Enron Corp. whistle-blower Sherron Watkins testified she knew things were getting bad at the company when ex-CEO Jeffrey Skilling resigned in August 2001. “He knows it, he knows it’s bad, and he’s getting out,” she told jurors as she testified Wednesday in the trial of Skilling and Enron founder Kenneth Lay.
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Enron Whistle-Blower, Two Others Picked as Time’s Persons of Year
Former Enron Corp. vice president Sherron Watkins, who warned then-Chairman Kenneth L. Lay in August 2001 that the energy trading company was about to “implode” in a wave of accounting irregularities, and two other whistle-blowers were named over the weekend as Time Magazine’s Persons of the Year. She will share the cover with WorldCom auditor Cynthia Cooper and FBI agent Coleen Rowley.
Vinson & Elkins Attorneys Defend Enron Investigation
The Vinson & Elkins investigation of Enron employee Sherron Watkins’ allegations of accounting improprieties was conducted by two of the law firm’s partners who had minimal accounting background and no help from associates or consulting accountants, testimony revealed last Thursday at a House Energy and Commerce subcommittee hearing.