Enron Corp. - University of California | Office of The President

as vice president of Wholesale Operations Services for Enron Capital & Trade Resources (ECT),
where she was "responsible for deal capture and documentation, risk management administration,
logistics and client services for ECT's wholesale operations." She also served in various management
capacities within Enron's interstate pipeline companies, including vice president of Finance, Planning
and Administration for Transwestern Pipeline, and vice president for Enron's Gas Accounting and
Gas Management functions. Olson joined Enron in 79 in the Northern Natural Gas Corporate
Auditing Department. Enron Press Release, 10/11/96.
(q.5) Olson also had knowledge of the fraud alleged in the Sherron Watkins letter.
Olson testified in hearings on Capitol Hill that Watkins had come to her in the Summer of 01 asking
Olson's advice as to whether she should approach Lay with concerns about accounting problems she
believed threatened to bring down the company. Even after reading the scathing indictment of the
Company Olson did nothing other than schedule a meeting with Lay. Olson also testified that she
never followed up with Lay or anyone else regarding the letter. She did however sell her own Enron
ESOP shares after seeing the Watkins letter. See "Execs Say They Tried to Protect Workers'
Money," Houston Chron., 2/5/02; see also Letter to Elaine L. Chao, Secretary of Labor from Rep.
George Miller (D-Calif.), 2/8/02.
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