News
Watkins says many kept quiet about Enron woes
Published: February 14, 2002
WASHINGTON (AP) Enron executive Sherron Watkins said Thursday it was common knowledge at the company that partnerships were used improperly to hide debt and inflate profits but chairman Kenneth Lay was duped into acceptance and others were intimidated into silence. Watkins, who wrote Lay a memo in August warning that Enron could collapse and later urged him to