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It was a very difficult 10 years of very hard work.
Was I believer in Enron Corporation? Yes, sir, I was.
The indictment, in a lot of ways, that was the turning point.
Mike, we are a green energy company, but the green stands for money.
Well, as we built the business in the 1990's, as I said, I enjoyed that.
I think we had made some tremendous progress in the six months before I left.
I sold some shares, but on a net basis, significantly increased my ownership.
You can never say everything you want to say. I feel I had a fair opportunity to explain a lot of the questions.
Larry, I spent probably most of my professional life helping to build Enron Corporation. I don't think there was anyone that was as shocked by the - by the collapse of the company as I was.
Well, actually, I had been working as a consultant to former companies of Enron, or predecessor companies of Enron and, so, I joined in 1990 to really start our wholesale merchant business.
Are the things that now, in retrospect, with what I've seen happen to my company, would I have done some things differently? I think - I think we all would do - we would do a number of things differently.
We built that into a wholesale business that became, really, one of the largest companies in the United States. We had success in building new markets, opening markets for competition, and that takes a personal toll.
I thought the stock was a great buy. I think anybody that bought the stock in 1999 was - saw over the next couple of years a strong growth. During the year of 1999, I significantly increased my ownership of shares in the company.
We were building a - what I thought was a fantastic company. We had great people. We were changing - we were changing the way the marketplace operated. We were creating a market for natural gas and electricity that had never existed before.
In the business world, allegations of accounting irregularities is tantamount to yelling fire in a crowded theater, except, today, in our Internet world, instead of people running for the exit signs, they just push the button on their computer.
In the fall of the year 2000, there just happened to be a decision point when they asked me to become Chief Executive Officer of the company. It was a time when, as you remember, we were starting to have some real problems in the California energy markets.