ENRON'S CAST OF CHARACTERS AND THEIR STOCK SALES

Why hold up a gas station for $150 when you can work a deal for stock options, cheat on the accounting to run up the price of the stock, exercise the options, and resign before the price plunges? Particularly depressing to me are the stock sales of Robert Jaedicke. He was once my major professor at Stanford University. In the years preceding the collapse of Enron, he was head of Enron's Audit Committee and a member of the Board of Directors. Don't stock options create moral hazards for members of audit committees? I do not know that Dr. Jaedicke cheated anybody intentionally. However, his stock sales proceeds have a tainted smell. As for Lou Pai and the rest, I highly recommend that you read Pipe Dreams: Greed, Ego, and the Death of Enron by Robert Bryce (PublicAffairs, 2002).
NAME	POSITION AT ENRON	SHARES SOLD	GROSS PROCEEDS
J. Clifford Baxter	Vice-Chairman	619,898	$34,734,854
Robert Belfer	Member of Board of Directors	2,065,137	$111,941,200
Norman Blake	Member of Board of Directors	21,200	$1,705,328
Rick Buy	Chief Risk Officer	140,234	$10,656,595
Rick Causey	Chief Accounting Officer	208,940	$13,386,896
Ronnie Chan	Member of Board of Directors	8,000	$337,200
James Derrick	General Counsel	230,660	$12,563,928
John Duncan	Member of Board of Directors	35,000	$2,009,700
Andy Fastow	Chief Financial Officer	687,445	$33,675,004
Joe Foy	Member of Board of Directors	38,160	$1,639,590
Mark Frevert	Chief Executive Office, Enron Europe	986,898	$54,831,220
Wendy Gramm	Member of Board of Directors	10,328	$278,892
Kevin Hannon	President, Enron Broadband Services	Unknown	Unknown
Ken Harrison	Member of Board of Directors	1,011,436	$75,416,636
Joe Hirko	CEO, Enron Communications	473,837	$35,168,721
Stan Horton	CEO, Enron Transportation	830,444	$47,371,361
Robert Jaedicke	Member of Board of Directors	13,360	$841,438
Steve Kean	Executive Vice President, Chief of Staff	64,932	$5,166,414
Mark Koenig	Executive Vice President	129,153	$9,110,466
Ken Lay	Chairman, Enron Corp.	4,002,259	$184,494.426
Charles LeMaistre	Member of Board of Directors	17,344	$841,768
Rebecca Mark	Chief Executive Officer, Azurix	1,895,631	$82,536,737
Michael McConnell	Executive Vice President	32,960	$2,506,311
Jeff McMahon	Treasurer	39,630	$2,739,226
Cindy Olson	Executive Vice President	83,183	$6,505,870
Lou Pai	CEO, Enron Energy Services	3,912,205	$270,276,065
Ken Rice	CEO, Enron Broadband Services	1,234,009	$76,825,145
Jeffrey Skilling	Chief Executive Officer, Enron Corp.	1,307,678	$70,687,199
Joe Sutton	Vice-Chairman	688,996	$42,231,283
Greg Whalley	Chief Operating Officer, Enron Corp.	Unknown	Unknown
	TOTALS	20,788,957	$1,190,479,472
All listed sales occurred between October 19, 1998 and November 27, 2001. The number shown under gross proceeds indicates the number of shares times the price of Enron stock on the day the shares were sold. It does not reflect any costs the Enron officials incurred in exercising the sale of the stock. Therefore, the net proceeds to the listed individuals is likely less than the amount shown. SOURCES: Mark Newby, et al. vs. Enron Corp., et al.,* Securities and Exchange Commission filings, Congressional testimony, Enron Corp. press releases.

Question 1
Who owns 77,000 acres in Colorado and is the only person to own a 14,000 foot mountain? I wish he'd take a flying leap from it!
Who at Enron refused to commute from Sugarland on the outskirts of Houston to catch flights on Enron's corporate jets departing out of Houston's International Airport? Instead that former Enron executive required that a corporate jet be dispatched for him to commute from Sugarland. Mostly the longer flights out of Houston for this executive were to his vacation home.

Question 2
Relative to the executive mentioned above, what woman was an even worse abuser of Enron's corporate jets?