Colext/Macondo
Cantina virtual de los COLombianos en el EXTerior
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Doncarrapito, sumerbustecito se preguntaba el otro d�a acerca de ENRON.
Antes de leer el comentario que sigue (de buena fuente), quiero solamente
( y para d�rmelas de esc�ptico) que nos acordemos que ENRON Europa est�
"vivito y coliando" y que todos los ENRONenses en el tope, por m�s que
crujan los dientes, hicieron bastantes centavitos con esta bancarrota
arreglada. Dentro de cinco a�os estar�n otra vez, muertos pero de risa, los
''mesmos con las mesmas''  Prosigamos entonces con el obituario, seg�n Nick
Cohen.

==================

Australian markets will be on tenterhooks this week as the extent of
fallout from the Enron Corp debacle begins to crystallise.  Australia's
big four banks have already admitted they face a $675 million blowout in
bad debts
 ========

by Nick Cohen  Observer (London) Sunday December 2, 2001
http://www.guardian.co.uk/Archive/Article/0,4273,4311540,00.html
= Enron, the Elvis of the corporate world, really is dead =

The  collapse  of  Enron  in what looks like being one of the greatest
corporate  bankruptcies  in  history  should  be  a  moment to console
unemployed  workers.  Sympathy  for  the  victims  will  not, however,
prevent full-throated 'yippees!' being heard around the world.
Earlier  this  year I nominated the Houston energy corporation for the
hotly  contested  title  of  World's  Worst  Corporation. The angriest
protester  could  not  have  invented a firm that better connected the
greed  of the First World to the exploitation of the Third; the groovy
PR of the new economy to lamentable service in the real one.
Enron  bankrolled  Indian  politicians who allowed it to build a power
station  at Dhobal near Bombay. Electricity prices tripled. The police
beatings  of  protesters  were  so brutal, Enron became the subject of
Amnesty's only report on a corporation rather than a dictator.
In  America,  Enron  financed both Republicans and Democrats. Bush was
impressed and took the advice of Kenneth Lay, Enron's chief executive.
They agreed that what the US needed was fewer regulations, even though
Enron  was  one  of  the  deregulated companies bringing power cuts to
California.
As  in  the  US,  so in the UK. Enron was a contributor to New Labour,
which  allowed  Enron  to take over Wessex Water (prices shot up by 34
per  cent)  and gave Lord Wakeham, a Tory Energy Minister, a boardroom
seat.
With  all  this  protection,  Lay  and  his  colleagues must have been
managers of exceptional incompetence to bust their company. Its demise
is  a  blow  for the business journalists who drooled over Enron while
ignoring  the  paybacks  and  violence.  The Economist and Wall Street
Journal  gave loyal service, but they were outdone by Fortune magazine
which wrote:
'Imagine  a  country-club  dinner  dance,  with  a bunch of old fogeys
shuffling  around  half-heartedly. Suddenly young Elvis comes crashing
through  the skylight. Half the waltzers faint, a very few decide they
like  what they hear, tap their feet, start grabbing new partners, and
suddenly  are  rocking to a very different tune. In the staid world of
regulated  utilities and energy companies, Enron is that gate-crashing
Elvis.'
There  are  sad  saps  who  believe Elvis lives. No one will make that
mistake about Enron.



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