Sherron Watkins Biography
Sherron Watkins is an American former Vice President of Corporate Development at the Enron Corporation who was born on August 28, 1959, Tomball, Texas, U.S. At the beginning of 2002, Watkins was called to testify before committees of the U.S. House of Representatives and Senate fundamentally about her warnings to Enron’s then-CEO Kenneth Lay about accounting irregularities in the financial statements.
Sherron Watkins alerted then-Enron CEO Kenneth Lay of accounting irregularities in financial reports in August 2001. Watkins has however been criticized for not reporting the fraud to government authorities sooner and not speaking up publicly about her concerns, as her memo did not reach the public until five months after it was written. Ms. Watkins was represented by Houston attorney Philip H. Hilder.
Watkins was selected as one of three “Persons of the Year 2002” by Time. (The two other whistleblowers who joined her as “People of the Year” were Cynthia Cooper of WorldCom and Coleen Rowley of the FBI.
Sherron Watkins Education
Sherron Watkins was born in Tomball, Texas. She holds a Bachelor of Business Administration (with honors) from the University of Texas, where she was a member of Alpha Chi Omega sorority. Watkins also holds a Masters of Professional Accounting, from the McCombs School of Business. She is also a Certified Public Accountant.
Sherron Watkins Husband
Sherron Watkins is married to her husband Richard. The couple has one child. Watkins and her family live in Texas.
Sherron Watkins Age
Sherron Watkins was born on August 28, 1959, Tomball, Texas, U.S. She is the former Vice President of Corporate Development at the Enron Corporation which went under after a gigantic scandal that emanated from accounting and financial fraud. Watkins is 59 years old as of 2018.
Sherron Watkins Enron | Memo
Sherron Watkins joined Enron in 1993. In 2001 she noticed irregularities in Enron’s financial statements prompting her to write a memo to then CEO, Kenneth Lay. Kenneth Lay met her and they discussed the financial situation of the company. Lay denied any wrongdoing and promised to investigate the fraud. In the end, the scandal executives in the Enron’s hierarchy including former Ceo Jeff Skilling, Lou Pai and Kenneth Lay.
In the Congressional and Senate committee hearings that followed, Sherron Watkins testified primarily on the alerts that she gave to Lay. Even though she was majorly hailed as Enron’s whistleblower, she was also widely criticized for neither reporting to the authorities nor making her findings public months before Enron’s bankruptcy. Sherron Watkins departed Enron in November 2002 and has been giving speeches at colleges and management congresses since.
Sherron Watkins Today
Since leaving Enron in November 200s, Sherron Watkins has been giving speeches at colleges and management congresses. This is due to her high moral standing as she is credited as Enron’s whistleblower, a title that escalated her stature as an ethical professional.
Sherron Watkins Ethics | Awards
In recognition of her outstanding demonstration of ethics in the work place, Ms. Watkins has received numerous honors, including the Court TV Scales of Justice Award and its Everyday Hero’s Award, the Women Mean Business Award from the Business and Professional Women/USA Organization, and the 2003 Woman of the Year Award by Houston Baptist University.
Glamour Magazine named her one of its 2002 Women of the Year, and Barbara Walters included her as one of the 10 Most Fascinating People of 2002. In 2003, the National Academy of Management presented Ms. Watkins with their Distinguished Executive Award and the Women’s Economic Round Table honored her with the Rolfe Award for Educating the Public about Business and Finance.
Sherron Watkins Book
Sherron Watkins released a book in 2004, about her experiences at Enron and the problems of US corporate culture, Power Failure: The Inside Story of the Collapse of Enron.