Skip to content.
About GPO   |   Newsroom/Media   |   Congressional Relations   |   Inspector General   |   Careers   |   Contact   |   askGPO   |   Help  
 
Home   |   Customers   |   Vendors   |   Libraries  

  FDsys > More Information
(Search string is required)
 

Joint Committee Print JCS-3-03 - Report of Investigation of Enron Corporation and Related Entities Regarding Federal Tax and Compensation Issues, and Policy Recommendations


Download Files

Metadata

Document in Context
Report of Investigation of Enron Corporation and Related Entities Regarding Federal Tax and Compensation Issues, and Policy Recommendations
   
Volume I - Report More
PRELIMINARY PAGES (Title Page, Committee Members, Table of Contents) PDF | More
INTRODUCTION PDF | More
EXECUTIVE SUMMARY PDF | More
A. General Overview of the Investigation PDF | More
B. Enron's Business Operations and Tax-Motivated Transactions PDF | More
C. Pension and Compensation Arrangements PDF | More
D. Summary of General Observations PDF | More
E. Summary of Findings and Recommendations PDF | More
PART ONE - GENERAL OBSERVATIONS, RECOMMENDATIONS, AND FINDINGS PDF | More
I. GENERAL OBSERVATIONS PDF | More
II. GENERAL FINDINGS AND RECOMMENDATIONS RELATING TO BUSINESS TAX MATTERS PDF | More
A. General Findings Relating to Business Tax Matters PDF | More
B. Recommendations Relating to Corporate Tax Issues PDF | More
C. Recommendations Relating to Partnership Tax Issues PDF | More
D. Recommendations Relating to International Tax Issues PDF | More
E. Recommendation Relating to Financial Asset Securization Investment Trusts PDF | More
F. Recommendation Relating to Corporate-Owned and Trust-Owned Life Insurance PDF | More
G. Recommendations Relating to Structured Financing Transactions PDF | More
III. PENSION AND COMPENSATION OBSERVATIONS, FINDINGS, AND RECOMMENDATIONS PDF | More
A. General Observations with Respect to Pensions and Compensation PDF | More
B. Findings and Recommendations Relating to Pension and Compensation Arrangements PDF | More
PART TWO - GENERAL BACKGROUND INFORMATION PDF | More
I. BACKGROUND AND METHODOLOGY PDF | More
A. Background Information Relating to Joint Committee on Taxation Staff Investigation of Enron PDF | More
B. Methodology and Scope of Joint Committee Staff Investigation PDF | More
II. HISTORY OF THE COMPANY PDF | More
A. Background PDF | More
B. History of Business Operations PDF | More
C. Recent Financial History PDF | More
D. Enron's Federal Income Tax Position PDF | More
PART THREE - DISCUSSION OF SELECTED TAX-MOTIVATED TRANSACTIONS AND BUSINESS ARRANGEMENTS USED BY... PDF | More
I. STRUCTURED TAX-MOTIVATED TRANSACTIONS PDF | More
A. Background and Rationale PDF | More
B. Transactions That Raise Corporate Tax Issues PDF | More
C. Transactions That Raise Partnership Tax Issues PDF | More
D. Other Structured Transactions PDF | More
E. Transactions in Which Enron is an Accommodation Party PDF | More
II. COMPANY-OWNED AND TRUST-OWNED LIFE INSURANCE PDF | More
A. Summary PDF | More
B. Background, Present Law, Discussion and Recommendations PDF | More
III. STRUCTURED FINANCING TRANSACTIONS PDF | More
A. Background and Rationale PDF | More
B. Discussion of Present Law Relating to Certain Structured Financing Transactions PDF | More
C. Tiered Preferred Securities PDF | More
D. Investment Unit Securities PDF | More
E. Commodity Prepay Transactions PDF | More
IV. USE OF FOREIGN ENTITIES BY ENRON PDF | More
A. Overview of Selected International Tax Rules PDF | More
B. Enron's General International Tax Posture PDF | More
C. Proliferation of Foreign Entities in Enron's Ownership Structure PDF | More
D. Transfer Pricing Issues PDF | More
E. Recommendation: Information Reporting with Respect to Disregarded Entities PDF | More
