In Memory of the Hero Who Helped Expose Enron & Other Frauds: Doug Millett Former Partner of Kynikos Associates
September 22, 2013 Leave a comment
Sad News out of HF land: Doug Millett, former COO of Kynikos and a veteran l/s, lost a battle with cancer this pm. A nice man, RIP.
— Roddy Boyd (@BoydRoddy) September 22, 2013
“In several phone calls Jim Chanos and his chief operating officer Doug Millett, pitched her (Bethany McLean) the Enron story. The company, they said, was nothing more than a hedge fund sitting on top of a pipeline. But despite having the risks of a high-stakes trader, it had the returns on investment of a car company.” – Conspiracy of Fools, a True Story
” ‘I had been in touch with Doug Millett, who worked for James Chanos.’ She (Bethany McLean) reported that Millett suggested she look at Enron’s financial figures.” – The Inside Stories of Modern Political Scandals
“in the memorable words of Doug Millett, Kynikos’ chief operating officer–it simply didn’t make very much money.” – Why Enron Went Bust Start with arrogance. Add greed, deceit, and financial chicanery. What do you get? A company that wasn’t what it was cracked up to be. http://money.cnn.com/magazines/fortune/fortune_archive/2001/12/24/315319/index.htm
I’m told by a gentleman familiar with Doug Millett, that Millett also helped uncover many other frauds, fads and failures, especially of the dot com variety.
Not to mention, Marc Cohodes, who helped uncover the frauds formerly known as Lernout & Hauspie, Aremissoft, Novastar, and many more, had this to say:
Lost a comrade today . They broke the mold when they made him . Rest in Peace Doug, will be seeing you along the way.
— Marc Cohodes (@AlderLaneeggs) September 22, 2013
Rest in peace.