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Wednesday, October 23

Enron's Legacy

These few lines from DeVry's recent annual report caught my eye:

"The Company is not a party to any off-balance sheet financing or contingent payment arrangements nor are there any unconsolidated subsidiaries of the Company. There are no loans extended to any officer, director or other person affiliated with the Company. The Company has not entered into any synthetic leases and there are no residual purchase or value commitments related to any facility lease. The Company has not entered into any derivative, swap, futures contract, put, call, hedge, or non-exchange traded contract."

Which leads this shareholder to ask: That's all well and good, but do members of senior management floss daily?

Dear Departed Enron



Previous Entry >>> Saturday, October 19


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