1 / 13

Enron Bankruptcy December 2, 2001

FIGURE 2.1 GOVERNANCE REFORM TIMELINE. Public outrage grows, governance credibility falls. SEC Regulations Stock Exchange Guidance. WorldCom Restatement June 25, 2002; Bankruptcy July 21, 2002. Enron Bankruptcy December 2, 2001. Arthur Andersen Court Case Winter/Spring 2002.

nyx
Download Presentation

Enron Bankruptcy December 2, 2001

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. FIGURE 2.1 GOVERNANCE REFORM TIMELINE Public outrage grows, governance credibility falls SEC Regulations Stock Exchange Guidance WorldCom Restatement June 25, 2002; Bankruptcy July 21, 2002 Enron Bankruptcy December 2, 2001 Arthur Andersen Court Case Winter/Spring 2002 Sarbanes-Oxley Act Signed July 30, 2002

  2. FIGURE 2.2 ENRON STOCK CHART, WEEKLY PRICES, 1997–2002 Enron Corp. (last price N/A) $ 90.00 $ 80.00 $ 70.00 $ 60.00 $ 50.00 $ 40.00 $ 30.00 $ 20.00 $ 10.00 $ 0.00 US Dollars

  3. FIGURE 2.3 CHEWCO FINANCING, IN MILLIONS ENRON KOPPER & DODSON’s Company DODSON Companies $0.125 $11.4 $11.4Loan* JEDI $132RevolvingCredit BARCLAYS BANK PLC CHEWCO $240 Loan Sources Bank $251.4 Non-cash 132.0 Investors 0.1

  4. TABLE 2.1 ENRON’S KEY SPECIAL PURPOSE ENTITIES (SPEs)

  5. TABLE 2.2 PAYMENTS TO FASTOW & HELPERS

  6. TABLE 2.3 ENRON WHISTLE-BLOWERS

  7. TABLE 2.4 ENRON STOCK PROCEEDS, OCTOBER 1998 TO NOVEMBER 2001, OVER $30 MILLION

  8. FIGURE 2.4 ENRON’S GOVERNANCE AND CONTROL STRUCTUREWAS SHORT-CIRCUITED BOARD Ken Lay: Chair; Co-Chair ZZZ Committees: Audit and Compliance Compensation, Finance, Nominating Outside Law Firm FinancialReports SPEs Internal Audit … AA MANAGEMENT CEO: Lay, Skilling CFO: Fastow CAO: Causey CRO: Buy Others: Kopper, McMahon, Glisan Watkins, Kaminsky Whistle-blowers Company Policies Code of Conduct LEGEND MissingGuidance AUDITOR Arthur Andersen Missing Compliance Consultant: Arthur Andersen SuspendedGuidance

  9. TABLE 2.5 ENRON’S ACCOMPLICE BANKS’ LAWSUIT SETTLEMENTS

  10. TABLE 2.6 ENRON KEY EXECUTIVE INDICTMENTS

  11. TABLE 2.7 SELECTED ENRON FINANCIAL STATEMENT DETAILS

  12. TABLE 2.8 KEY CHANGES IN GOVERNANCE GUIDELINES AND REGULATIONS

  13. TABLE 2.9 ORGANIZATION OF THE SARBANES-OXLEY ACT of 2002

More Related