Enron Corp. CEO gives resignation

HOUSTON -- Enron Corp. President Jeffrey McMahon, who complained two years ago about financial partnerships that helped fuel the company's downfall, said Friday he would resign.

McMahon, 41, said he decided his resignation, effective June 1, was necessary to help ensure Enron's successful reorganization into a mover of electricity and natural gas.

"For that effort to have every chance of success, it became clear that outside leadership is required," he said.