Houston (Texas): The downtown Houston headquarters of collapsed energy titan Enron
evoke an old West ghost town. Entire floors of the once bustling mirrored-glass
building are practically deserted, divisions wiped clean and thousands of former
employees absent from the desks they once occupied.
Inside the company's 50-story tower, the memory of the largest corporate failure in
US history looms large, like the silver Enron logo outside the main entrance that
once reached for the sky and is now just seen as crooked.
Once the United States' seventh-largest company, Enron is now the target of a series
of government investigations and is struggling to salvage whatever it can, as its
subsidiaries are sold off one by one and some 4,500 of its 7,000 employees seek
other work.
From time to time, remaining employees emerge from the Smith Street building, alone
or in groups, to smoke cigarettes in a park across the street.
Morale here has hit an all-time low.
"There is not much of an ambiance," confides a computer technician, speaking on
condition of anonymity. "It looks like a funeral home. It's actually pretty
depressing."
"Some floors are completely deserted," he adds. "On mine, there must be 50 people
left, instead of maybe 300 before."
Across the street, a new $ 200 million high-rise, which Enron built to unclutter its
crowded headquarters, stands vacant.
Just a short while ago, the streets here were lively and teeming with people. Enron
was one of Wall Street's darlings, its stock a hot seller and confidence in the firm
unwavering.
Now, in the Enron building's lobby, the television screens that once displayed
financial news have been switched off and security guards stand watch to make sure
no undesirable visitors get past their post.
The Federal Bureau of Investigation (FBI) agents and Securities and Exchange
Commission investigators who came to the building three weeks ago are long gone, as
are the trucks from various television stations that were camped outside the
building day and night after the firm filed for Chapter 11 bankruptcy protection on
December 2.
Several police cars still guard the entrance to the building.
Inside, though, it is mostly business as usual for the bank, coffee shop and
athletic centre though the monthly fee has jumped from $ 10 to $ 25.