The maze of sham transactions has set insiders against each other in a scramble to cut losses and point fingers. We are treated to the spectacle of a subsidiary of the Rockefeller controlled CitiGroup (Travelers’ Insurance) suing its own parent company for losses on transactions it insured between CitiGroup and Enron. CitiGroup is refusing to pay claiming it was misled.
Along with the regulatory agencies, corporate boards of directors seem to have been asleep at the switch. Some very powerful and well-connected directors are now claiming they were misled by company executives and/or auditing firms. Many are members of the premiere U.S. organization pushing world government, The Council on Foreign Relations (CFR). Others are associated with one of the CFR’s many spin-offs or organizations controlled by CFR members i.e. The Trilateral Commission (TLC) and the Business Roundtable.
Boards of directors are not necessarily controlled by their chairmen. If the chairman himself does not fill the role, we usually find on the board someone from an investment bank or a high-powered law firm. What counts is who controls or influences the voting stock of the company.
So let’s take a brief tour of some of those powerful men (and women) on boards of companies who were so easily "misled." We shall start and end with Enron. Enron’s (former) Chairman and CEO, Ken Lay, was a close associate of both Bill Clinton and the George Bushes. He is a member of Rockefeller’s Trilateral Commission.
Along with the regulatory agencies, corporate boards of directors seem to have been asleep at the switch. Some very powerful and well-connected directors are now claiming they were misled by company executives and/or auditing firms. Many are members of the premiere U.S. organization pushing world government, The Council on Foreign Relations (CFR). Others are associated with one of the CFR’s many spin-offs or organizations controlled by CFR members i.e. The Trilateral Commission (TLC) and the Business Roundtable.
Boards of directors are not necessarily controlled by their chairmen. If the chairman himself does not fill the role, we usually find on the board someone from an investment bank or a high-powered law firm. What counts is who controls or influences the voting stock of the company.
So let’s take a brief tour of some of those powerful men (and women) on boards of companies who were so easily "misled." We shall start and end with Enron. Enron’s (former) Chairman and CEO, Ken Lay, was a close associate of both Bill Clinton and the George Bushes. He is a member of Rockefeller’s Trilateral Commission.