Jan 17, 2017
Citigroup's Enron-related loans passed by [risk manager Dave] Bushnell for approval. … In memos, he sugarcoated the … Enron transactions. An unabashed description of what was going on might have been "We're making this up, and if anyone finds out, we're in big trouble." Bushnell's version was that the "accounting is aggressive and a franchise risk to us if there is publicity."
Rick Bookstaber, A Demon of Our Own Design
#Enron#Worldcom#accounting#fraud#finance#Dave Bushnell#Rick Bookstaber#Salomon Brothers#Citiroup#Bernie Ebbers#Salomon Smith Barney#Travelers#Travelers Bank#Jack Grubman#honesty#moral uprightness#truth#accounting fraud#corporate#corporations#the law#franchise#risk#publicity#grey area#moral gray area#ethics#English major#Amherst college#college