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The First Art Newspaper on the Net |
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Established in 1996 |
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Wednesday, July 3, 2024 |
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Enron’s Art Collection Wating to Be Sold |
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HOUSTON, TEXAS.- The art committee at Enron Corp. had an initial budget of $20 million tu acquire art and did so until the company had its disaster. The majority of these works are now in storage wating for them to be sold. The committee was headed by Lea Fastow, wife of Enron’s then-chief financial officer Andrew Fastow. Dr. W. Michael Hoffman, director of the Center for Business Ethics at Bentley College stated, "To be amassing a collection of art while the ship is sinking — it’s the symbol of the thing."
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