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With politicians from Colorado to Washington to New York admitting they were beneficiaries of Enron, it is clear the influence of the nation's seventh largest company was wide. In Enron's home state of Texas, it was also deep.
Those who tracked the company's 15-year transformation from a little known natural gas transmission company into the country's biggest energy trader say Enron had the loyalty of Texas until it collapsed in December.
With Houston's "kingmaker" Kenneth Lay at its head, Enron secured that loyalty through a potent combination of money, lobbying and a revolving door through which employees went in and out of government, says Andrew Wheat of the advocacy group Texans for Public Justice (TPJ).
"In virtually every report we have done Ken Lay has been a big player," he says. In the last two election cycles, TPJ says, Enron spent $10.2m influencing Washington politicians. During that 1997-2000 period, the company also gave $1m to Texas political action......
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Title: Enron Political Implications
Approximate Word Count: 945
Approximate Pages: 4 (250 words per double-spaced page)
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Enron Political Implications
Enron Political Implications. With politicians from Colorado to Washington
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