Former Enron executive's suicide note released
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Posted 7:49AM on Friday, April 12, 2002
SUGAR LAND, Texas - An anguished note written by a former Enron Corp. executive before his suicide in January makes no specific mention of the energy giant's collapse, although it says "where there was once great pride now it's gone."<br>
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The police department in this Houston suburb released the five-sentence note from John Clifford Baxter immediately after the Texas attorney general's office issued an opinion that the document was a public record.<br>
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Baxter, who resigned as vice chairman in May 2001, months before Enron collapsed, was found dead of a self-inflicted gunshot wound on Jan. 25. He was 43. His family had opposed release of his handwritten note, citing privacy issues.<br>
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The note, addressed to his wife, Carol, said: "I am so sorry for this. I feel I just can't go on. I have always tried to do the right thing but where there was once great pride now it's gone. I love you and the children so much. I just can't be any good to you or myself. The pain is overwhelming. Please try to forgive me." It was signed, "Cliff."<br>
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The note was handwritten in all capital letters on a blank sheet of paper. An attorney for the family, Pike Powers, has said it was left in Carol Baxter's car in the garage of the family home. The home is a half-mile from the spot where his body was found.<br>
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The attorney general's office had until Friday to make a decision. It turned aside arguments that the note might embarrass or invade the privacy of Baxter's family, "given the substantial public interest in the causes of Enron's failure and its far-reaching consequences."<br>
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The opinion also determined that Baxter became a public figure. He had been a defendant in investor lawsuits because of Enron stock sales that netted him about $35 million before the energy giant's stock price began falling last year.<br>
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Enron's collapse was the biggest bankruptcy in U.S. history.<br>
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Baxter was named in an explosive warning that another Enron executive sent to company Chairman and Chief Executive Kenneth Lay in August about questionable financial practices.<br>
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"Cliff Baxter complained mightily to (then-CEO Jeff) Skilling and all who would listen about the inappropriateness of our transactions with LJM," Sherron Watkins wrote. LJM is one of the partnerships apparently used to keep a half-billion dollars in losses off Enron's books.<br>