Enron der neue weg mit Cooper - 500 Beiträge pro Seite

[BO09]

Ich denke das ENRON ab jetzt einen neue Weg gehen wird und das die News unter dieser neuen Führung besondere beachtung verdient.

[BO09]

houston chronicle

Rice University`s Currall, however, thinks the company is serious about making many of its business units operational again.

"Otherwise they wouldn`t have hired someone like Cooper for the job," Currall said. "And that`s good for Houston, because it shows there`s some possibility there will be some job retention here in town."


Reuters news service contributed to this story.

[BO09]

noch mal von heut morgen

einige auszüge aus einem bericht zu cooper LA TIMES 30.02.2002


The physical assets look to me to be of an enormous advantage here," Cooper said. "The regulated assets--the pipelines and generating plants-- provide reliable, steady cash flow and returns. And they provide a very sound, fundamental base to restructure around


Cooper`s biggest asset, analysts said, is whatever goodwill he can generate from the creditors` committee. Cooper comes to the company as an outsider--an attribute sought by committee members who pushed for Lay`s exit.


Some analysts noted that Cooper, a veteran of the bankruptcies of Federated Department Stores and other firms, has little experience in the energy field.

But Widdrington, who has discussed the Enron debacle with Cooper, said, "Steve himself is not awed by the task. He thinks essentially the operational aspects of the company are still in decent shape."


generelle aussage

cooper ist kein mann des energie geschäfts, aber genau darin sehen die analysten den vorteil

er ist praktiker des reorganisieren in BK fällen und von den werten enrons überzeugt

ein solches unternehmen, zolfo cooper, sollte erfolge aufweisen
da nimmt man unternehen mit erfolgsaussichten.
normal oder
denke up up und das zeigt die tendenz +8% in fra

mit enron aus dem BK geführt warten goldene jahre auf Z+C
das risiko zu versagen und jahrelang mit dem fingerzeig (das sind die die es nicht geschaft haben) rumzulaufen wäre das aus für Z+C.
siehe andersen:
ein schlechter ruf und schon springen die kunden ab. andersen muß nun auch um BK bangen und hat natürlich noch den schwarzen enron in der hand.

bei diesem geschäft zählt nur erfolg da man weltweit im licht steht.

also immer mehr up up up positive ereignisse kommen

gruß bo

[hgnm]

boo9 post dringend

[Power2001]

Ich habe mir mal schnell 284 A zu 0,53 Euro gekauft

kann nicht mehr viel passieren

[BO09]

Enron doctor takes company`s pulse
By Sheila McNulty in Houston
Published: January 31 2002 01:08 | Last Updated: January 31 2002 02:18



Stephen Cooper, Enron`s interim chief executive officer, took control of the embattled energy company on Wednesday, saying he could not get caught up in what pushed the company into bankruptcy if it was to be successfully reorganised.

"I`m not going to spend my time here looking in the rearview mirror," Mr Cooper said a day after being appointed to the position. "The good news is, not only do I not know, it`s literally of no interest to me."

From what he has seen so far at Enron, the principal at New York restructuring firm Zolfo Cooper said he believes the company is a good candidate for success: It has a "tremendous organisation" of bright people and hard workers; strong leadership positions in the businesses in which it is involved; a loyal and solid customer base; and more than adequate liquidity on hand.

"I do not see this as a liquidation," he said. Noting that Enron`s trading business is in the process of being sold, Mr Cooper said what will emerge from his efforts will be a smaller company, but one based on assets and predictable cash flow. Its main business will be the movement of natural gas and the generation of electricity.

Enron was the seventh largest company in the US until a surprise balance sheet adjustment in October undermined confidence in its books to such an extent that it was forced into bankruptcy in December. The internal investigation by the Enron-appointed Special Committee should issue a report on what happened in the next three to six days, Mr Cooper said.

"We are going to move this restructuring at light speed," Mr Cooper said.

[ocra]

GERADE GELESEN :




By Albert B. Crenshaw and Carrie Johnson
Washington Post Staff Writers
Thursday, January 31, 2002; Page E03



Enron`s newly installed chief executive, Stephen F. Cooper, said yesterday that he is optimistic the company can survive, though in a much reduced form.

"When you look at this company, the fact of the matter is that part of the bigness was driven by the trading activity that we no longer have. What we have here is a company with very steady, very manageable businesses," he said on a conference call.

Cooper said his team has concluded that about $10 billion of Enron`s roughly $40 billion in debt is "non-recourse," meaning generally that it is debt from construction and other projects under which creditors have claims against the project "but cannot look back to Enron."

Of the remaining $30 billion, the "overwhelming amount" is unsecured, he said, indicating that it could be restructured or wiped out in the bankruptcy.

"I do not see this as a liquidation," Cooper said.

Cooper also the company will take whatever steps are necessary and appropriate against former executives based on an internal investigation that is due out in the next few days.

He said, however, that questions of how Enron got into its current situation are "literally of no interest to me."

"I`m not going to spend my time here looking in the rearview mirror. . . . Whatever went on went on," he said.

But he also said: "There will be no secrets here. Whatever course of action we have to take, we take."

Earlier yesterday, workers hurt by Enron`s tumultuous collapse gathered in Washington to draw attention to their financial plight and to argue for better federal oversight of corporate accounting practices. The session, convened by the Rev. Jesse L. Jackson and the AFL-CIO, featured more than a dozen former employees from the firm`s Houston headquarters.

Matthew Wackerie said his mother, a six-year Enron employee, lost her life savings along with her job in December. The Houston family no longer has health insurance, Wackerie said, and his mother has taken a temporary job to cover the bills.

