Enron's domestic-partner scam. (Finance).In the procession of top Enron executives invoking the Fifth Amendment rather than undergo grilling by members of Congress about the Fortune 500 corporation's spectacular collapse, one company official stood out to gay men and lesbians. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The Washington Post, Michael J. Kopper, a former Enron executive, ran an illegal Enron subsidiary, Chewco, and later turned it over to his domestic partner, William D. Dodson, to avoid the scrutiny of federal regulators. In selling the shell company back to Enron in March 2001, the couple netted a $10.5 million windfall on a $125,000 investment. In addition, Enron paid Kopper more than $2 million in consulting fees between 1997 and 2000 for running the company, which owned stakes in natural gas production projects. It is not clear whether Kopper, a friend and colleague of Enron chief executive Jeffrey Skilling's, took advantage of the lack of legal recognition for his domestic partnership in order to hide his role in the venture, and neither Kopper nor Dodson returned calls from The Advocate. The couple's role in the debacle was first detailed in a 27-page report compiled by an investigating committee appointed by Enron's board of directors. "On the one hand, if all the published accounts are accurate, it's refreshing to see that Enron made it possible for openly gay executives to succeed," said Bob Witeck, of Witeck-Combs Communications, a public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and business consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a in Washington, D.C. "On the other hand, Enron's own self-dealing culture made it just as possible for an openly gay executive to go up in flames In Flames is a melodic death metal band from Gothenburg, Sweden founded in 1990. Along with Dark Tranquillity and At the Gates, they pioneered what is now known as melodic death metal. , along with his domestic partner." Indeed, the Human Rights Campaign, a gay advocacy group, rates Enron a 6 on a scale of 10 for the quality of its workplace environment. Not only does the Houston-based company include sexual orientation sexual orientation n. The direction of one's sexual interest toward members of the same, opposite, or both sexes, especially a direction seen to be dictated by physiologic rather than sociologic forces. in its nondiscrimination policy, but it also provides insurance benefits to employees' same-sex partners. To Witeck and many other gay men and lesbians, the gay-friendly policies appear to be the only ethical aspect of a corporation that bilked investors out of billions and wiped out its employees' pension fund. But at least some antigay activists have found a way to blame the company's demise on its personnel policies. In a January 29 column in the rightwing Charlotte [N.C.] World, editor Warren Smith Warren Smith refers to:
put differently , these companies have corporate [benefits and antidiscrimination] policies that condone--if not outright encourage--illegal behavior." Smith, of course, was referring to the fact that same-sex sodomy laws are still on the books in Enron's home state of Texas and in about 15 other states. Nevertheless, most critics of the company seem more interested in Kopper's executive skills and business ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social than in his sexual orientation. "We do not know whether [Chewco's shoddy accounting standards] resulted from bad judgment or carelessness," the internal Enron investigative report An investigative report is a document that is meant to provide information on a certain topic that is not easily obtained. It is meant to present the reader with a wealth of easily understood information and usually contains an interview or two on the subject. stated, "or whether it was caused by Kopper or other Enron employees putting their own interests ahead of obligations to Enron." Whatever the cause, the report concluded, "the consequences were enormous." |
|
||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion