Re "Watkins Depicts Fear at Enron," Feb. 15: On Valentine's Day, Sherron Watkins became America's sweetheart. Enron had the (so-called) best and brightest CPAs and attorneys. Watkins went against the grain and stood up to those stuffed shirts. If there were more Sherrons in the country, there would have been no Internet bubble (which turned undeserving young insiders into overnight millionaires) and the resulting downfall, with many hard-working people and the retired losing their last penny.
Watkins should be appointed to the chairmanship of the SEC. This is the great thing about America: For every greedy, sleazy CEO there is a Sherron Watkins.
Marina del Rey
Hmm, let's see. If, as Watkins says, Ken (Lay) was bamboozled by Jeff (Skilling) and Andy (Fastow), why did Ken take the 5th? Methinks there was (and, for all we know, still is) something rotten in the state of Enron (a.k.a. Texas). No wonder Dick's (Cheney) cave is almost as hard to find as Osama's.
Why are Skilling, Lay and the others in Enron who filled their pockets with money pretending that they were not aware of the shady dealings in their company? For the millions of dollars that they were paid in salary and bonuses, it was their business to know and keep track of what happened in the company. That's what they were being paid for. If they truly did not know the goings-on, then I deem that they were the most well-paid bunch of incompetent employees in history.