Table 1 Enron’s event description.
Event ID | Date | Description |
|---|---|---|
1 | 2001-05-17 | Schwarzenegger, Lay, Milken meeting. |
2 | 2001-07-12 | Quarterly conference call. |
3 | 2001-08-03 | Skilling makes a bullish speech on Enron Energy Services. That afternoon, he lays off 300 employees. |
4 | 2001-10-16 | Enron reports a 618 million third-quarter loss and declares a 1.01 billion non-recurring charge against its balance sheet, partly related to “structured finance” operations run by chief financial officer Andrew Fastow. In the analyst conference call that day, Lay also announces a 1.2 billion cut in shareholder equity. |
5 | 2001-12-02 | Enron, at the time the largest bankruptcy in U.S. history, files for Chapter 11 bankruptcy protection. |
6 | 2002-02-14 | Sherron Watkins, the Enron whistleblower, testifies before a Congressional panel against Skilling and Lay. |
7 | 2002-04-09 | David Duncan, Arthur Andersen’s former top auditor, pleads guilty to obstruction. |
