<

Autopsy: Enron Exec Death a Suicide
Saturday, January 26, 2002
(7:00 PM ET)
By Kristen Hays
Associated Press Writer

The lawsuit allege that 29 people made $1.1 billion by selling Enron stock between October 1998 and November 2001. It says Baxter had sold 577,436 shares for $35.2 million before the company's collapse.

HOUSTON -- AP
A former Enron Corp. executive who committed suicide had reportedly challenged the company's accounting practices almost a year before it plunged into bankruptcy.

J. Clifford Baxter, who resigned as vice chairman in May, was named in an explosive warning that another Enron executive sent to company Chairman and Chief Executive Kenneth Lay in August about questionable financial practices.

"Cliff Baxter complained mightily to (then-CEO Jeff) Skilling and all who would listen about the inappropriateness of our transactions with LJM," Sherron Watkins wrote. LJM is one of the partnerships apparently used to keep a half-billion dollars in losses off Enron's books.

The same letter warned, "we will implode in a wave of accounting scandals" unless Enron changes its practices.

On Friday, Baxter was found dead in a Mercedes-Benz parked on a median not far from his home in the affluent Houston suburb of Sugar Land. He had been shot in the head.
(More: South Florida Sun-Sentinel News Source)
2002 © The Associated Press.

Hmm-m...

I wonder why Enron is still in the news...

<purest sarcasm>Probably something political...</purest sarcasm>

Dan