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To: wideawake
I'll accept the first flaw you point out but not the second. It was proven beyond a shadow of doubt that the Enron directors abused their power to falsify company records and therefore defrauded shareholders, knowing full well that they were going to drive the company into the ground. It was proven beyond a shadow of doubt that the reported "assets" and "profits" of Enron were inflated by the directors and in many cases, non-existent.

What the Enron executives didn't count on was that they would be exposed before they could fully cash out and that they would be held criminally liable for their actions in the same manner that a bank robber doesn't count on getting caught before they can get away with their money.

126 posted on 10/23/2006 3:43:24 PM PDT by SamAdams76 (The Program is Morally Good)
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To: SamAdams76
knowing full well that they were going to drive the company into the ground

Their intention was manifestly not to run the company into the ground - if that were the case they would not have had 95+% of their personal fortunes invested in Enron stock.

What they were hoping to do was to sell the inflated investment vehicles inside Enron off to other companies in order to boost Enron stock.

165 posted on 10/24/2006 5:49:17 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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