Encyclopedia > Harken Energy

  Article Content

Harken Energy Scandal

Redirected from Harken Energy

In 1990, Harken Energy entered into a business partnership with Harvard University which ultimately became the vehicle by which Harken Energy could transfer $20 million in debt to Harvard. Though made public, investors did not directly equate the transferred debt as a decrease in equity, allowing the share value of Harken stock to rise, and senior Harken managers liquidated their shares. It is seemingly identical to the modus operandi of most recent Corporate accounting scandals, though a Bush spokesperson denied any connection to Enron's practices, citing that Harken did not conceal its partnership with Harvard.

George W. Bush formerly held several top positions at Harken Energy, primarily as Chairman and CEO.

External links

  • Reuters (http://biz.yahoo.com/rb/021009/bush_harvard_5/)
  • Harvardwatch (http://www.people.fas.harvard.edu/~skomarov/harvardwatch/)
  • /GuardianUK (http://www.guardian.co.uk/business/story/0,3604,808899,00)\
  • /Washington Post (http://www.washingtonpost.com/wp-dyn/articles/A3818-2002Oct9)



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Class Warfare

... Pluto Press[?] in 1996. The contents runs as follows: Introduction Looking Ahead: Tenth Anniversary Interview (an interview conducted ten years since Barsamian ...

 
 
 
This page was created in 33.2 ms