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1it was acquired as part of Verizon’s acquisition of MCIhttps://www.theguardian.com/technology/2005/feb/15/business.worldcomThe GuardianDavid Teather
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2a company that had previously merged with WorldComhttps://ideas.repec.org/h/spr/mgmchp/978-3-030-02363-8_26.htmlRepec IdeasB. Rajesh Kumar
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3WorldCom renamed itself to after bankruptcyhttps://www.verizon.com/about/sites/default/files/worldcom/index.html#:~:text=About%20WorldCom,Long%20Distance%20Discount%20Service%2C%20Inc.Verizon
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4subject of multiple filmshttps://en.wikipedia.org/wiki/Enron:_The_Smartest_Guys_in_the_RoomWikipedia
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5even a Broadway production https://en.wikipedia.org/wiki/Enron_(play)Wikipedia
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6Unable to fend it off by itself, HNG merged with InterNorth, with the combined corporation renamed Enron.https://www.govinfo.gov/content/pkg/GPO-CPRT-JCS-3-03/pdf/GPO-CPRT-JCS-3-03-1-5-2-2.pdfGovinfo.gov
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7deep political connections with the Bush familyhttps://www.democracynow.org/2006/5/26/enron_the_bush_connectionDemocracy NowAMY GOODMAN
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8co-chaired George H. W. Bush’s failed 1992 re-election campaignhttps://www.cbsnews.com/news/bush-edges-away-from-kenny-boy/CBS NewsUncredited
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9“there was no company in America closer to George W. Bush than Enron.”https://abcnews.go.com/Politics/story?id=121269&page=1ABC NewsUncredited
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10introduced the practice of stack-rankinghttps://time.com/archive/6903801/rank-and-fire-2/TimeJohn Greenwald
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11The Shareholder Supremacy from last yearhttps://www.wheresyoured.at/tss/Where's Your Ed AtEd Zitron
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12incentivized to get the highest possible price for that commodityhttps://www.latimes.com/archives/la-xpm-2002-may-09-fi-scheme9-story.htmlLA TimesTHOMAS S. MULLIGAN
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13In one taped phone conversation released after the company’s collapsehttps://www.theguardian.com/business/2005/feb/05/enron.usnewsThe GuardianJulian Borger
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14for PG&E, which entered Chapter 11 bankruptcy that year;https://investor.pgecorp.com/news-events/press-releases/press-release-details/2001/Pacific-Gas-And-Electric-Company-Files-For-Chapter-11-Reorganization/default.aspxPG&E
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15was pushed to the brink of bankruptcy as a result.https://www.latimes.com/archives/la-xpm-2005-jul-16-fi-enron16-story.htmlLA TimesJonathan Peterson
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16the company adopting mark-to-market accounting practices in 1991. https://www.lse.ac.uk/study-at-lse/executive-education/insights/articles/from-enron-to-here-on-in-unravelling-the-mysteries-of-financial-reporting-and-valuationLSE Dr Maria Correia and Dr Stefano Cascino
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17 Enron sold a stake in four electricity-generating barges in Nigeria (essentially floating power stations) to Merrill Lynch,https://www.nytimes.com/2002/10/04/business/1999-transaction-with-enron-keeps-dogging-merrill-lynch.htmlNew York TimesKurt Eichenwald
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18Merrill Lynch quickly sold back to a Special Purpose Vehicle called “LJM2”https://www.justice.gov/archive/opa/pr/2003/October/03_crm_569.htmJustice Department
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19participated in the deal were eventually convicted of conspiracy and fraud charges http://news.bbc.co.uk/1/hi/business/3117488.stmBBCUncredited
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20convictions were later quashed on appeal. https://www.wsj.com/articles/BL-LB-3598WSJpeter'
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21wanted to be able to trade and control the supply of bandwidth, just like it did with other more conventional commodities (like oil and gas). https://www.wired.com/2001/11/enron-a-bandwidth-bloodbath/WiredJoanna Glasner
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22known as LJM, named after the first initial of Andy Fastow’s wife and two childrenhttps://theflaw.org/articles/the-mighty-men-enron/The FlawJessica Graham
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23Arthur Andersen surrendered its license in 2002, bringing an end to the companyhttps://www.latimes.com/archives/la-xpm-2002-aug-31-fi-andersen31-story.htmlLA TimesKAREN ROBINSON-JACOBS
