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Unformatted text preview: This ideology, in conjunction with the aggressive energy trading system helped make Enron the biggest wholesaler of gas and electricity, with $27 billion traded in a quarter. (Wilkipedia) Just before Skilling’s resignation, he began to act strangely with the public. I fact, In April 2001, he verbally attacked Wall Street Analyst and notorious short seller Richard Grubman, who requested for the third time the balance sheet with the earnings statement. Jeff Skilling had explained to Grubman three times (in three consecutive quarters) that Enron did not publish the two statements concurrently. When Grubman complained that Enron was the only company that could not release a balance sheet along with its earnings statements, Skilling replied "Well, thank you very much, we appreciate that . . . asshole." (Wilkipedia)...
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This note was uploaded on 08/28/2010 for the course ACCT 101 taught by Professor Tuttle during the Spring '09 term at San Diego.
- Spring '09