This is an impressive presentation. Sherron Watkins is the sister of my sister-in-law, Julie. Julie is married to one of my older brothers, John. Sherron refers to the higher ups bailing/cashing out before the calapse of Enron. Sherron bailed out, too, before Enron hit rock bottom, so she came out quite well. She did wait and wait, but when she saw the inevitable glaring her smack in the face, she sold what she had invested in Enron. P.S. Sherron told me that Andy Fastow morphed from a very affable person into a predator, a shark. She began to fear that he would harm her and her family.
I see he's on the speaking tours now too, Fastow. I just watched a bit of him on UA-cam and he appears, speaks, so nice and benign, it's as if butter wouldn't melt in his mouth.
This was good. The movie and book ‘Smartest Guys in the Room’ are great. Two questions I would have asked - 1) do you regret having worked at Enron? And 2) what led from being ‘anonymous’ (her first memo) to being not anonymous? I’ve never heard what transpired between those two circumstances.
@@jf13579 Maybe this is a very amateurish question, but even with that kind of information avaliable, how do you distinguish a legitimate sale of stock (people can be interested in getting out for many reasons) from something that smells of fraudulent practices and the like?
The processes and coolade (inside and outside) of Enron and the characters, basically, just all transferred over to, and reincarnated themselves into Theranos. De ja vu all over again.
Very late response I know, but I see a bit of a difference in that Enron after all had some practices that were good, and ideas that could and did work, but that excessive greed and lack of morals made the thing derail in a terrible fashion and deteriorate into fraud and that whole mess. But Theranos was really a fraudulent business all the way from the start, it never had anything that could even remotely appear to be legitimate.
She didn’t blow the whistle,she bought it up internally and yes was demoted but carried on working there for over 2 years and retained her job even while people 5000 unknowing innocent employees were losing there jobs around her,she states it was a Congressional staffer that found her INTERNAL memos and leaked them to the press. She was Vice President of this company....she never told anyone anything outside the company,kept taking the pay,now telling people to blow the whistle.....she is compliant...
Adrian Hyde she thought it was being investigated and through her demotion she was no longer in the know, so she had no idea as to the status of the internal investigation. What was she supposed to do?
Yt Yt She didn’t think it was being investigated at all No She isn’t a whistle blower. She carried on working there You appear desperate to make a woman a hero. Usually they aren’t She loves the title hero she isn’t Get over it
They did wanted to fired her when she brought up the accounting issue...which opened a can of worms because she could sue them for unfair termination and if this went the legal route, they have to prove what she claimed was not true.
@@PungiFungi Maybe they did want to fire her but they didn't did they ! My point is that she isn't and never was the whistle blower and stayed for 2 years taking the pay,her internal only memos were found and leaked by a Congressional staffer, if they had of fired her then she would of told what she knew after selling her free stock in Enron of course. She is applauded for doing nothing. 👏👏👏 and you and a lot of people need to look up Whistleblower in the dictionary.
It’s an interesting point. She kept it internal, somewhat of an internal whistleblower and hoping the key peeps do the right thing. She thought (it seems) that if they came clean, rather than being publicly exposed, they would come out better. But to her credit once the bleep all did hit the fan, she didn’t back down or cover up. It’s a mixed bag. This was a good presentation and good Q&A. One final question I would have asked - Do you regret having worked at Enron?
What does it profit a man…. “ You know “the words. Better to be an honest poor man than a crooked rich man. There is nothing better than a clean conscience and nothing worse than a guilty conscience. P.S. In either cause the answer is Jesus. He can get us out of the pit that we have thrown ourselves into.
This is an impressive presentation. Sherron Watkins is the sister of my sister-in-law, Julie. Julie is married to one of my older brothers, John. Sherron refers to the higher ups bailing/cashing out before the calapse of Enron. Sherron bailed out, too, before Enron hit rock bottom, so she came out quite well. She did wait and wait, but when she saw the inevitable glaring her smack in the face, she sold what she had invested in Enron.
P.S. Sherron told me that Andy Fastow morphed from a very affable person into a predator, a shark. She began to fear that he would harm her and her family.
