John Emshwiller
speaker
265 appearances
1 recordings
1 series
first heard Oct 2021
last heard Oct 2021
John Emshwiller’s voice in public audio — every appearance, attributed to the second.
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Appearances
But one thing was clear, and it stunned me.
The partnerships had been run and partly owned by a senior executive of Enron.
Didn't take me long to think, conflict of interest.
It raised the possibility that a senior executive of Enron might be making money for himself and his partners at the expense of his employer and its shareholders.
It seemed to me, at the very least, an outrageous arrangement.
Rebecca agreed.
At first, I suspected the unnamed executive running the partnerships might be former CEO Jeff Skilling.
After all, that person had just quit the partnerships, according to the SEC filing, and Skilling had just quit the company.
I hurriedly called Palmer again.
He was essentially the only source I had at Enron.
Palmer said the partnerships were fully disclosed and completely above board.
Palmer said the partnerships simply provided outside capital that helped the company.
It was the company line.
Ken Lay told us the same thing in a subsequent interview.
During that call, Palmer told me the executive who had headed those partnerships wasn't Skilling.
It was Enron's chief financial officer, Andy Fastow, who was still working at Enron.
It was the first time I'd ever heard Fastow's name.
It would hardly be the last.
Now, to be clear, Mark Palmer was never accused of wrongdoing by authorities, but he suspected something was up with these partnerships.
Many months later, he confided to me that he sensed people inside Enron were concerned.
Showing 181–200 of 265 · page 10 of 14
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