Jeffrey

Rep. Henry Waxman (D-CA) has obtained videotapes that he said show former CEO Jeffrey K. Skilling was aware of accounting problems at Enron Corp. at least ten months before he resigned from the company in August 2001 — a claim he denied when he testified before a House subcommittee earlier this month.

The “new” Enron Corp. will be a smaller company, based on hard assets with predictable revenue and cash flow, its new interim CEO said in his first press conference Wednesday night in Houston. He also was emphatic in talking about what caused the Fortune 100 company to go under so quickly. “I frankly don’t care,” said Stephen Cooper.

A former Enron Corp. employee, laid off in August 2001 shortly after former CEO Jeffrey Skilling resigned, claimed in an internal memo sent three weeks after she left the company that Enron Energy Services (EES) moved “huge” losses into its money-making Enron Wholesale Services unit to appear more substantial. The allegations, reported Thursday by the Houston Chronicle, were made last Aug. 28 in a memo to former Chairman Kenneth Lay and the board of directors.

Enron Corp. said its board has accepted the resignation of Jeffrey K. Skilling, CEO and president. Kenneth L. Lay, currently chairman, will assume the additional responsibilities of president and resume his function as CEO. He has agreed to extend his employment agreement with the company through the end of 2005 to ensure a smooth transition. Skilling will continue to serve as a consultant to Enron and its board.

While speaking about the ongoing energy crisis in California on Friday at the Commonwealth Club of California in San Francisco, Enron CEO Jeffrey Skilling was hit in the face with a pie from a protester who was then quickly removed from the building. Skilling reportedly unphased, wiped the pie from his face and commented “People in California are angry, and they should be.” He then continued on with his speech, blaming California’s regulators for the energy crisis in the state. Enron, along with numerous other energy companies have come under the spotlight after recent accusations made by Gov. Gray Davis and state officials implied that the companies forced electricity prices higher by holding back supply.

Using his own company’s experience as a model, Enron CEO Jeffrey K. Skilling predicted last week that more businesses would become “de-integrated” in the future, creating new markets. Skilling, who was keynote speaker at the Las Vegas’ Strategic Directions 2001, also used his well-known wit to lampoon the California energy crisis following his presentation.

Using his own company’s experience as a model, Enron CEO Jeffrey K. Skilling predicted this week that more businesses would become “de-integrated” in the future, creating new markets. Skilling, who was keynote speaker at the Las Vegas’ Strategic Directions 2001, also used his well-known wit to lampoon the California energy crisis following his presentation.

Prefacing an hour-long discussion with investors on Friday,Enron Corp. COO Jeffrey Skilling said the rumors about theHouston-based energy giant, which have sent the company’s stockspiraling to a 52-week low, are mostly “noise,” with no basis infact. Skilling, who said his comments would be “short and sweet,”reiterated more than once that business from all four sectors is in”great shape.”

Prefacing an hour-long discussion with investors on Friday, Enron Corp. COO Jeffrey Skilling said the rumors about the Houston-based energy giant, which have sent the company’s stock spiraling to a 52-week low, are mostly “noise,” with no basis in fact. Skilling, who said his comments would be “short and sweet,” reiterated more than once that business from all four sectors is in “great shape.”