V. OFF-BALANCE SHEET TRANSACTIONS More
A. Overview PDF | More
PART FOUR - ISSUES RELATING TO COMPENSATION PDF | More
I. Introduction to Compensation-Related Issues More
A. Overview of Issues Relating to Compensation PDF | More
B. Overview of Enron Internal Functions Relating to Compensation PDF | More
II. QUALIFIED PLANS PDF | More
A. Overview of Present Law Relating to Qualified Retirement Plans PDF | More
B. Overview of Enron's Qualified Retirement Plans PDF | More
C. Discussion of Specific Issues PDF | More
III. OTHER COMPENSATION-RELATED ISSUES PDF | More
A. General Overview of Compensation PDF | More
B. Overview of Executive Compensation Arrangements PDF | More
C. Discussion of Specific Issues PDF | More
Volume II - Appendices A and B More
Appendix A More
PRELIMINARY PAGES (Title Page, Committee Members, Table of Contents) PDF | More
Table of Contents PDF | More
I. LETTER TO JOINT COMMITTEE ON TAXATION STAFF DIRECTING INVESTIGATION PDF | More
II. DISCLOSURE AGREEMENT AMONG ENRON, SENATE COMMITTEE ON FINANCE AND JOINT COMMITTEE ON TAXATION... PDF | More
III. RESOURCE MATERIALS PREPARED BY JOINT COMMITTEE ON TAXATION STAFF PDF | More
Individuals Interviewed by Joint Committee on Taxation Staff During Investigation PDF | More
Glossary of Terms Relevant to Joint Committee on Taxation Staff Investigation PDF | More
IV. OTHER MATERIALS PDF | More
Book-to-Tax Reconciliation PDF | More
Enron: A Select Chronology of Congressional, Corporate, and Government Activities, Congressional... PDF | More
Appendix B More
PRELIMINARY PAGES (Table of Contents) PDF | More
Table of Contents PDF | More
I. BACKGROUND AND RATIONALE PDF | More
Estimated Structured Transaction Project Fees as of June 4, 2001 PDF | More
Enron Presentation to Joint Committee on Taxation Staff, June 7, 2002 PDF | More
Structured Transactions Group, Summaries of Project Earnings & Cash Flows, November 2001 PDF | More
II. PROJECT TANYA PDF | More
Letter from Arthur Andersen, to Robert J. Hermann, Enron Corporation (October 27, 1995) PDF | More
Memorandum from IRS District Counsel, Houston District, to Chief, Quality Measurement Staff, IRS... PDF | More
Project Tanya To Do List (November 9, 1995) PDF | More
III. PROJECT STEELE PDF | More
Show Me the Money! Project Steele Earnings Benefits PDF | More
Letter from Thomas Finley, Managing Director, Bankers Trust Company to R. Davis Maxey, Enron... PDF | More
Letter from Thomas Finley, Managing Director, Bankers Trust Company to R. Davis Maxey, Enron... PDF | More
Letter from Thomas Finley, Managing Director, Bankers Trust Company to R. Davis Maxey, Enron... PDF | More
Letter from Frank Newman, Chairman of the Board and Chief Executive Officer, Bankers Trust... PDF | More
Letter from Thomas Finley, Managing Director, Bankers Trust Company to R. Davis Maxey, Enron... PDF | More
IV. PROJECT COCHISE PDF | More
Project Cochise Deal Basics PDF | More
Minutes, Meeting of the Board of Directors, Enron Corporation (February 8, 1999), The Four... PDF | More
Letter from Brian J. McGuire, Vice President, Bankers Trust Company, to Richard A. Causey, Senior... PDF | More
Letter from Arthur Andersen to Bankers Trust Company (May 26, 1999) PDF | More
Preliminary Project Diagram--Transfer of Preferred Stock to Akin, Gump Partners PDF | More
Preliminary Project Diagram--Dividends During Subsequent Years and Recapitalization PDF | More
Preliminary Project Executive Summary PDF | More
V. PROJECT TERESA PDF | More
Discussion Material for Enron Corporation by Bankers Trust Company (March 27, 1997) PDF | More
Project Teresa Deal Basics PDF | More
VI. PROJECT TOMAS PDF | More
Letter from Robert P. Palmquist, Arthur Andersen, to R. Davis Maxey, Enron Corporation (December... PDF | More
