Corporate & Financial Accountability

Michael Winston

Michael Winston Michael G. Winston was a high-level executive at Countrywide Financial tasked with writing a report about Countrywide’s succession planning and other governance issues to allay concerns expressed by Moody’s Credit Services. Winston refused to write the report as he had seen no succession plan, nor knew if one even existed. Soon [...]

Sherron Watkins

Sherron Watkins Sherron Watkins was Vice President of Corporate Development at Enron, a Houston-based energy company that grew to employ 20,000 staff and claimed revenues of over $100 billion in 2000 before its collapse in 2001. After recognizing accounting irregularities within the company, Watkins alerted then-CEO Ken Lay in a 2001 memo, warning [...]

Richard Bowen

Richard Bowen As a business chief underwriter for Citigroup during the housing bubble and subsequent financial crisis, Richard Bowen repeatedly cautioned executive management and the board of directors that roughly 60 percent of prime mortgages were defective. He also warned about risks associated with Citigroup’s practice of lowering its standards for subprime mortgage [...]