The Security and Exchange Commission (SEC) played a large role in enabling the Enron scams. Arthur Levitt, the New York Democrat fund-raiser was appointed chairman of the commission by Bill Clinton. During his tenure, the SEC granted Enron huge exemptions from security laws. Although Levitt claims he can’t recall the exemptions, a former SEC regulator told Insight Magazine Levitt was involved in the decision. Experts say the exemptions allowed Enron to set up its sham offshore partnerships that played such a large role in the meltdown. Levitt is now a senior analyst for the Carlyle Group.
A book could (and probably should) be written about corporate governance through former government officials and titans of industry on corporate boards, of which most are committed globalists. Space considerations have only permitted a brief sampling of the phenomenon here.
No list would be complete without examining the connections of Herbert S. (Pug) Winokur, not exactly a household name. Winokur was chairman of the Enron finance committee. He is a former chairman and CEO of Dyncorp and currently chairs its compensation committee.
A book could (and probably should) be written about corporate governance through former government officials and titans of industry on corporate boards, of which most are committed globalists. Space considerations have only permitted a brief sampling of the phenomenon here.
No list would be complete without examining the connections of Herbert S. (Pug) Winokur, not exactly a household name. Winokur was chairman of the Enron finance committee. He is a former chairman and CEO of Dyncorp and currently chairs its compensation committee.