Mr. Powers was a law school dean and later became president of the University of Texas.
By Matt Schudel Matt Schudel Obituary writer Email Bio Follow March 15 at 11:31 AM William C. Powers Jr., a law school dean who was the chief investigator and author of 2002 report that outlined misdeeds by executives at the energy company Enron, leading to congressional investigations and criminal charges, died March 10 in Austin. He was 72.
Mr. Powers, then serving as the law school dean at Texas, was named to Enron’s board of directors, with instructions to lead an internal probe of what went wrong. He had no previous ties to the company, but watchdogs warned of a potential conflict of interest because the law school had accepted donations from Enron.
“We found something more troubling than those individual instances of misconduct and failure to follow accounting rules,” Mr. Powers told the congressional committee. “We found a systematic and pervasive attempt by Enron’s management to misrepresent the company’s financial condition.” The report offered a blueprint for congressional investigations of Enron and subsequent criminal cases against the company’s leaders and its accounting firm. Within months, Arthur Andersen was found guilty of obstruction of justice and was required to surrender its accounting licenses, effectively putting it out of business.
William Charles Powers Jr. was born May 30, 1946, in Los Angeles. His father was a teacher, his mother a homemaker.
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