The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
Page 75
345, 352, 379, 380, 387–88, 397, 403–4, 409, 413–14, 416, 420
bonuses demanded by, 397–98, 409
energy, see energy traders, energy
trading
natural gas, see natural gas, traders and trading in
power, see power traders, trading
Tranen, Jeffrey, 267
Transco Energy, 7–10, 46
Transportada del Sur, 74
transportation contracts, 38
Transwestern, 387
Traveler’s Insurance Group, 162
Treasury bonds, 157
Treasury Department, U.S., 385
Tunisia, 252
Turkey, 75, 158
TXU Europe, 227
Tyco, xxiv, 182, 413
UBS Warburg, 348, 409
Union Pacific Railroad, 69, 100
United Arab Emirates, 260–62
United Kingdom, 48, 222, 225, 249
Universal, 297
University of Colorado-Boulder, 425
upgrades, 237
Urquhart, John, xvi, 53, 96
U.S. Attorney, Enron Oil investigated by, 24
USFilter, 248, 256
utilities, 35, 36, 37, 38, 39
as monopolies, 172, 176–77
open-access rules for, 107
Valhalla, N.Y., 15, 17
Vance, Seth, 380
Vanguard, 319
Vaughn, Wendy, 422
venture-capital investments, 127, 190
video-on-demand (VOD), 188, 287–88, 291–99
Vietnam, 74, 77
Vietnam War, 5, 45, 51
Vinson & Elkins, 94, 123, 166, 168, 199, 305, 328, 356–58, 360–61, 384–85, 410, 416
Vivendi, 113, 247–49, 254
Wakeham, Lord John, xvi, 48, 50, 96
Walker, Charls, xvi, 13, 87, 96, 146
Walker, Pinkney, xvi, 5, 6, 7, 13, 87
Walker, Rick, xvii, 116, 200–202, 310
Wall Street Journal, 13, 159, 246, 258, 281, 319, 349–50, 360, 364, 370–71, 409, 420
Wal-Mart, 5
Walton, Sam, 5
Wasaff, George, 119
Wasden, Chris, xvi, 251, 254, 256
Washington, D.C., 5, 6, 9, 33, 86, 172–73, 265, 367, 419
Washington State Electric Commission, 221
Waste Management accounting scandal, 145, 147, 381
water business, 113, 260
water industry, 247
water trading, 290
Watkins, Sherron, xvi, 131, 140, 354–62, 366, 383, 384–85, 408
Watson, Chuck, xvii, 221, 241, 280, 391–92, 395–97, 399–403, 409–410
weather derivatives, 225, 388, 396
Weil, Jonathan, xvii, 319–20
Weil Gotshal & Manges, 390, 405
Weingarten, Jack, 134–35, 364–65
Weingarten, Lea, see Fastow, Lea
Weingarten, Lillianne, 365
Weingarten, Michael, 135, 365
Weingarten family, 134–35, 138, 168
Weingarten Realty Investors, 134
Welch, Jack, 46, 230
Wende, Steve, 385
Wessex, 113, 246, 247–55, 257, 258
West LB, 164
West Point, 7, 45, 51, 214
Wetmore, Kathy, 166
Weyerhaeuser, 202
Whalley, Greg, xvi, 214–20, 223–26, 228, 236, 264, 269, 283, 301, 302–3, 333, 334, 337–38, 352, 357, 395
background and personality of, 214–15
as COO, 359–60, 361, 373, 377, 378–79, 384, 387–91, 397–99, 401–2
performance reviews of, 215
at UBS Warburg, 409
as wholesale CEO, 228
When Genius Failed, 219
White, Mark, 423
White, Tom, xvi, 51, 54, 73, 75, 76, 301, 302
at EES, 175, 178
White House, xxii, 87
Whitewing, 155–56, 160, 169, 236, 249, 259, 261, 293, 354, 400
wholesale power, 172
wholesale trading, 304, 322, 333, 369
Wilmer, Cutler & Pickering, 390
wind farms, 166–67, 174, 365
wind projects, 264
Wing, John, xvi, 8, 11, 44–54, 75–76, 78, 81, 99, 103, 111
character and personality of, 44–45, 51
departure of, 54, 70, 73
earnings of, 46–47, 48, 52–53, 54, 138
Lay and, 47–48, 52–54, 73
Mark’s relationship with, 44, 45, 52, 70, 73, 75
Teesside project of, see Teesside power project
Wing, Karen, 52
Wing Group, 54, 75–76
Winokur, Herbert (Pug), xvi, 13, 199, 250, 366
Winter Park, Fla., 7, 8
Winters, Robert, 321
wire fraud, 276
Woodhead, Michael, 136
Woodlands, Tex., 44
World Bank, 81, 88, 247
WorldCom, xxiv, 332, 413
World Trade Center, 363
World Wrestling Federation, 298
Worth, 313
Woychik, Eric, 266
Woytek, David, xvi, 17, 19, 21
Wright, Mike, 5
Wyatt, Mary, 119–29
Yaeger, Anne, xv, 196–97, 204, 311
Yemen, 74
Yergin, Dan, 83
Yoder, Christian, 276, 277
Yosemite, 312
Zell, Sam, 390
Zephyrus, 157
Zisman, Stuart, 308–9
Zond, 166–67
Table of Contents
About the Author
Title Page
Dedication
Copyright
FOREWORD
AUTHORS’ NOTES AND ACKNOWLEDGMENTS
CONTENTS
CAST OF CHARACTERS
OUR VALUES
INTRODUCTION
CHAPTER 1: Lunch on a Silver Platter
CHAPTER 2: “Please Keep Making Us Millions”
CHAPTER 3: “We Were the Apostles”
CHAPTER 4: The First Prima Donna
CHAPTER 5: Guys with Spikes
CHAPTER 6: The Empress of Energy
CHAPTER 7: The 15 Percent Solution
CHAPTER 8: A Recipe for Disaster
CHAPTER 9: The Klieg-Light Syndrome
CHAPTER 10: The Hotel Kenneth-Lay-a
CHAPTER 11: Andy Fastow’s Secrets
CHAPTER 12: The Big Enchilada
CHAPTER 13: “An Unnatural Act”
CHAPTER 14: The Beating Heart of Enron
CHAPTER 15: Everybody Loves Enron
CHAPTER 16: When Pigs Could Fly
CHAPTER 17: Gaming California
CHAPTER 18: Bandwidth Hog
CHAPTER 19: “Ask Why, Asshole”
CHAPTER 20: “I Want to Resign”
CHAPTER 21: The $45 Million Question
CHAPTER 22: “We Have No Cash!”
CHAPTER 23: The Pursuit of Justice
AFTERWORD
INDEX