‘Death penalty’ for Enron. Enron, the bankrupt energy company, is barred from selling electricity, following a so-called ‘death penalty’ imposed by regulators. [BBC News | Business | World Edition]
I hope Enron dies a terrible death in Chapter 11. It has caused more economic turmoil through illegal means than any other in recent memory, if not in the history of the US. Its effects on power companies in CA are still being felt. Its illegal manipulation of such a vital portion of the economy should result in its utter and final removal from American business. But it will probably emerge and simply change its name. That is what another company fueled by fraud, Worldcom, is doing. Change the name and its is a whole new world. Just end it now.