Tuesday, February 26, 2002

Doesn't this sound familiar?

In an Enron company video released yesterday by Rep. Henry Waxman (D-Calif.), hundreds of employees of the now-bankrupt energy empire are shown being coaxed to do "the wave" -- not once, but twice -- by vice chairman Joe Sutton during an Oct. 3, 2000, meeting in Houston. "After all that great news and everything we've heard today we should feel pretty good, shouldn't we?" Sutton told the assembly. "We're going to get a wave going across the room here, an Enron wave to celebrate being the most innovative company in the world. . . . Let's get ready to rock-and-roll here." Yesterday, Waxman chief of staff Phil Schiliro quipped: "They may not have their 401(k)s, but they'll always have the wave."

News item courtesy of the Washington Post.