Letter from Brian J. McGuire, Vice President, Bankers Trust Company to Richard A. Causey, Senior... PDF | More
Enron Risk Assessment and Control Deal Approval Sheet PDF | More
Exhibit XX-Sales of Leased Assets Reported by Seneca Leasing Partners, L.P. PDF | More
VII. PROJECT CONDOR PDF | More
Letter from Arthur Andersen to Chase Securities, Inc. (September 29, 1999) PDF | More
Discussion Material for Project Condor (April, 1999) PDF | More
Internal Documentation Regarding Project Condor Issues PDF | More
Memorandum from AnnMarie Tiller, Corporate Tax Department, Enron, Regarding Proposed... PDF | More
Nighthawk Restructuring Summary PDF | More
VIII. PROJECT TAMMY PDF | More
Project Tammy I Deal Basics PDF | More
Electronic Mail from Steve Klig, Deliotte & Touche, to Alicia Goodrow, Enron Corporation... PDF | More
IX. PROJECT TAMMY II PDF | More
Project Tammy II Deal Basics PDF | More
X. PROJECT APACHE PDF | More
Initial Transaction Diagram from Presentation by Chase Securities to Enron PDF | More
XI. PROJECT NOLy PDF | More
Memorandum from Stephen H. Douglas, Enron North America, to Robert J. Hermann, Regarding... PDF | More
XII. PROJECT RENEGADE PDF | More
Discussion Material for Project Renegade (December 17, 1998) PDF | More
Tax Indemnity Agreement Between Bankers Trust and Enron (December 29, 1998) PDF | More
XIII. COLI/TOLI TRANSACTIONS PDF | More
Enron Corporation 1994 Deferral Plan, Plan Funding Conclusions and Recommendations PDF | More
Enron Corporation Executive Summary of Purchased Life Insurance Policies PDF | More
File Memorandum from J. Anthony Jarrett Regarding Sale of PGE: Options for Trust Owned Life... PDF | More
United States Bankruptcy Court, Southern District of New York, Amended Statement of Financial... PDF | More
Item 11, Attachment A, Enron Corporation, COLI/TOLI Policies PDF | More
Enron Corporation, COLI Policies Surrendered in 2002 PDF | More
XIV. STRUCTURED FINANCING TRANSACTIONS PDF | More
Minutes, Meeting of the Board of Directors, Enron Corporation (December 10, 1996); Minutes... PDF | More
Minutes, Special Meeting of the Board of Directors, Enron Corporation (September 27, 1993) PDF | More
Minutes, Meeting of the Finance Committee of the Board of Directors, Enron Corporation (October... PDF | More
Minutes, Meeting of the Board of Directors, Enron Corporation (October 13, 1993) PDF | More
Letter from Vinson & Elkins to Enron Corporation (November 4, 1993) PDF | More
Letter from Vinson & Elkins to Robert J. Hermann, Vice President-Tax, Enron Corp. (December 17... PDF | More
Letter from Arthur Andersen to Goldman, Sachs and Co. (September 13, 1993) PDF | More
Field Service Advice Memorandum from Deborah A. Butler, IRS Assistant Chief Counsel, to Janet... PDF | More
Counsel Settlement Memorandum Regarding Enron Corporation MIPS Issues PDF | More
Memorandum from Morris R. Clark to Jordan Mintz Regarding Federal Income Tax Treatment of... PDF | More
Memorandum from AnnMarie Tiller and Brent Vasconcellos, Enron Corporate Tax Planning, to Jim... PDF | More
Memorandum from AnnMarie Tiller, Corporate Tax Planning to Dave Maxey, Regarding Enron Credit... PDF | More
Electronic Mail from AnnMarie Tiller to Ryan Siurek, Yosemite III Prepay (March 27, 2001) PDF | More
RMTC Liquids (Prepay) 1999 and 2000 tax workpapers PDF | More
Memorandum from Brent Vasconcellos, Enron Tax Planning to AnnMarie Tiller, Regarding Yosemite I... PDF | More
Yosemite Financing outline of various tax issues (October 28, 1999) PDF | More
XV. USE OF FOREIGN ENTITIES PDF | More
Enron “Non-binding Intent Agreements” Policy Memorandum (March 2000) PDF | More
XVI. OFF BALANCE SHEET PARTNERSHIPS PDF | More
