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Enron Scandal

It looks like we could soon be adding another to the growing list of great Canadian corporate flame-outs. There was Nortel
Sorry! That's what Premier Wynne said in response to the damning auditor general report on the infamous cancelled gas plants
The Wall Street analyst who labelled Kinder Morgan a "House of Cards" might have had the TV show in mind, but I'm guessing he's also referencing the corporate history involved. You see, Kinder Morgan emerged out of none other than Enron, the infamous energy giant that was tagged as a House of Cards in a book exposing its systemic shenanigans, which among other things tricked its own employees out of their pension funds. Kinder Morgan CEO Richard Kinder is in fact a former Enron executive and almost became its CEO. The Wall Street Journal once called him "the luckiest ex Enron employee" because Jeffrey Skilling, who became the CEO instead of Kinder, is now in the midst of a 24-year prison sentence.