| Author |
Message |
    
MBJ
Citizen
Username: Mbj
Post Number: 105
Registered: 10-2005
| | Posted on Monday, January 30, 2006 - 3:10 pm: |     |
Do they walk, or do the prosecuters have enough to convince a jury that they knew exactly what was going on inside their company? |
John Caffrey
Citizen
Username: Jerseyjack
Post Number: 31
Registered: 11-2005
| | Posted on Tuesday, January 31, 2006 - 10:34 pm: | |
NPR reported that the prosecutor's opening included a tape of Skilling saying these are the facts ---(business sucks) and now this is what we will promulgate.
After the tape, Skilling's lawyer congratulated the prosecutor.
--Doesn't look good for Skilling. |
doulamomma
Citizen
Username: Doulamomma
Post Number: 904
Registered: 3-2002
| | Posted on Wednesday, February 1, 2006 - 7:47 am: | |
On a related note, the Enron scandal documentary, "Enron: The Smartest Guys In The Room", was nominated for an oscar! (Several local folks involved in production) |
tjohn
Supporter
Username: Tjohn
Post Number: 4005
Registered: 12-2001
| | Posted on Wednesday, February 1, 2006 - 2:19 pm: | |
I am disappointed with Texas. Back in the day, Messrs. Lay and Skilling would have been introduced to Mr. Colt. Now, well, it seems like the rule of law is afflicting Texas. |
MBJ
Citizen
Username: Mbj
Post Number: 112
Registered: 10-2005
| | Posted on Wednesday, February 1, 2006 - 3:18 pm: | |
What happened to innocent until proven guilty? |
Tom Reingold
Supporter
Username: Noglider
Post Number: 12283
Registered: 1-2003
| | Posted on Thursday, February 2, 2006 - 10:43 am: | |
tjohn was being sarcastic, for sure. We're not convicting them, but we expect (or at least hope) that a court will.
|
tjohn
Supporter
Username: Tjohn
Post Number: 4010
Registered: 12-2001
| | Posted on Thursday, February 2, 2006 - 10:48 am: | |
MBJ,
Whatever happened to the idea that the captain is responsible for his ship - no exceptions.
Or is accountability a 20th Century idea. |
Joe
Citizen
Username: Gonets
Post Number: 1151
Registered: 2-2004
| | Posted on Thursday, February 2, 2006 - 11:15 am: | |
I like the Japanese tradition of the disgraced leader committing seppuku. |
MBJ
Citizen
Username: Mbj
Post Number: 114
Registered: 10-2005
| | Posted on Thursday, February 2, 2006 - 11:47 am: | |
Nothing has happened to it. It's just that some of these accounting transactions were so complicated and technical that that it should be interesting to see if the "I didn't know" defense will fly. For instance, the whole thing involving those "Chewco" and "JEDI" SPEs. They kept a large amount of debt off the books because they supposedly met the criteria of having an independent, non-ENRON related party investing in them of at least 3% of the entity's equity. Were Lay and Skilling aware of them? Obviously they were. Were they aware that a portion of the 3% "independent equity" investment in them came from Michael Kopper's homosexual lover, which could be deemed as not "independent" and thus would nullify the SPE treatment? Perhaps not. |
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