Roger Lowenstein Quotes
A Year Earlier, No Company Had Been Accorded More Faith Than Enron; By Late November, None Was Trusted Less. And So, A Gasping Gurgle, A Desperate SOS: Enron, The Emblem Of Free Markets, The Champion Of Deregulation, Reached Into Its Depleted Treasury And Forked Over $100,000 To Each Of The Major Political Parties' Campaign War Chests. Then, It Shuttered Its Online Trading Unit - Its Erstwhile Gem. On November 28, Standard & Poor's Downgraded Enron To Junk-bond Level - Which Triggered Provisions In Enron's Debt Requiring It To Immediately Repay Billions Of Its Obligations. This It Could Not Do. Its Stock Was Seventy Cents And Falling, And, Now, No Gatekeepers And No Credit Remained. Accordingly, In The First Week Of December, Enron, The Archetype Of Shareholder Value, Availed Itself Of The Time-honored Protection For Those Who Have Lost Their Credit: Bankruptcy.
Related Authors
- Angelo Tropea
- Herman Friele
- Itzhak Beery
- J.R. Morton
- John Elder Robison
- John L. Balderston
- Lillian Lee
- Mo'Nique
- Seraphim Rose
- Skip Allums
- W.B. McKay
- William Esrey
Related Topics
-
Auntie Anne's Quotes
Why didn't I know about this, Gideon?" Lady Augusta demanded, clearly aggrieved at not being first with the news. "And what Welsh aunt is this?" "Auntie Angharad," Gideon informed her — Anne Gracie
-
Cheating Your Boyfriend Quotes
Then, as we ascend into the fifth and final act of the show, we can choose what we want to take back with us: a piece of our underworld self — Tori Amos
-
Second Pick Quotes
As long as you are forced to be a woman first instead of a person, by default, you need to be a feminist. That's it. Men are people, women are — Alexandra Petri
-
Single All My Life Quotes
Charles de Foucauld, the found of the Little Brothers of Jesus, wrote a single sentence that's ahad a profound impact on my life. He said, "The one thing we owe — Brennan Manning
-
Tyre Quotes
The outsiders stood always in awe in front of what they had surnamed the Celestial City with Mighty Walls. The great mystery that cloaked its very foundations kept impelling the — Karim El Koussa