Erasing Enron

Awards 2004

The moment many Enron creditors had been waiting forcame last month: JeffreySkilling, Enron’s former chief executive, was formally indicted of securitiesfraud, insider trading and other crimes (see box p. 50). What’s more, Enron’sonce powerful business could soon be pared down to two independent components – aUS pipeline business (CrossCountry Energy) and a collection of internationalpower plant assets and other energy assets (Prisma Energy International) thathave failed to attract decent bids.

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