Amidst the controversy over the collapse of Enron Corp., University of Texas School of Law Dean Bill Powers has created a ruckus of his own with the release of a report prepared by a panel he headed that criticized the company’s executives, board, auditors and lawyers for their handling of transactions with certain affiliated partnerships.
A special investigative committee established by the Enron board of directors released the report on Feb. 2. Two days later, Powers appeared before the House Financial Services Subcommittee on Capital Markets to discuss the results of the committee’s probe. The findings were “appalling,” he told the committee.
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