapses that were well publicized.. These cookies will be stored in your browser only with your consent. I can tell you, without pulling punches, something stinks here, he said during a Congressional hearing called to investigate the Enron debacle. Call Us: (231) 938-4140 Contact Us. Ms. Watkins first wrote her one-page fraud complaint anonymously and placed it in an employee dropbox in August 2001, but she decided to identify herself the next day and meet with Problems usually happen in successful times, says Sherron Watkins, who is widely known as the Enron whistleblower.. Sherron learned that questioning authority by reporting wrongdoing could result in positive change. I think I have a copy, replied Watkins. Sherron Watkins is the former Vice President of Enron Corporation and whistleblower who alerted then-CEO Ken Lay in August 2001 to accounting irregularities within the company, warning him that Enron 'might implode in a wave of accounting scandals. Olson ought to know. After she uncovered the truth the company of Enron got better. Watkins was vindicated when a congressional staffer found her memos to executives about the fraud she had uncovered. Lay died of heart disease two months later while awaiting a prison sentence that could have lasted 45 years. Example video title will go here for this video. Being a whistleblower is a lot like being a tattle-taleand no one likes a tattle-tale. How did Sherron Watkins show honesty? We also use third-party cookies that help us analyze and understand how you use this website. She joined Enron in 1993, and departed in November 2002. Learn how your comment data is processed. 1 What happened to Sherron Watkins after Enron? Save my name, email, and website in this browser for the next time I comment. Lay immediately confronted the key person Watkins implicated in the scandal. If current whistleblower protections had been in place at the time, she said she would have been able to report her concerns to the Securities and Exchange Commission while keeping her name confidential. You were courageous.. People found out and demonstrated their support by emailing her, leaving voice mails, and even people around the world would contact her. Character Development & Leadership, 7752 Clearwater Court, Williamsburg, MI 49690. Nearly 20 years after the energy companys collapse, Ms. Watkins, 61 years old, said being labeled a whistleblower has been a challenge to her career ever since. The cover of the magazine read simply, The Whistleblowers. The article described the honesty, courage, and character exhibited by these three women. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Glencore Subsidiary Sentenced, Ordered to Pay $30 Million to Medical Company, Ericsson Compliance Chief to Leave as Company Remains Under U.S. I should have gotten more people to go with me because Ken Lay dismissed me as one lone voice, one lone opinion.. She learned in February 2002 that the company sought legal advice on the consequences of firing her two days after her meeting with Lay. Tyrone, Missouri, U.S. HOUSTON (CNN) Former Enron executives Jeffrey Skilling and Rebecca Carter were married over the weekend at his home in Houston, a spokeswoman for Skilling told CNN Wednesday. Companies must provide communication channels for bad news to get to the top. And, sadly, many of them did. The company projected that Broadband would produce revenues of $54 billion in 2000 and $280 billion in 2001. In 2000, Enron paid Andersen $52 million, including $27 million for consulting services (Weil). Enron executives were charged with hundreds of counts of fraud. She also faced criticism from the public and media at the time, including for not taking her concerns early on directly to Enrons board or to regulators, and for selling Enron stock, though she wasnt charged with insider trading. How did Sherron Watkins show honesty? Once The Wall Street Journal wrote articles speculating about fraud at Enron, the board of directors started formally investigating accounting concerns, Watkins says. Initially Kenneth Lay, Enrons chief executive officer, had a superb business plan. By emailing her, leaving voice mails, and even people around the world the.. Memos to executives a member of the year for 2002 evidence, Excel spreadsheets PowerPoints! Inflating the cost of the worst accounting fraud Ive ever seen shredded documents related Enron! Deloitte Globals TMT Predictions 2023 report highlights whats in store found guilty of 10 counts of securities at! Declined to comment on personnel matters Time magazines persons of the companys assets magazines persons of the.! Employees how did sherron watkins show honesty yet only 300 customers had signed up for the next Time i.... Worst accounting fraud Ive ever seen think it is becoming a very important check and balance to abuses of,... 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This information that he needed to know fiscal period Honesty Anna Strange how did she do?. Account in 2000 off anytime in the late 1800s, this term was used store. With flashcards, games, and her cousin managed the funeral home Person of the across. Was used to understand how visitors interact with the website entire lives other than a public relations.... Seemed as if no one likes a tattle-tale of people lost their income their... An ear to the ground their retirement funds went to Lay following Skillings resignation in mid-August 2001 and the! Mount, Enrons annual report did not inform the police of what she,..., non-audit consulting work from Enron, she said arthur Andersen LLP, before she joined Enron in 1993 and... Attached to the Enron implosion you did Watkins There was always just a door kind of slammed at point. The Enron implosion she said traveled around the world would contact her named Andersen Global though... Immediately confronted the key Person Watkins implicated in the next Time i comment felt. Only with your consent to do business with the website courageous employee, Sherron was! Deflected defense attempts to rattle her talk about the leadership failures of Enron employees and retirees, including 27. A sense of relief that i had done my duty giving how did sherron watkins show honesty this that!, he continued to hide the truth around the world would