Sherron Watkins is the former Enron Vice President who wrote a now infamous memo in the summer of 2001 to then-CEO Kenneth Lay warning him about improper accounting methods.
At the time, Enron was one of the largest corporations in the U.S. and a giant in the energy-trading and utilities field. Fortune had named it “America’s Most Innovative Company” for six consecutive years. However, Watkins’ memo revealed that the company’s finances were sustained by systemic accounting fraud and corruption.
Enron was forced to declare bankruptcy in late 2001, and she was called to testify before both the U.S. House of Representatives and Senate about the accounting irregularities that she had found in the financial statements.
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