Enron sacks chief accountant
Collapsed energy giant Enron has fired its chief accounting officer Richard Causey and chief risk officer Richard Buy, as part of an ongoing review by the Special Investigative Committee of the Board of Directors.
The announcement, made in a company statement, also included a pledge by chief executive Stephen Cooper to resurrect the company from its bankruptcy filing.
The Enron CE said: ‘The new Enron and its Board are committed to ensuring that communication within the company is open and free-flowing, particularly as to any matters of professional concern regarding Enron’s business affairs.’
In another statement, current board member William Powers, Jr announced his decision to step down from the board of directors. Powers joined the board on 31 October 2001 for the purpose of chairing the Special Investigative Committee to investigate related party transactions.
‘I now need to devote all of my energies to being Dean of the University of Texas School of Law,’ Powers said.