I see he's on the speaking tours now too, Fastow. I just watched a bit of him on UA-cam and he appears, speaks, so nice and benign, it's as if butter wouldn't melt in his mouth.
In other words, crime pays.
This lady is a hero of our time. Here's hoping this generation looks up to her and emulate her ethics and actions.
Not quite...
you're an idiot, in your own time !
49:54 Ken Lay himself asks her a question!
This sounds so similar to Elizabeth Holmes and Theranos.
This was good. The movie and book ‘Smartest Guys in the Room’ are great.
Two questions I would have asked - 1) do you regret having worked at Enron? And 2) what led from being ‘anonymous’ (her first memo) to being not anonymous? I’ve never heard what transpired between those two circumstances.
29:30 is a really good point.
All stock option sales by Executive Officers should have to be published upon execution. Everyone would see management confidence in the company.
They are, and im pretty sure that was the case then as well. All that info is freely available on the SEC website.
That is the case. SEC Edgar database contains all of this information.
@@jf13579 Maybe this is a very amateurish question, but even with that kind of information avaliable, how do you distinguish a legitimate sale of stock (people can be interested in getting out for many reasons) from something that smells of fraudulent practices and the like?
The processes and coolade (inside and outside) of Enron and the characters, basically, just all transferred over to, and reincarnated themselves into Theranos. De ja vu all over again.
Very late response I know, but I see a bit of a difference in that Enron after all had some practices that were good, and ideas that could and did work, but that excessive greed and lack of morals made the thing derail in a terrible fashion and deteriorate into fraud and that whole mess. But Theranos was really a fraudulent business all the way from the start, it never had anything that could even remotely appear to be legitimate.
She didn’t blow the whistle,she bought it up internally and yes was demoted but carried on working there for over 2 years and retained her job even while people 5000 unknowing innocent employees were losing there jobs around her,she states it was a Congressional staffer that found her INTERNAL memos and leaked them to the press.
She was Vice President of this company....she never told anyone anything outside the company,kept taking the pay,now telling people to blow the whistle.....she is compliant...
Adrian Hyde she thought it was being investigated and through her demotion she was no longer in the know, so she had no idea as to the status of the internal investigation. What was she supposed to do?
Yt Yt She didn’t think it was being investigated at all
No She isn’t a whistle blower. She carried on working there
You appear desperate to make a woman a hero. Usually they aren’t
She loves the title hero she isn’t Get over it
They did wanted to fired her when she brought up the accounting issue...which opened a can of worms because she could sue them for unfair termination and if this went the legal route, they have to prove what she claimed was not true.
@@PungiFungi Maybe they did want to fire her but they didn't did they !
My point is that she isn't and never was the whistle blower and stayed for 2 years taking the pay,her internal only memos were found and leaked by a Congressional staffer,
if they had of fired her then she would of told what she knew after selling her free stock in Enron of course.
She is applauded for doing nothing. 👏👏👏 and you and a lot of people need to look up Whistleblower in the dictionary.
It’s an interesting point. She kept it internal, somewhat of an internal whistleblower and hoping the key peeps do the right thing. She thought (it seems) that if they came clean, rather than being publicly exposed, they would come out better. But to her credit once the bleep all did hit the fan, she didn’t back down or cover up. It’s a mixed bag. This was a good presentation and good Q&A.
One final question I would have asked - Do you regret having worked at Enron?
What does it profit a man…. “
You know “the words. Better to be an honest poor man than a crooked rich man. There is nothing better than a clean conscience and nothing worse than a guilty conscience.
P.S. In either cause the answer is Jesus. He can get us out of the pit that we have thrown ourselves into.
59:13 creepy af. So the bastard might have killed himself for the insurance and asset protection
So she knew the company was corrupt but kept working for them?! Yeah bitch, you're an angel!🙄🙄🙄🙄
That cross is disturbing
I listened to her for about 4:00 min, then I accepted her resignation ! Bye, crooked "E" lady !
Enron is not a lesson...its a scam..nothing to learn about
“Umm…. Umm ….Umm”
Enough already, very annoying.