Cowlix Wearing my mind on my sleeve

Wednesday, January 23, 2002
Enron and Florida's pension fund

State's late Enron buys questioned

A New York firm that bought Enron stock for Florida's pension fund is being investigated for possible conflict of interest because it allowed an executive to sit on the failed energy-trading company's board.

State officials said Thursday that they did not learn until late last year that Frank Savage, a top executive of Alliance Capital Management Corp., was a member of the Enron board.

The state lost more than $300 million in the collapse of Enron. [via Red Rock Eater]

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wcowley@cowlix.com