"In the end, this is not just about personal pain, this is about public policy," Jackson said. "Most of what happened to these workers was legal. So we have to change that public policy."


© 2002 The Washington Post Company



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[ocra]

JOJO XETRA :

[AnitaD]

Guten Mittag.
Na ocra aufgewacht?!
"Cooper ist optimistisch"...
Gibts nicht mal endlich was Neues und nicht nur die aufgebrühten alten Nachrichten?

MfG

[BO09]

mojen, es ist wieder zeit für COOPER erste längere interview nach übernahme:

sieht eine auf kleinere werte
betrieb von gas- öl- wasser -strom pipelines und power lieferante reduzierte ENRON durch aus als solide überlebensfähig an
in hinsicht auf aktionäre ist die reduzierte enron mit neuen wertestellungen für diese vertrauenswürdig und wertbeständig.
Enron`s Cooper Expects to Salvage A Smaller but More Stable Firm
Updated: Monday, February 11, 2002 12:24 AM ET

Stephen Cooper, the restructuring specialist hired as Enron Corp.`s acting chief executive, said he believes it possible to salvage a smaller but stable company from the turmoil now swirling around the energy concern, Monday`s Wall Street Journal reported.

Meanwhile, as Congress continues to investigate Enron`s collapse, the company`s former chairman, Kenneth Lay, plans to exercise his Fifth Amendment right against self-incrimination and refuse to answer questions at a hearing scheduled for Tuesday, his spokeswoman said. She declined further comment. Mr. Lay was issued a subpoena after he refused to appear at congressional committee hearings last week.

"It`s certainly going to be hard to re-establish trust in this entity, whether it be with creditors, the public or others," Mr. Cooper acknowledged in his first extensive interview since being named to the post Jan. 29. "On the other hand, at the end of the day, if we can make an economic argument that our stakeholders are better off with a reorganized company, people will be open to it." He said he expected that future management of the restructured company would discard the Enron name.

Enron (ENRNQ, news, msgs), which has sold its once-prized North American energy-trading arm to Swiss bank UBS AG, previously has said it aims to restructure around natural-gas transportation and electricity generation. The Houston company filed for bankruptcy-court protection on Dec. 2.

Many observers question whether the company can avoid liquidation, particularly since it had to give up a crucial pipeline asset to crosstown rival Dynegy Inc. as a condition of its failed merger with that company. It isn`t unusual for a company to attempt to reorganize before shutting its doors for good, as was the case, for example, with retailer Montgomery Ward & Co.

Mr. Cooper -- whose Zolfo Cooper LLC has been restructuring troubled companies for two decades -- argues that a viable, restructured Enron can be formed around "power and pipes." The new entity, he said, would use the company`s "substantial number" of remaining pipeline and power-generating assets to garner revenue by essentially charging tolls for transporting gas and liquids through its pipelines, as well as by producing electricity. Mr. Cooper declined to specify what assets the company hoped to retain, saying "we`re still working through the configuration." He also wouldn`t estimate how much revenue such an operation could generate, saying only that "it`s certainly going to be a substantially smaller entity."

Copyright 2002 Dow Jones & Company, Inc.
Midday Amid Accounting Fears Dow Jones, February 8, 2002


Gruss helau und alaf bo

[BO09]

und es geht weiter heute und die nächsten tage POSITIV
++++++++++++++++++++++++++++++++++++++++++++++++++++++++
regierung will pensionplan sichern

wie schon mehrfach erwähnt kennyboy ist raus,
US regierung kann(muß) nun da sie in handlungszwang kommt die enron rentner nicht hängen lassen.

ausserdem siehe erstes posting von heute.
cooper sichert enron basics, enron und es lebt doch, und damit die aktienpackete der pensionfonds(nicht der gläubiger oder normaler aktionäre die sind politisch uninteressant).
NEUE aktien?????
dann würden die pension fonds alles verlieren! da keine NO.1 gläubiger.
lieber langfristig wieder steigende kurse, zufriedens volk
wenn auch nicht 90US, aber auch nicht mehr lange .40$



U.S. Moves to Take Over Enron Pensions - Post




Feb. 11
WASHINGTON (Reuters) - The U.S. Labor Department plans to seek the removal of the Enron Corp. officials who oversee the company`s retirement plans and replace them with independent experts, The Washington Post reported on Monday.

The report said the department has been investigating Enron`s handling of its retirement plans. Workers and retirees lost more than $1 billion because of the energy trading giant`s bankruptcy.

Enron`s collapse wiped out most of the retirement savings of thousands of the company`s employees, whose company-administered 401(k) accounts were heavily loaded with Enron stock that is now nearly worthless.

The Post quoted U.S. Assistant Labor Secretary Ann Combs as saying that the Enron officials "serve as plan fiduciaries, with responsibility for operating the plans and protecting the rights of participants and beneficiaries."

"Our objective is to replace them with an independent fiduciary," she said.

In a statement quoted by the newspaper, Combs said that if her department can "reach an advantageous agreement [to replace the fiduciaries], without engaging in a lengthy court proceeding, we will do so. If no agreement is reached in the very near future, we will seek a court order replacing these people with a qualified independent fiduciary."

On Dec. 2, Enron filed the largest bankruptcy in U.S. history, wiping out thousands of jobs and billions of dollars in equity held by employees and other investors.

The collapse of Houston-based Enron is under investigation by the U.S. Justice Department, the U.S. Securities and Exchange Commission and nine congressional committees.


Copyright 2002 Reuters News Service. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

enron heute up up up uuuuuuund up