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Sen. Gramm and Wife Deregulated Enron, Benefited from Ties.

Chicago Tribune (Chicago, IL)

| January 18, 2002 | COPYRIGHT 2002 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Robert Manor

Jan. 18--The collapse of Enron Corp. has drawn new scrutiny of a powerful Washington couple who between them played prominent roles in deregulating energy trading to the benefit of the company.

The couple, U.S. Sen. Phil Gramm (R-Texas) and his wife, Wendy Gramm, who serves on Enron's board of directors, both know Enron's top executive, Kenneth Lay--and have benefited financially from their relationship with him.

Phil Gramm has collected more than $97,000 in campaign contributions from Enron, according to the advocacy group Public Citizen. Wendy Gramm was paid between $915,000 and $1.8 million in salary, attendance fees, stock options and dividends over the past eight years, the group concluded.

"What has all of this bought" Enron, asked Sheila Krumholz, research ...

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