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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Enron Has Link to Global Crossing. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Enron Has Link to Global Crossing
by Jeremy at 6:43 am EDT, May 20, 2002

Enron and Global Crossing used a complex deal brokered by a third company to sidestep accounting rules in a March 2001 transaction that was designed to help Global Crossing disguise a loan and allow each company to book revenue. ... The details shed light on the way Enron and Global Crossing operated in the formerly frenetic market for trading high-speed communications capacity.

Scapegoat says: "We were told to buy a bag of goods and to sell a bag of goods. It's earnings management."

Didn't we know this already? And where can you get a degree in earnings management?


 
 
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