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24using that as a measure of weight, and not figuratively https://www.marketwatch.com/story/andersen-shredded-tons-of-enron-documents-doj-saysMarketWatchMatt Andrejczak & Nicole Maestri,
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25documents as Enron started to implodehttps://www.latimes.com/archives/la-xpm-2002-may-14-fi-andersen14-story.htmlLA TimesJEFF LEEDS
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26with Kenneth Lay telling employees weeks before the company’s collapsehttps://finance.yahoo.com/news/company-fundamentally-sound-weeks-enron-193726771.htmlBenzingaAdrian Volenik
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27per the terms of the Enron pension plan, employees were prevented from shifting their holdings into other pension funds, or other investments, until they turned 50. https://www.hsgac.senate.gov/media/reps/retirement-insecurity-401k-crisis-at-enron/Senate
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28had his entire retirement tied up in 14,000 Enron shareshttps://www.businessinsider.com/10-years-later-what-happened-to-the-former-employees-of-enron-2011-12Business InsiderUncredited
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29convicted of four counts of fraud and making false statementshttp://news.bbc.co.uk/1/hi/business/5017298.stmBBCUncredited
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30died on a skiing vacation to Aspen before sentencing. May he burn in Hell.https://www.theguardian.com/business/2006/jul/06/usnews.enronThe GuardianAndrew Clark
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31was released to a halfway house in 2018https://www.texasmonthly.com/news-politics/jeff-skilling-enron-return/Texas MonthlyMimi Swartz
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32one venture combining energy trading and, I kid you not, blockchain technologyhttps://qz.com/1581430/enrons-jeffrey-skilling-is-prepping-a-blockchain-comebackQuartzMatthew De Silva
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33one of manipulation of financial statements, and one of self-dealinghttps://www.justice.gov/archive/enron/exhibit/03-07/BBC-0001/Images/EXH025-01766.PDFJustice Department
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34later reduced to six years, including two years of probationhttp://news.bbc.co.uk/1/hi/business/5380394.stmBBCUncredited
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35a tech investor in an AI company, KeenCorphttps://www.theatlantic.com/magazine/archive/2018/09/the-secrets-in-your-inbox/565745/The AtlanticFrank Partnoy
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36received twelve months for conspiracy to commit wire fraud and money launderinghttp://news.bbc.co.uk/1/hi/business/3887831.stmBBCUncredited
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37She was released from custody in July, 2005https://eu.starnewsonline.com/story/news/2005/07/09/lea-fastow-freed-from-prison/30787840007/Wilmington StarNewsUncredited
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38Back in February 2023, I wrote about The Rot Economyhttps://www.wheresyoured.at/the-rot-economy/Where's Your Ed AtEd Zitron
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39Back in June 2024, I wrote about the Rot-Com Bubble,https://www.wheresyoured.at/rotcombubble/Where's Your Ed AtEd Zitron
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40other than make nearly $100 million a yearhttps://www.cnbc.com/2025/10/21/microsoft-ceo-satya-nadellas-total-comp-rises-to-96point5-million.htmlCNBCSalvador Rodriguez
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41“thoughtful leader with striking humility”https://www.wired.com/story/microsofts-satya-nadella-is-betting-everything-on-ai/WiredSteven Levy
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42even Notepad, a place that no human being would want ithttps://support.microsoft.com/en-us/windows/enhance-your-writing-with-ai-in-notepad-4088b954-c97b-46dc-813f-959be01746d5Microsoft
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43accelerating capital expenditures from $28 billion across the entirey of FY 2023 to $34.9 billion in its latest quarter.https://www.tradingview.com/news/tradingview:be7e8e875c85b:0-key-facts-microsoft-s-q1-capex-hits-34-9b-356b-planned-for-2023/TradingView
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44as ServiceNow CEO did back in 2022,https://www.theinformation.com/articles/bots-bust-servicenows-bill-mcdermott-makes-bet-aiThe InformationAkash Pasricha
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45To quote Bender and Hanna, AI is a “marketing termhttps://www.theguardian.com/books/2025/may/19/the-ai-con-by-emily-m-bender-and-alex-hanna-review-debunking-myths-of-the-ai-revolutionThe GuardianSteven Poole
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