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NaturalPedia > Enron
Quotes about Enron from the world's top natural health / natural living authors
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"Assumption: "Enron is regularly audited by one of the nation's largest accounting firms (Arthur Anderson). They can't have their books audited every year and pass those reviews if there is something amiss."
(3) Assumption: "A big corporation like enron must have a lot of smart guys who have it all figured out. They know what they are doing."
(4) Intimidation: "Who do you think you are? We have smart people here who have done their homework and know this business. You just don't understand."
Common reaction: "Who am I to question these experts?" - Dr. Timothy Scott, America Fooled: The Truth About Antidepressants, Antipsychotics and How We've Been Deceived (Get the book.)
| "Nontransparency is now the norm for commercially sponsored medical research in much the same way that it had become the norm in accounting and business practices in companies such as enron and Worldcom, and with much the same results—though the magnitude of the cost in dollars and health still remains a well-kept secret. Medical researchers must have access to all the results of their studies, perform their own analyses of the data, write up their own conclusions, and submit the report for publication to peer-reviewed medical journals." - John Abramson, Overdosed America: The Broken Promise of American Medicine (P.S.) (Get the book.)
| "They attacked enron...after Enron's dirty work was already fait accompli. They wrangled on and on about the Martha Stewart debacle. They discuss ad nauseum political pros and cons, intrigues and spectacles. Shoot, they even tackled the Catholic Church and Gay Marriage. But do you ever see them investigate the snake-pit that is "business as usual" corporate America?" - Brent Hoadley, Ph.D., Too Profitable to Cure (Get the book.)
| "At the close of the twentieth century enron was a corporate jewel in the Houston, Texas, skyline. An energy conglomerate employing more than 21,000 people in more than 40 countries, enron was the industry leader, growing at a staggering rate—a colossus feeding off new technologies, new markets, and innovation." - Ray Dodd, BeliefWorks: The Art of Living Your Dreams (Get the book.)
| "I will not mention, for example, that I was the winner of the prestigious enron Prize for Distinguished Public Service—awarded on November 1, 2001.... That was a month before enron filed the largest bankruptcy case in U.S. history ... and collapsed in a heap of corruption charges—and did I tell you that Ken Lay actually called me up? He wanted me to step in, like Long Term Capital Management, he said. Of course I didn't ... and of course I turned down the cash that went with it ... and that beastly little crystal trophy thing, too) ... yes ... where was I? Oh, yes." - William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.)
| "My expression here about the greed and power of enron and other large corporations and their influence on government predated the public exposition during 2002. On two occasions during 2000 I gave speeches in Houston and Montreal castigating Enron's role in bilking California's electricity consumers. I also pointed out how enron was perfectly positioned to lead the way into a hydrogen economy: they had the natural gas pipeline infrastructure which could accomodate hydrogen, and the capital to make the national conversion." - Brian O'Leary, Reinheriting the Earth: Awakening to Sustainable Solutions and Greater Truths (Get the book.)
| "They repeal rhe law to protect consumers from market manipulation, fraud, or abuse in the electricity sector (think enron and rolling blackouts in California). And they pass a provision that mandates, "A state may not impose a legal requirement relating to fuel economy ... A state law that seeks to reduce motor vehicle carbon dioxide emissions is both expressly and impliedly preempted."
Thanks to our leaders we are not even permitted to improve fuel efficiency by law. Does that seem upside-down to you?" - David H. Rippe, Jared Rosen, The Flip: Turn Your World Around (Get the book.)
| "By the arrival of spring in 2002, Enron's bankruptcy became the most spectacular corporate collapse in the history of business. As the walls came tumbling down, they revealed the worst of corporate greed, an avalanche triggered by lies and fear. Losses to investors, customers, and employees were shattering—so large that a shudder was felt throughout the global economy. In the aftermath of the collapse, criminal charges were leveled at the firm's top executives." - Ray Dodd, BeliefWorks: The Art of Living Your Dreams (Get the book.)
| "At one time, for example, enron was the seventh largest company in America, but as a result of massive fraud, the company evolved from blue-chip favorite to belly-up pariah in less than a year. And within 13 months of the 9/11 terrorist bombings, two airlines had filed for bankruptcy, while the rest of the industry racked up billions of dollars in losses.
With that in mind, most Americans will have little choice but to keep one ear to the ground. The Internet isn't the only research source, of course." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.)
| "An energy conglomerate employing more than 21,000 people in more than 40 countries, enron was the industry leader, growing at a staggering rate—a colossus feeding off new technologies, new markets, and innovation. Like most modern corporations it had a well-formulated mission statement defining its purpose (why the organization exists, what it is going to do, and how it will be done) along with a set of carefully selected core values (principles that guide people's actions and attitudes that uniquely affect an organization's culture)." - Ray Dodd, BeliefWorks: The Art of Living Your Dreams (Get the book.)
| "Perhaps the single most important lesson we can learn from the enron story is one which we all should see very clearly: Just because lots of experts agree, does not make it true. That lesson has great application as we discuss mind drugs.
