Enron, Reuters And Samuel L Jackson

CityNews writes up three interesting and completely unrelated stories currently doing the rounds.

First up, Enron. And former CEO Ken Lay has given up his year long fight with US authorities and agreed to produce documents required by regulator the Securities and Exchange Commission (SEC) in connection with its probes into the failed energy giant. Lay originally withheld the documents on the basis that their production could violate his Fifth Amendment rights against self-incrimination. The SEC is now free to use the documents in any future litigation against Lay.

Reuters is said to have now apologized to the UK government. The news agency itself recently made the news when it leaked sensitive economic data an hour ahead of its release to the public. The leak, which Reuters describe as 'an isolated incident', apparently occurred when one of the news agency's over-eager trainee journalists was able to obtain the figures from a junior Treasury official, without his knowledge. The Independent reports that the trainee journalist and junior treasury official, who was authorized to have the information, share a flat. The journalist is said to have been disciplined.

And finally, there appears to be a little misunderstanding about Samuel L Jackson's future role as a front man for Barclays Bank's current advertising campaign. The Telegraph reports the following recent statements.

'We have used Samuel for a couple of years, but my inclination is that the remaining ads in the campaign will be his last. Samuel has never been the idea, he's always been the vehicle for the idea and I don't think we'll go back to using him'.

(Executive Creative Director, Bartle Bogle Hegarty (ad agency), quoted in Campaign, October 7th).

'It is our view that the article in Campaign reflected the speculation of an individual. We are thrilled with the considerable success of our Fluent in Finance campaign with Samuel L Jackson. As the client, we make the decisions with regard to our advertising. Samuel L Jackson has not been dropped and will be appearing in two new Fluent in Finance advertisements for Barclays next year'. (Barclays spokesman, 31st October).


JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News