Memorandum from AnnMarie Tiller and Brent Vasconcellos, to R. Davis Maxey, Regarding Talon... PDF | More
Memorandum from AnnMarie Tiller and Brent Vasconcellos, to Ben Glisan, Regarding Talon I, LLC... PDF | More
XVII. OTHER COMPANY MATERIALS RELATED TO THE STRUCTURED TRANSACTIONS GROUP PDF | More
Structured Transactions Group Overview PDF | More
Volume III - Appendices C and D More
Appendix C More
PRELIMINARY PAGES (Title Page, Committee Members, Table of Contents) PDF | More
I. PROJECT TANYA PDF | More
Letter from Arthur Andersen, L.L.P. to Robert J. Hermann, Vice President Tax, Enron Corporation... PDF | More
Akin, Gump, Strauss, Hauer & Feld, L.L.P. Attorneys at Law PDF | More
II. PROJECT VALOR PDF | More
Letter from Arthur Andersen, L.L.P. to Deborah Culver, Assistant General Counsel, and Jordan... PDF | More
III. PROJECT STEELE PDF | More
Letter from Akin, Gump, Strauss, Hauer & Feld L.L.P. to R. Davis Maxey, Esquire, Enron... PDF | More
Unsigned letter from Akin, Gump, Strauss, Hauer & Feld L.L.P. to R. Davis Maxey, Esquire, Enron... PDF | More
IV. PROJECT COCHISE PDF | More
Letter from William S. McKee and James D. Bridgeman, McKee Nelson, Ernest & Young L.L.P. to R... PDF | More
Letter from King & Spalding, to Enron Corporation, Maliseet Properties, Inc. (May 14, 2001) PDF | More
V. PROJECT TERESA PDF | More
Memorandum from William S. McKee and Susan Jewett, King & Spalding to R. Davis Maxey, Director... PDF | More
Draft letter from William S. McKee and Abraham N.M. Shashy, Jr., King & Spalding, to R. Davis... PDF | More
Abraham N.M. Shashy, Jr., (for himself and William S. McKee), King & Spalding to R. Davis Maxey... PDF | More
Letter from King & Spalding to Enron Corporation (October 2, 2000) with an attachment letter from... PDF | More
Letter from Vinson & Elkins L.L.P. to Enron Leasing Partners, L.L.P. (July 17, 1997) PDF | More
Letter from Kevin A. Duvall, Partner, Ernest & Young L.L.P. to R. Davis Maxey, Vice President... PDF | More
VI. PROJECT TOMAS PDF | More
Letter from Akin, Gump, Strauss, Hauer & Feld, L.L.P. to Enron Corporation (November 23, 1998) PDF | More
VII. PROJECT CONDOR PDF | More
Draft letter from Vinson & Elkins L.L.P. to Enron Corporation (attention: R. Davis Maxey) (March... PDF | More
VIII. PROJECT TAMMY I PDF | More
Letter from Vinson & Elkins L.L.P. to Enron Corporation (attention: R. Davis Maxey) (February 9... PDF | More
IX. PROJECT APACHE PDF | More
Letter from Shearman & Sterling to Enron Corporation (May 28, 1999) PDF | More
Letter from Shearman & Sterling to Enron Corporation (May 28, 1999) PDF | More
X. PROJECT NOLy PDF | More
Letter from Vinson & Elkins L.L.P. to Enron Corporation (February 26, 2001) PDF | More
Draft letter from Vinson & Elkins L.L.P. to Enron Corporation (December 17, 2001) PDF | More
XI. PROJECT VALHALLA PDF | More
Letter from Jutta Schneider, Clifford Chance Pünder to Enron Corporation (May 2, 2000) PDF | More
Letter from Vinson & Elkins L.L.P. to Enron Corporation (September 12, 2000) PDF | More
Appendix D More
PRELIMINARY PAGES (Table of Contents) PDF | More
I. MATERIALS RELATING TO THE DUTIES OF THE ADMINISTRATIVE COMMITTEE FOR THE ENRON QUALIFIED PLANS PDF | More
Memorandum from Patrick Mackin to Administrative Committees of Enron Corp. Tax Qualified Pension... PDF | More
Presentation by Patrick Mackin to the Administrative Committee regarding Administration of the... PDF | More
II. MATERIALS RELATING TO CHANGES TO THE ENRON ESOP AND CASH BALANCE PLANS PDF | More
Enron Corp. Interoffice Memorandum Regarding Retirement Plan Changes and ESOP Access Questions... PDF | More
The Enron Retirement Program Guide PDF | More
Cash Balance Plan Benefit Examples PDF | More
Enron Corp. Retirement Plan Estimated Cash Contribution 1994-2002 (November 16, 1994) PDF | More
