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Enron and the press

Enron was also a failure of journalism

By Richard Lambert   March 2002

The signs were there for anyone who cared to look. The fact that Enron executives had for some time been selling their shares for all they were worth was public information. So were the company’s links with the obscure off-balance sheet partnerships that were subsequently to trigger its downfall.

The annual report for the year 2000 should have raised all kinds of questions: about the group’s cash flow, which was a lot less impressive than you might have expected; about conflicts of interests involving an unnamed senior executive who was also working for the off-balance sheet partnerships; about the sheer…

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