About Us

Welcome to Enron Watchdog, a project of the state PIRGs. This site is designed to help consumers and investors as well as employees and taxpayers fight back to ensure there are "No More Enrons."

On these pages you can take action to urge Congress to adopt the "No More Enrons" Consumer and Investor Bill of Rights.

• You can also find out more with our "dog treat of the day." Our watchdogs are out looking under rugs for more information all the time.
  
• Contact us in confidence with whistleblower tips about Enron or other companies engaged in questionable practices.
  
• Tell a friend about this web site.

The multi-billion dollar Enron collapse is under investigation by a dozen congressional committees, the Justice Department, the Securities and Exchange Commission (SEC) and numerous state attorneys general. Lawsuits have been filed on behalf of the employees, investors, state pension funds and private shareholders who lost billions of dollars while Enron executives and insiders sold worthless stock at inflated values.

We may never know all the answers, because Enron and its accountant, Arthur Andersen, have already shredded many documents. Much of the money may never be recovered. But we do know this: Our regulatory, political and oversight systems are filled with loopholes that combined to allow the Enron bubble to build, and then burst. Its accountant, Arthur Andersen, failed to fulfill its Supreme Court-mandated "public watchdog" function. Other conflicts—between Enron and its partnerships, its board of directors and their outside interests, and between analysts and investment bankers—combined to make it too easy for a corrupt corporate culture to take advantage of weak financial disclosure and campaign finance laws. Unless action is taken, other companies may do the same—and fat-cat executives and their lapdog accountants may walk away with millions of dollars they don't deserve—while employees, investors, taxpayers and consumers are left with nothing.

The solution is outlined in the Enron Watchdog "No More Enrons" Consumer And Investor Bill of Rights. It's a set of principles designed to restore consumers and investors as well as employees and taxpayers confidence in the system that protects their investments and pensions. It will help guarantee that the markets pick winner and loser companies, not cheaters. It's a solution that also helps get big money out of politics.