Enron
Coverage of Enron in the Nexus archive.
- USC just shattered its fundraising record by nearly $100 million—thanks partly to the billionaire family behind the Houston Texans
The University of South Carolina shattered its fundraising record in 2026, raising a total of $357.6 million in private donations. This significant increase was partly driven by the Robert and Janice McNair Foundation, which donated $25 million to USC that year. The foundation's giving is part of a long-standing philanthropic partnership between the couple and the university.
- The AI boom has echoes of Enron — but that might be okay, a tech guru says
AI and analytics guru Ram Bala warns that current tech giants are employing financial strategies mirroring Enron, citing practices related to debt handling, demand forecasts, and circular deals. While acknowledging the AI buildout is entirely legal, he cautions that private credit and overly optimistic, marked-to-model projections create significant hidden risks for borrowers and lenders. He notes that even seemingly routine transactions, like Nvidia investing in OpenAI, could be viewed as risky vendor financing.
- Citadel: the hedge fund that became an energy giant
Ken Griffin built Citadel, a commodities empire extending beyond financial trading, emerging from the aftermath of Enron.
- Trump’s crooked ‘art of the deal’ with Big Oil
The article discusses Donald Trump's corrupt deal with Big Oil, citing it as the most corrupt in US history. It mentions several big oil scandals over the last century, including Teapot Dome and Exxon Valdez. The article criticizes Trump's actions as a significant issue.