screamingSushi

This is a timeline of events leading up to the Enron trial. These are notes from a fantastic lecture in Nov 06 at Lingnan College, Sun Yat-sen University by the lead government prosecutors.

安然公司的核心商业部门
运输和流通(管道)
批发(贸易)
EES (能源零售)
EBS (宽带)
Before the Fall: Enron Appeared to Redefine American Business
陨落之前:安然的出现重新定义了美国商业
Formed in 1985– Ken Lay becomes CEO and Chairman
成立于1985年, 肯尼斯.雷(Ken Lay )担任CEO和主席
Skilling ascends to CEO (2000) and promotes “asset-lite” plan with focus on trading and new business; Skilling seeks “dot-com luster” for Enron
斯基林(Skilling)于2000年升任公司CEO并推动 ““asset-lite” 计划,将公司发展重点放在贸易和新业务领域;斯基林为安然寻找 “dot-com luster” .
No. 7 on 2001 Fortune 500
2001年被评为财富世界500强的第7名.
“Most Innovative” US company
美国”最具创新精神公司”
Lay, Skilling, Fastow praised by business press
雷,斯基林和法斯托(Fastow)受到商业新闻媒体的诸多赞誉.
Increasing Scrutiny
日渐增多的详细审查
Forbes article criticizes Enron accounting
福布斯的一篇文章批评安然公司的会计
Skilling resigns August 14, 2002, cites “personal reasons”
斯基林于2002年8月14日宣布因个人原因辞职.
Lay takes over as CEO
雷重新担任CEO
8/15/02: Watkins memorandum
8/15/02: 沃特金斯备忘录
Lay attempts to allay market concerns
雷企图减少市场的关注
A Few of the Public Disclosures
公众揭发
October 16: Enron reports a $618 Q3 loss and discloses in analyst call a $1.2 billion reduction in shareholder equity
10月16日:安然报告了其一笔6亿1800万美元的亏损并在分析师电话会议里透露股东净权益减少了12亿美元.
October 22: Enron discloses SEC inquiry
10月22日:安然透露美国证券交易委员会的调查
October 23: Enron analyst call goes badly; Lay expresses confidence in Fastow
10月23日:分析师对安然召开的分析师电话会议反应糟糕;雷表达了对法斯托的信心.
October 24: Fastow resigns
10月24日:法斯托辞职.
November 9: Enron announces $567 million overstatement of earnings over 5 years
11月9日:安然宣布在过去的5年内虚报5亿6700万美元的收入.
Bankruptcy – 12/2/03
03年12月2日—破产
Potential merger with Dynegy collapses
与Dynegy公司可能的合并计划失败.
Bankruptcy precipitated by the drop of bond rating to junk status
由于债券评级下跌到垃圾级,破产突然发生了.
Biggest bankruptcy at time in US history
美国历史上最大的破产案.
Over 200,000 employees lost their jobs
超过20万名的雇员失业.
Pension funds become worthless
养老金基金变得一钱不值.
Indictment: Earnings Manipulation
起诉:盈利操纵
Structuring financial transactions in a misleading manner to achieve earnings objectives
以误导方式的构建金融交易以完成盈利目标.
Overvaluing assets
对资产进行过高估价
Concealing large losses and failures in Enron’s two high-growth businesses
掩盖巨额损失和安然的两个高增长业务的失败
Misusing reserve accounts to achieve earnings goals
滥用储备帐户以完成盈利目标
Making false and misleading statements
进行虚假和误导性陈述.