USA: CONGRESSIONAL COMMITtEES SAY THAT THEY WILL SUBPOENA ENRON CHAIRMAN KENNETH LAY TO APPEAR BEFORE THEM AFTER HE FAILS TO APPEAR VOLUNTARILY
Record ID:
970911
USA: CONGRESSIONAL COMMITtEES SAY THAT THEY WILL SUBPOENA ENRON CHAIRMAN KENNETH LAY TO APPEAR BEFORE THEM AFTER HE FAILS TO APPEAR VOLUNTARILY
- Title: USA: CONGRESSIONAL COMMITtEES SAY THAT THEY WILL SUBPOENA ENRON CHAIRMAN KENNETH LAY TO APPEAR BEFORE THEM AFTER HE FAILS TO APPEAR VOLUNTARILY
- Date: 4th February 2001
- Summary: (W1) WASHINGTON, D.C. UNITED STATES (FEBRUARY 4, 2002) (US POOL - ACCESS ALL) 1. WIDE SHOT OF EMPTY SENATE HEARING ROOM 0.05 2. PAN FROM SENATE MEMBER'S SEATS TO EMPTY CHAIR WHERE FORMER ENRON CORP CHAIRMAN KEN LAY WOULD BE SEATED 0.09 3. CLOSE UP OF EMPTY CHAIRS IN HEARING ROOM 0.16 (W1) HOUSTON, TEXAS (FILE) (NBC - NO ACCESS CNN/USA/INTERNET) 4. SLV KEN LAY IN ENRON OFFICES 0.23 (W1) HOUSTON, TEXAS UNITED STATES (RECENT) (REUTERS - ACCESS ALL) 5. SCU ENRON SIGN ON SMITH STREET IN HOUSTON 0.29 6. TILT UP OF ENRON BUILDINGS/ FOUNTAIN 0.40 (W1) WASHINGTON, D.C. UNITED STATES (FEBRUARY 4, 2002) (US POOL - ACCESS ALL) 7. WIDE SHOT OF NEWS CONFERENCE 0.45 8. SOUNDBITE (English) SENATE COMMERCE COMMITTEE CHAIRMAN ERNEST HOLLINGS SAYING: "Our commerce committee had a full hearing schedule this morning for 9.30am chaired by distinguished Chair of the consumer subcommittee, Senator Dorgan of North Dakota, nd we had as an only witness Ken Lay, of Enron, he didn't appear and tomorrow I'm calling a meeting of the full mmittee, to get authority to issue a subpoena for his appearance, on Tuesday, tomorrow a week, which would be the 12th." 1.22 (W1) HOUSTON, TEXAS (FILE) (NBC - NO ACCESS CNN/USA/INTERNET) 9. KEN LAY WALKING OUTSIDE 1.30 10. SMV , KEN LAY TALKING TO FORMER U.S PRESIDENT GEORGE BUSH WITH CURRENT PRESIDENT IN THE FOREGROUND 1.34 (W1) WASHINGTON, D.C. UNITED STATES (FEBRUARY 4, 2002) (POOL - ACCESS ALL) 11. SCU SOUNDBITE (English) CALIFORNIA SENATOR BARBARA BOXER SAYING: "I was gonna show this to Mr. Lay to get his comments. This is what happened to the wholesale electricity price in California. You can see when it started to go way up in November of 2000 and you can see how it stayed up there until FERC (Federal Energy Regulatory Committee) took action. But in all that period, they were transferring billions of dollars out of California into the Enron corporation and other corporations in that business. But it is our contention that in that period Enron was kept afloat with these enormous profits. And while they were kept afloat, the insiders were unloading." 2.15 (W1) VARIOUS LOCATIONS, UNITED STATES (FILE) (VNR - ACCESS ALL) 12. WIDE OF SMOKE CHIMNEY STACKS BELLOWING WITH SMOKE (2 SHOTS) 2.22 13. WIDE/ PULL OUT OF POWER PLANT 2.30 14. WIDE OF POWER PLANT 2.35 (W1) HOUSTON, TEXAS UNITED STATES (RECENT) (REUTERS - ACCESS ALL) 15. SMV SOUNDBITE (English) FORMER ENRON EMPLOYEE'S WIFE, KIM LUNDQUIST SAYING: "We were already living paycheck to paycheck, trying to pay for Garret's therapy. Now it's going to be even harder. My anger would be them trying to relate. Some of the upper level management want to try to relate to others of us like we're in the same boat, well, we're in a little tug boat while they're in a cruise ship." 2.58 (W1) UNKNOWN LOCATION, UNITED STATES (RECENT) (NBC - NO ACCESS USA/CNN/INTERNET) 16. SLV KEN LAY AND WIFE WALKING 3.04 (W1) WASHINGTON, D.C. UNITED STATES (FEBRUARY 4, 2002) (POOL - ACCESS ALL) 17. WIDE SHOT OF HEARING ROOM 3.06 18. SLV WILLIAM POWERS BEING SWORN IN 3.17 19. WIDE OF HEARING 3.22 20. SCU SOUNDBITE (English) UNIVERSITY OF TEXAS LAW PROFESSOR WILLIAM POWERS SAYING: "We found that some of these transactions were improperly structured. If they'd been structured correctly, Enron could have kept assets and liabilities off of its balance sheet and that raises significant policy issues in itself. But Enron did not follow those accounting rules." 3.46 21. WIDE OF POWERS TESTIFYING 3.52 22. SCU SOUNDBITE (English) WILLIAM POWERS SAYING: "We found something more troubling than those instances of misconduct or failure to disclose accounting rules. We found a systematic and pervasive attempt by Enron's management to misrepresent the company's financial condition. Enron's management used these instances to enter into transactions that it could not or would not enter into with unrelated commercial entities. Many of the most significant transactions were not designed to achieve bona fide economic objectives. As our report demonstrates these transactions were extremely complex. I won't try to describe them with any detail here." 4.46 (W1) UNIDENTIFIED LOCATION, UNITED STATES (FILE) (NBC - NO ACCESS CNN/USA/INTERNET) 23. SLV KENNETH LAY WALKING 4.48 (W1) HOUSTON, TEXAS UNITED STATES (RECENT) (REUTERS - ACCESS ALL) 24. SCU ENRON FLAG WAVING OUTSIDE BUILDING HEADQUARTERS 4.58 Initials Script is copyright Reuters Limited. All rights reserved
- Embargoed: 18th February 2001 12:00
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- Location: WASHINGTON, D.C.; HOUSTON, TEXAS; VARIOUS UNIDENTIFIED LOCATIONS; UNITED STATES
- City:
- Country: USA
- Reuters ID: LVA8WSNIMW5OUQ0EUX01TBPRM17N
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