jeffooi
23-12-2002, 07:24 AM
<font size="+2">TIME 'Persons-of-the-Year 2002:</font>
<font size="+1">These courageous women blew their whistles againsts their bosses at Enron, Worldcom and FBI.
TIME managing editor Jim Kelly says it's time to celebrate three ordinary people that did extraordinary things.</FONT>
UTUSAN ONLINE
Monday, December 23, 2002
Time names women whistle-blowers as Persons of the Year
<img src="http://www.utusan.com.my/pix/2002/1223/Utusan_Express/Time_Out/to_01_big.jpg" align="left"> THIS picture released Dec 22 by Time Magazine shows Cynthia Cooper of Wordcom (L), Coleen Rowley of the FBI (C) and Sherron Watkins of Enron who have been named Persons of the Year by the magazine. - AFPpix.
NEW YORK - Time Magazine named a trio of women whistle-blowers as its Persons of the Year on Sunday, praising their roles in unearthing malfeasance that eroded public confidence in their institutions.
Two of the women, Sherron Watkins, a vice president at Enron Corp., and Cynthia Cooper of WorldCom Inc., uncovered massive accounting fraud at their respective companies, which both went bankrupt.
The third, Coleen Rowley, is an agent for the Federal Bureau of Investigation. In May, she wrote a scathing 13-page memo to FBI Director Robert Muller detailing how supervisors at a Minneapolis, Minnesota field office brushed aside her requests to investigate Zacarias Moussaoui, the so-called "20th hijacker'' in the Sept 11th attacks, weeks before the attacks occurred.
"It came down to did we want to recognise a phenomenon that helped correct some of the problems we've had over the last year and celebrate three ordinary people that did extraordinary things,'' said Time managing editor Jim Kelly.
...Watkins, 43, is a former accountant best known for a blunt, prescient 7-page memo to Enron chairman Kenneth Lay in 2001 that uncovered questionable accounting and warned that the company could "implode in a wave of accounting scandals.''
Her letter came to light during a post-mortem inquiry conducted by Congress after the company declared bankruptcy.
Cooper undertook a one-woman crusade inside telecommunications behemoth WorldCom, when she discovered that the company had disguised $3.8 billion in losses through improper accounting.
When the scandal came to light in June after the company declared bankruptcy, jittery investors laid siege to global stock markets.
FBI agent and lawyer Rowley's secret memo was leaked to the press in May. Weeks before Sept 11, Rowley suspected Moussaoui might have ties to radical activities and Osama bin Laden, and she asked supervisors for clearance to search his computer.
Her letter sharply criticised the agency's hidebound culture and its decision-makers, and gave rise to new inquiries over the intelligence-gathering failures of Sept 11. - Reuters
FULL STORY:
http://www.utusan.com.my/utusan/content.asp?y=2002&dt=1223&pub=Utusan_Express&sec=Time_Out&pg=to_01.htm
<font size="+1">These courageous women blew their whistles againsts their bosses at Enron, Worldcom and FBI.
TIME managing editor Jim Kelly says it's time to celebrate three ordinary people that did extraordinary things.</FONT>
UTUSAN ONLINE
Monday, December 23, 2002
Time names women whistle-blowers as Persons of the Year
<img src="http://www.utusan.com.my/pix/2002/1223/Utusan_Express/Time_Out/to_01_big.jpg" align="left"> THIS picture released Dec 22 by Time Magazine shows Cynthia Cooper of Wordcom (L), Coleen Rowley of the FBI (C) and Sherron Watkins of Enron who have been named Persons of the Year by the magazine. - AFPpix.
NEW YORK - Time Magazine named a trio of women whistle-blowers as its Persons of the Year on Sunday, praising their roles in unearthing malfeasance that eroded public confidence in their institutions.
Two of the women, Sherron Watkins, a vice president at Enron Corp., and Cynthia Cooper of WorldCom Inc., uncovered massive accounting fraud at their respective companies, which both went bankrupt.
The third, Coleen Rowley, is an agent for the Federal Bureau of Investigation. In May, she wrote a scathing 13-page memo to FBI Director Robert Muller detailing how supervisors at a Minneapolis, Minnesota field office brushed aside her requests to investigate Zacarias Moussaoui, the so-called "20th hijacker'' in the Sept 11th attacks, weeks before the attacks occurred.
"It came down to did we want to recognise a phenomenon that helped correct some of the problems we've had over the last year and celebrate three ordinary people that did extraordinary things,'' said Time managing editor Jim Kelly.
...Watkins, 43, is a former accountant best known for a blunt, prescient 7-page memo to Enron chairman Kenneth Lay in 2001 that uncovered questionable accounting and warned that the company could "implode in a wave of accounting scandals.''
Her letter came to light during a post-mortem inquiry conducted by Congress after the company declared bankruptcy.
Cooper undertook a one-woman crusade inside telecommunications behemoth WorldCom, when she discovered that the company had disguised $3.8 billion in losses through improper accounting.
When the scandal came to light in June after the company declared bankruptcy, jittery investors laid siege to global stock markets.
FBI agent and lawyer Rowley's secret memo was leaked to the press in May. Weeks before Sept 11, Rowley suspected Moussaoui might have ties to radical activities and Osama bin Laden, and she asked supervisors for clearance to search his computer.
Her letter sharply criticised the agency's hidebound culture and its decision-makers, and gave rise to new inquiries over the intelligence-gathering failures of Sept 11. - Reuters
FULL STORY:
http://www.utusan.com.my/utusan/content.asp?y=2002&dt=1223&pub=Utusan_Express&sec=Time_Out&pg=to_01.htm