Over the weekend, I commented on an article at the WSJ about shareholder lawsuits after one person fawned all over the dubious accomplishments of Bill Lerach who net $7 billion for Enron investors. (Lerach, by the way, is still in prison for his kickback scheme.) The response was incredible; the other commentators immediately attacked me for everything from “getting wet” for Jeff Skilling to my writing, to proclaiming that I should talk to Cliff Baxter’s widow about how innocent Enron and Ken Lay are. I pointed out that Mrs. Baxter testified for the defense during the Lay/Skilling trial – but I don’t expect anyone there to actually open their freaking ears and listen.
Incidentally, somebody there commented under the name “Observer”. I am 100% positive that is not the same Observer who comments here. Their opinions could not be more different.
I am commenting on this today because this is the kind of crazy outrage that is still free-floating among the general public some eight years after the collapse of the company. People who know nothing other than what they read in Conspiracy of Fools or Smartest Guys In The Room believe they have a handle on the whole truth of Enron. In the first place there is so much information that even someone like me, who researches this stuff for a living, can never acquire it all. Like Jeff Skilling, it is impossible to know everything that happened in every office, in every cubicle, every single day. Some things are going to get lost. But the truth, in my hands, will not. In the second place, somebody who is a casual observer and guzzles down whatever news they hear from Tom Brokaw is just going to be ignorant; I must face this fact. No amount of proof is going to sway them. All I can do is keep writing and hope those whose minds are not glued shut by the mainstream media will be willing to listen a little deeper.
The truth doesn’t need consensus. But it would be awfully nice if those who believe they own the truth about Enron would actually look into Enron.