Drug Companies' First Priority: Fool the Psychiatrists
There is a pecking order in the mental health profession. Psychiatrists (medical doctors who have completed a psychiatric residency after earning their MD degree) are on top. Psychologists are generally viewed as being next in line." - Dr. Timothy Scott, America Fooled: The Truth About Antidepressants, Antipsychotics and How We've Been Deceived (Get the book.)
"Bethany McLean and Peter Elkins's book The Smartest Guys in the Room5 makes it clear that there were at least four dynamics (aside from the greed and some carefully planned deceit by enron insiders) which kept almost everyone fooled right up until the end.
(1) Assumption: "Surely the company must be sound since the government's Securities and Exchange Commission (SEC) inspects the company's financial statements and requires regular quarterly reports that are made public for inspection by any consumer as well as the experts. If there were something wrong, we would all know it."
- Dr. Timothy Scott, America Fooled: The Truth About Antidepressants, Antipsychotics and How We've Been Deceived (Get the book.)
| "On two occasions during 2000 I gave speeches in Houston and Montreal castigating Enron's role in bilking California's electricity consumers. I also pointed out how enron was perfectly positioned to lead the way into a hydrogen economy: they had the natural gas pipeline infrastructure which could accomodate hydrogen, and the capital to make the national conversion. Each time, a middle manager from enron was in the audience, and each time they felt a bit guilty and wanted to set up a time for me to make a presentation to their top management, who ended up not granting me the appointment." - Brian O'Leary, Reinheriting the Earth: Awakening to Sustainable Solutions and Greater Truths (Get the book.)
| "Corporate crime and mismanagement (think enron, WorldCom, Halliburton) are driving many large institutional investors into supporting responsible practices. "Corporate irresponsibility," says analyst Cliff Fei-genbaum in Barron's, "did for social investing what Watergate did for politics" (Blumenthal 2003).
The World Is Becoming Uninsurable
¦mm Reinsurance companies offer insurance for insurers. That is, when we buy insurance policies, the companies we buy from also take out policies of their own, protecting themselves in case of some unforeseen disaster." - Alex Steffen, Worldchanging: A User's Guide for the 21st Century (Get the book.)
| "The conduct of the executives at enron was hardly an isolated incident. The startling gap between the values an organization proclaims and the actual behavior of its leaders has been exposed many times throughout history, and again in recent criminal proceedings against executives at some of the world's largest corporations.
Criminal indictments and statistics on white-collar crime are not the only yardsticks to measure the disconnect between stated corporate values and what really happens day to day in an organization." - Ray Dodd, BeliefWorks: The Art of Living Your Dreams (Get the book.)
| "Right: The enron scandal illustrated just how costly secretive and corrupt business practices can be. tends to pay back and make transformative change possible. Skeptical? Consider this: between 2003 and 2005, community-investment assets grew by 40 percent. gf
Transparency in Business
¦¦¦¦ How do we know if a company is behaving responsibly? If it is secretive, holds closed meetings, and carefully guards its books, we can't really know. Which is why one of the hottest trends in investing today is to demand corporate transparency." - Alex Steffen, Worldchanging: A User's Guide for the 21st Century (Get the book.)
| "Ken Lay, former CEO of enron, also was a member of the Lilly Board of Directors.
• Sidney Taurel, current CEO of Eli Lilly, serves on your Homeland Security board.
• Mitch Daniels, a former Lilly vice-president, served as Director of Management and Budget.
• The National Alliance for the Mentally 111 received significant funding from Lilly.
Other acts not directly related to Eli Lilly fog the picture of government and greedy pharmaceutical industry autonomy.
• Vast amounts of Cipro and other drugs were purchased by the U.S. government to counteract biological acts of terror." - Brent Hoadley, Ph.D., Too Profitable to Cure (Get the book.)
"Enron's dirty work was already fait accompli. They wrangled on and on about the Martha Stewart debacle. They discuss ad nauseum political pros and cons, intrigues and spectacles. Shoot, they even tackled the Catholic Church and Gay Marriage. But do you ever see them investigate the snake-pit that is "business as usual" corporate America? If they really attacked corporate crime, including pharmaceutical crime, exposing the corporate sharks for the criminals they are, these poor excuses for hard-hitting journalists would be nothing more than anal debris at the bottom of the corporate cesspool."
- Brent Hoadley, Ph.D., Too Profitable to Cure (Get the book.)
"The recent enron and WorldCom debacles have shown corporations' willingness to manipulate information in the quest for profits. The information manipulated by pharmaceuticals, however, can be of a life-and-death nature. Nevertheless, the vast number of personal injury lawsuits filed against pharmaceuticals serves as an indicator of just how truthful and forthright pharmaceuticals are in their dealings with the FDA.
When you consider that employees from industry and government are, over time, intermingled, the likelihood of unbiased evaluation is lessened."
- Brent Hoadley, Ph.D., Too Profitable to Cure (Get the book.)
| "Big Pharma is the new enron. But instead of playing with our electric bill, it's playing with our lives. It will do anything and say anything to maximize profits and power, and that includes actively preventing disease prevention. In fact, a failure to do so by the director of a Pharma corporation could be a breach of fiduciary responsibility to the stockholders. Corporations are contractually required to use every legal means necessary to maximize their own profits, and this is used as an excuse to rationalize selling out the health of the population." - Mike Adams, Natural Health Solutions (Get the book.)
