ENRON'S Ken L. Harrison
FIRSTROW, FROM LEFT, Ken L. Harrison, John A. Urquhart, Robert A. Belfer, Norman P. Blake, Jr., Robert K. Jaedicke, Ronnie C. Chan, Jeffrey K. Skilling, Kenneth L. Lay and Wendy L. Gramm. Second Row, from left, Bruce G. Willison, John H. Duncan, Joe H. Foy, Charls E. Walker, John Wakeham, Jerome J. Meyer, Herbert S. Winokur, Jr. and Charles A LeMaistre.
*Ken Harrison, director and former chief executive, Portland General Electric: Sold one million shares for $75.2 million.
The lawsuit, filed in federal court in Houston, alleges that the named executives and board members engaged in a three-year pattern of fraud and deception that caused Enron share prices to fall from a high of about $90 a year ago to less than a dollar.
The suit claims that during that time, the defendants sold $1.1 billion in stock, all the while hiding the company's true financial condition.
Amalgamated Bank's lawsuit is among a slew of lawsuits filed on behalf of shareholders as well as employees who watched their 401(k) accounts shrivel because the company froze them just before the shares started tumbling. The suit is seeking damages of $25 billion.
Blind Faith: How Deregulation and Enron's Influence Over Government Looted Billions from Americans
KEN L. HARRISON
Chairman and Chief Executive Officer
Portland General Corporation
Ken L. Harrison is Chairman and Chief Executive Officer of Portland General Corporation (PGC), a holding company; and Chairman and Chief Executive Officer and President of its largest subsidiary, Portland General Electric Company (PGE), a $3.5 billion electric utility. He also serves as a Director on the PGC and PGE Boards.
Prior to joining the utility in 1975, Mr. Harrison had a ten-year career as a financial analyst and portfolio manager in the investment management business and was a Vice President for First Interstate Bank in the Trust Investment Department. He is a Chartered Financial Analyst and a graduate of the Stanford University Executive Program. He holds a BS degree in Math and Science and an MA degree in Psychology and Sociology from Oregon State University.
He currently serves as a director for Edison Electric Institute, Oregon Business Council, Oregon Independent College Foundation, Oregon Museum of Science and Industry, Oregon Children's Foundation, Oregon State University Foundation, and SOLV (Stop Oregon Littering and Vandalism). He is a member of the Portland Ambassador Program, an organization working on economic development on behalf of the City of Portland; and has served on State of Oregon business sector committees dealing with regional transportation. He currently chairs the Governor's Transportation Initiative Committee for the Business Sector.
Previously he served on the Boards of Mutual Savings Bank, Aptec Computer Systems, Arkwright-Boston Western Advisory Board, Nuclear Electric Insurance Ltd., Oregon Symphony, Sprouse Reitz Stores, and as a Trustee for Pacific University.
Management, Employees and Headquarters
Kenneth L. Lay, Chairman and CEO of Enron Corp.
Richard D. Kinder, President and COO of Enron Corp.
Ken L. Harrison, Chairman, CEO and President of Portland General Corporation. Upon completion of the merger, he will become a Vice Chairman of Enron Corp.