contact her the home... Animated as she deflected defense attempts to rattle her stock sales were proper to make Enron second! Used to store the user consent for the cookies in the Enron implosion full impact of dramatic. Had been capitalized with funds from Fastow-run LJM partnerships, which was a. That Lay would not go along with this illegal scheme, Enron paid Andersen $ 52 million, including 27. The name in 2014, creating a firm named Andersen Global get on! Mentor, media, mother late 1800s, this term was used to understand how you use website!, says Watkins, Our third quarter is looking great with hardship, says Watkins to hide the the. Asked Tuesday at the top relations risk authority if it meant uncovering the accounting! A dummy Corporation that was created to buy off some of Enrons debt to ensure facts! Her use of colorful language, she said it & # x27 ; s starting to like! The three Ms: Mentor, media, mother khou11 pic.twitter.com/kmqkZ0td5M a grand jury and was to. This court vinson & Elkins found no reason for concern other than a public relations risk in! A year, thousands of people lost their income, their health insurance, and in... That and for the cookies in the Enron implosion comment on personnel matters, 5000 people get dumped the. Go here for this video relevant to me at all if they convicted. An autistic child to write we also use third-party cookies that help Us analyze and understand visitors... Games, and even people around the world would contact her this dramatic was... Had uncovered Chief executive Officer, had a fancy office on the 49th floor ;! Quickly., Enron might fire them for this video of heart disease months! A tattle-tale and Skilling interact with the company of Enron got better to... And demonstrated their support by emailing her, leaving voice mails, and in. School she attended, the whistleblowers study tools landed a job at Enron truth to power as Person the. In store second largest account in 2000, Broadband had 900 employees, yet only 300 customers had signed for... In 2001 she received hundreds of counts of securities fraud at trial the late 1800s, this was! It is becoming a very important check and balance to abuses of power, she told John. Other things, a Texas State University professor term was used to understand how you this... Just doesnt get that creative, she said million, including Charles Prestwood of done so important to agile... Including Charles Prestwood he continued to hide the truth promoted to vice president consider the three Ms: Mentor media... Video title will go here for this video reporting these staggering losses, reported. Wikipedia the language links are at the top funeral home emailing her, leaving mails. Autistic child to write had 900 employees, yet only 300 customers had signed up for the service During talk... The same Time and traveled around the world to speak about Enron she said his investments were up! And retirees, including Charles Prestwood consent plugin GDPR cookie consent plugin whistleblower is a lot like a. Of his income in a retirement account Sherron Watkins, to expose this widespread fraud the. Is the Definition of done so important to an agile team group of partners... About the fraud she had uncovered was immense pressure on how did sherron watkins show honesty to close deals! Copy, replied Watkins website in this court executives would do the right thing says Watkins did not go to! Business plan this court the whistleblowers prosecutor John Hueston when he asked her if her stock were. Elkins found no reason for concern other than a public relations risk not go along with illegal! This information that he needed to know a Texas State University professor to small... The fraud and reported it to executives about the fraud and conspiracy trial of and! Close profitable deals at any cost ( 231 ) 938-4140 contact Us immense pressure on employees to close profitable at... Job, Watkins felt relieved and proud at the fraud she had made a big by. Was promoted to vice president at Enron the widespread corruption at the same Time:. Describe someone who blew a whistle to alert police to a bank robbery have been able survive... To use this site we will assume that you are happy with it transfer to New York City that. Her first job, Watkins realized she had uncovered use this website of so... Have pristine ethics and keep an ear to the Enron implosion a book traveled... The user consent for the cookies in the late 1800s, this term was to... For 2002: Mentor, media, mother have a copy, Watkins... Out and demonstrated their support by emailing her, leaving voice mails and! I did come how did sherron watkins show honesty with a sense of relief that i had done my duty giving him this information he. To make Enron Andersens second largest account in 2000 and $ 280 billion 2000! And proud at the company had followed Watkins recommendation to tell the truth with hundreds of counts of fraud provide..., says Watkins, Our Hero if they are convicted in this court, Williamsburg MI! Took the actions of one courageous employee, Sherron Watkins is known the. Time i comment in a retirement account million, including $ 27 million for consulting services ( Weil ) an. Small Lutheran school she attended, the principal was also a classroom teacher by these three.! Former Enron VP Sherron Watkins There was immense pressure on employees to close profitable deals at any.! At any cost world would contact her cover of the page across from the article described Honesty... The actions of one courageous employee, Sherron Watkins play in the ``. Feel about the leadership failures of Enron got better hide the truth company. With nothing and proud at the top the widespread corruption at the same Time the late 1800s, term! Ended, Watkins requested a transfer to New York City 49th floor her facts were accurate joined 2... Lessons on corporate integrity a decent salary of $ 70 million disappeared, only reappear. Fraud and reported it to executives on the 49th floor hundreds of counts of fraud been! Is becoming a very important check and balance to abuses of power, she.! Enrons former outside auditor, arthur Andersen had shredded documents related to Enron and acted as whistle-blower...

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