"Conventional medicine is driven by business interests, pure and simple, and just like enron was willing to shut down power plants in California to create a demand crisis that generates obscene profits, drug companies are willing to do practically anything to make more money, regardless of who is harmed or killed in the process. Sound extreme? Read on to learn more about the conventional medicine stories that are too hot for the media.
Modern health care has no answers (and they're not really looking for answers)
Ever notice conventional medicine offers no cures?"
- Mike Adams, Natural Health Solutions (Get the book.)
| "Assumption: "A big corporation like enron must have a lot of smart guys who have it all figured out. They know what they are doing."
(4) Intimidation: "Who do you think you are? We have smart people here who have done their homework and know this business. You just don't understand."
Common reaction: "Who am I to question these experts?"
Biological psychiatry (the chemical imbalance theory) has parallels to each of these dynamics.
(1) Assumption: "The government's FDA approves drugs to fix the chemical imbalance." - Dr. Timothy Scott, America Fooled: The Truth About Antidepressants, Antipsychotics and How We've Been Deceived (Get the book.)
| "In the aftermath of the enron scandal and the disintegration of Enron's auditor Arthur Andersen, the accounting industry has been forced to take a stand for practicing integrity rather than simply talking about it. The California Society of CPAs is spearheading a movement to promote education in financial literacy, and in aligning our actions with our values. Accounting firms are taking the lead in practicing business with integrity." - APC Books, Healing Our Planet, Healing Our Selves: The Power of change Within to Change the World (Get the book.)
| "Interestingly, during the height of the enron meltdown in 2002, when GE picked up the bankrupt company's business, wind power was producing "only" $500 million in revenues. Wind power is growing 30 percent a year in Europe and America, and it is quite likely that the wind can provide up to one-fifth or more of the United States' total energy needs—and that's what makes GE's involvement super smart from a business viewpoint. But it is a good thing, too, from an environmental and do-the-right-thing perspective." - David Steinman, Safe Trip to Eden: Ten Steps to Save Planet Earth from the Global Warming Meltdown (Get the book.)
| "That was a month before enron filed the largest bankruptcy case in U.S. history ... and collapsed in a heap of corruption charges—and did I tell you that Ken Lay actually called me up? He wanted me to step in, like Long Term Capital Management, he said. Of course I didn't ... and of course I turned down the cash that went with it ... and that beastly little crystal trophy thing, too) ... yes ... where was I? Oh, yes. I, Greenspan, am about to give you the strange history of my later life." - William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.)
"Enron was not yet a verb and Monica's dress hung neatly in her closet. With the Cold War defunct, the CIA was in limbo.
Then came the Clinton-Gore Partnership for Reinventing Government in 1993; streamlining the government became the order of the day, and hundreds of intelligence jobs were cut. Information technology firms like CACI International Inc. and Titan Corporation moved into the gap, hiring retired spooks and then contracting them back to the government."
- William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.)
| "In the aftermath of the enron scandal and the disintegration of Enron's auditor Arthur Andersen, the accounting industry has been forced to take a stand for practicing integrity rather than simply talking about it. The California Society of CPAs is spearheading a movement to promote education in financial literacy, and in aligning our actions with our values. Accounting firms are taking the lead in practicing business with integrity." - APC Books, Healing Our Planet, Healing Our Selves: The Power of change Within to Change the World (Get the book.)
| "Because the enron story exemplifies some of the worst conflicts of interest in business in recent years, it deserves more than passing mention. As is now widely known, enron had created a series of partnerships and "related entities" with which it carried out well-hidden transactions. These partnerships made it possible to hide hundreds of millions of dollars in debt that the company's auditors either didn't see or intentionally overlooked." - Jerome P. Kassirer, On the Take: How Medicine's Complicity with Big Business Can Endanger Your Health (Get the book.)
| "Although at this point anyway, I believe people are still being prosecuted for stealing, (at least the executives with enron recently were).
I can already see one condition they might have somehow overlooked. I hate to mention it, because some psychiatrist might pick up on it and add it to the extensive list, although it actually makes just as much sense." - Dr David W Tanton, Ph.D., Antidepressants, Antipsychotics, And Stimulants - Dangerous Drugs on Trial (Get the book.)
| "In 2002, following the enron scandal (a resounding validation of Nader's campaign message against corporate greed and irresponsibility), Nader was interviewed by the New York Times Magazine. He was asked why there was more resignation than outrage in America. Nader responded: "It comes from a deep sense of powerlessness. When you feel powerless, your attitude reflects apathy, withdrawal, resignation, and that is a telltale sign of the degree to which our democracy has declined in the last twenty, twenty-five years." Then Nader was asked whether he had grown more pessimistic." - Bruce E. Levine, Surviving America's Depression Epidemic: How to Find Morale, Energy, and Community in a World Gone Crazy (Get the book.)
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