III. MATERIALS RELATING TO THE BLACKOUT PERIOD FOR THE ENRON SAVINGS PLAN PDF | More
Timeline Regarding the Change in the Recordkeeper under the Enron Savings Plan (Presented at the... PDF | More
Enron Corp. Savings Plan Changes, "Money in Motion" PDF | More
Electronic Mail to Employees with Blackout Reminders (October 16, 2001, 11:10 pm) PDF | More
Electronic Mail to Employees with Blackout Reminders (October 22, 2001, 10:28 pm) PDF | More
Electronic Mail to Employees with Blackout Reminders (October 25, 2001, 11:44 pm) PDF | More
Electronic Mail to Employees with Final Reminder of Blackout Date (October 26, 2001, 11:58 am) PDF | More
Electronic Mail to Enron Employees Notifying Them that the Blackout Had Ended on November 13... PDF | More
IV. EXECUTIVE COMPENSATION "WHITE PAPERS" PDF | More
Enron Executive Compensation Program "White Paper" (Updated January, 1998) PDF | More
Enron Corp. Executive Compensation Program Brochure PDF | More
V. MATERIALS PROVIDED TO ENRON BY OUTSIDE CONSULTANTS REGARDING EXECUTIVE COMPENSATION PDF | More
Letter from Towers Perrin to Dr. Charles A. LeMaistre dated December 3, 2001 (regarding... PDF | More
Letter from Towers Perrin to Dr. Charles A. LeMaistre dated November 14, 2001 (regarding bonus... PDF | More
Enron Corp. Executive Compensation Stress Test Findings (April 20, 2001) Prepared by Towers... PDF | More
Letter from Towers Perrin to Ms. Pam Butler, Director, Compensation, dated November 16, 2000... PDF | More
Letter from Towers Perrin to Dr. Charles A. LeMaistre dated January 18, 2001 (regarding... PDF | More
VI. COMPENSATION OF THE TOP-200 MOST HIGHLY COMPENSATED EMPLOYEES (1998, 1999, and 2000 and 2001) PDF | More
VII. MATERIALS RELATING TO PRE-BANKRUPTCY BONUSES PDF | More
List of Recipients of Bonuses, Including Name, Job Title, and Amount Received PDF | More
Information Regarding Individuals Who Terminated Employment with Enron Before Completing 90-Day... PDF | More
Sample Agreements Relating to Pre-Bankruptcy Bonuses PDF | More
Minutes of Board of Directors and Compensation Committee Meetings Relating to Pre-Bankruptcy... PDF | More
VIII. MATERIALS RELATING TO NONQUALIFIED DEFERRED COMPENSATION PDF | More
Pre-Bankruptcy Early Withdrawals from the 1994 Deferral Plan and the Expat Deferral Plan PDF | More
IX. MATERIALS RELATING TO SALE OF OPTIONS TAX SHELTER PDF | More
Sale of Executive Options Technique--Advantages and Disadvantages PDF | More
Diagrams of Sale of Executive Options Technique PDF | More
Draft Opinion Letter (undated, to "Client") PDF | More
X. MATERIALS RELATING TO EXECUTIVE LOANS PDF | More
Enron Corp. Account Reconciliation, Officers’ Loans (1997-2001) PDF | More
Mr. Lay Line of Credit, Recent Transactions (2001) PDF | More
Enron Line of Credit, Mr. Frevert (2001) PDF | More
XI. MATERIALS RELATING TO PURCHASE AND RECONVEYANCE OF MR. LAY’S ANNUITY CONTRACTS PDF | More
Ken Lay Insurance Swap Analysis (presented at September 14, 2001, Compensation Committee meeting) PDF | More
Letter from Towers Perrin to Dr. Charles A. LeMaistre dated November 2, 2001 PDF | More
XII. SPLIT DOLLAR LIFE INSURANCE ARRANGEMENTS PDF | More
Kenneth L. Lay Split Dollar Life Insurance Agreement Effective April 22, 1994 PDF | More
Kenneth L. Lay Collateral Agreement Effective April 22, 1994 PDF | More
Kenneth L. Lay Split Dollar Agreement Effective December 13, 1996 PDF | More
Jeffrey K. Skilling Split Dollar Agreement Effective May 23, 1997 PDF | More
Jeffrey K. Skilling Assignment of Life Insurance Policy as Collateral, Effective May 23, 1997 PDF | More
Jeffrey K. Skilling Split Dollar Premium Payment Schedule PDF | More
Letter from Towers Perrin to Dr. Charles A. LeMaistre dated November 14, 2001 PDF | More