{"id":1315,"date":"2002-01-28T14:17:32","date_gmt":"2002-01-28T19:17:32","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/wp\/?p=1315"},"modified":"2002-01-28T14:17:32","modified_gmt":"2002-01-28T19:17:32","slug":"going_down_with","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2002\/01\/28\/going_down_with.html","title":{"rendered":"Going down with the ship"},"content":{"rendered":"

Some perspective on the Enron debacle from Alistair Cooke<\/a>:<\/p>\n

The American public is as stunned as the British people would have been in 1912 to learn that the captain of the Titanic, having been told by the ship’s architect – as he was – that the ship would go down in two hours, summoned his exec officer, told him to round up the officers and prepare to abandon ship as silently as possible, ordering two or three lifeboats to be slipped down on the starboard side. Meanwhile the purser was instructed to open the ship’s strong box, take all the currency and the jewels of the passengers and join the fleeing officers.
\nThe chief steward was told to have his men patrol the ship and assure the passengers that everything was fine, no danger and go back to sleep. The stewards might then join the rest of the crew in the departing lifeboats and pull away.<\/p>\n

I have to confess that I didn’t realize Mr. Cooke was still with us, but I think his observation here is spot on. What is really driving this whole public outrage is not so much the worried amazement that a company seemingly that big could tank so quickly, but that all the top execs seem to have gleefully walked away with boatloads of money, relying on their inside information that things were going south, while the average Enron worker, lied to by their own management and locked into pension plans that didn’t let them act even at the last extremity, ended up taking it in the shorts.<\/p>\n

(Via Trance Gemini<\/a>)<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Some perspective on the Enron debacle from Alistair Cooke: The American public is as stunned as the British people would have been in 1912 to learn that the captain of…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12],"tags":[],"class_list":["post-1315","post","type-post","status-publish","format-standard","hentry","category-fourth-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":28474,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/07\/02\/tweets-from-2012-07-02-2.html","url_meta":{"origin":1315,"position":0},"title":"Tweets from 2012-07-02","author":"***Dave","date":"Mon 2-Jul-12 10:45pm","format":false,"excerpt":"Getting ready to head to airport. Lightning moat activated. Guard tigers released. Housesitter has full stock of ammo for autoguns. All set! # And off to the airport, where Alaska Airlines defines \"excess\" checked baggage as \"any\" for purposes of charging fees. # New Kindle, btw, is working like a\u2026","rel":"","context":"In "~Tweets"","block_context":{"text":"~Tweets","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/tweets"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43776,"url":"https:\/\/hill-kleerup.org\/blog\/2014\/07\/23\/the-costa-concordia-adventure.html","url_meta":{"origin":1315,"position":1},"title":"The Costa Concordia Adventure","author":"***Dave","date":"Wed 23-Jul-14 11:19am","format":false,"excerpt":"Some amazing pictures of the Italian cruise ship that ran aground over two years ago, as it was finally righted and refloated on its way to a salvage yard.The pictures from inside before the put right-side-up reminded me of The Poseidon Adventure, though with less Shelley Winters.Reshared post from +In\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2014\/07\/c16_RTR3ZBZY.jpg.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":131006,"url":"https:\/\/hill-kleerup.org\/blog\/2016\/07\/07\/we-must-cut-spending-except-on-military-stuff-built-in-my-district.html","url_meta":{"origin":1315,"position":2},"title":"We must cut spending! Except on military stuff built in my district!","author":"***Dave","date":"Thu 7-Jul-16 12:06am","format":false,"excerpt":"When naval officers who are vested in a new program combine with defense contractors who are vested in their bottom line and congresscritters who are vested in campaign donations and bringing home the pork, the Pentagon and the Secretary of Defense are apparently helpless to stop them.'The extra ship, which\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42343,"url":"https:\/\/hill-kleerup.org\/blog\/2014\/05\/31\/the-ship-wocked-and-wolled.html","url_meta":{"origin":1315,"position":3},"title":"The ship wocked and wolled!","author":"***Dave","date":"Sat 31-May-14 5:42pm","format":false,"excerpt":"Well, that's how Tweetie Bird said it.The directors on the original \"Star Trek\" were not always very diligent at how they had people get knocked around the bridge when the ship was hit by an impact.Reshared post from +Scott DawsonStabilized Star Trek Shot\ufeff View this post on Google+","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41699,"url":"https:\/\/hill-kleerup.org\/blog\/2014\/04\/12\/that-is-one-big-ship.html","url_meta":{"origin":1315,"position":4},"title":"That is one big ship","author":"***Dave","date":"Sat 12-Apr-14 3:06pm","format":false,"excerpt":"\"Engineering porn,\" indeed. The Blue Martlin is designed to carry -- pretty much whatover. \u00a0Oil platforms. A US destroyer. Multiple other ships in fact.A remarkable design and construction feet.A couple of other videos here:Amazing ship transport VEKA \/ Blue Marlin (part 1)Amazing ship transport VEKA \/ Blue Marlin (part 2)(h\/t\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9440,"url":"https:\/\/hill-kleerup.org\/blog\/2006\/07\/06\/holy_toledo.html","url_meta":{"origin":1315,"position":5},"title":"Holy Toledo!","author":"***Dave","date":"Thu 6-Jul-06 2:19pm","format":false,"excerpt":"Millions (or at least thousands) of US Navy ship photos -- including many of my Dad's old ship, the USS Toledo (CA-133). Cool....","rel":"","context":"In "Potpourri"","block_context":{"text":"Potpourri","link":"https:\/\/hill-kleerup.org\/blog\/category\/potpourri"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/1315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=1315"}],"version-history":[{"count":0,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/1315\/revisions"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=1315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=1315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=1315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}