CEO Howard Paster spearheads a seven-member Hill and Knowlton
team that is trying to salvage Enron Corp. The firm is managing
the flow of information between new management and Capitol
Hill.
Paster, the White House lobbyist for former President Clinton,
is assisted on the account by H&K vice chairman Gary Hymel,
who worked for ex-House Speaker Democrat Tip O'Neill; Paul
Clarke, a staffer in the first Bush Administration, and Brian
Hart, an ex-staffer to Republican Senator Judd Gregg of New
Hampshire.
Harlan Teller, H&K's global chief client officer, said
the firm has a team on the ground in Houston assisting Enron's
corporate PR unit. The focus is on Enron's future as a going
concern, he told this website.
Enron CEO Ken Lay resigned on Jan. 23, and left the board
on Feb. 4. President Jeff McMahon stepped down on April 19.
The Houston company is headed by interim CEO Stephen Cooper,
the managing partner of Zolfo Cooper. That firm's 85 staffers
have handled corporate restructurings, such as Federated Department
Stores, Morrison Knudsen and Polaroid. The goal is to forge
a new Enron based on its "hard" pipeline and electricity
assets.
Enron is the subject of a front-page Wall Street Journal
story today (April 26).
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