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Skilling Gets 24 Years
Ex Enron CEO Jeffrey K Skilling sentenced to 24 years 4 months, slightly less than 25 years given to Bernard Ebbers of WorldCom, closing chapter in scandal of corporate governance in the US in wake of 2001 equity market fall NY Times Lawyers say sentences too harsh, white-collar criminals denied all mercy 24.10.06 Guardian, US Corporate Governance
Skilling Sentencing Today
Ex-Enron CEO Jeffrey K Skilling faces sentencing today, under tough new guidelines, US District Judge Simeon T. Lake III expected to hand down 25 years, ensuring disgraced executive spends rest of life in prison 23.10.06 NY Times, US Corporate Governance
Skilling
Ex-CEO insists on innocence, says prosecution witnesses lied, insists Enron was competitive and he never knowingly falsified financial position 12.04.06 BBC
Skilling Testifies
Ex-CEO Jeffrey K. Skilling says he is 'absolutely innocent', claims Enron's finances were too strong to need fraud, charts showing firm's 'explosive growth', but no answer to question of selling stock on inside information 11.04.06 NY Times
Enron's Lawyers
In-house counsel James Derrick 'astonished' to hear Fastow had confessed to stealing, Enron had rigorous controls on deals Vinson & Elkins lawyer Max Hendrick dismissed whistleblower Sherron Watkins as 'office gossip' Washington Post Defence prepares ex-CEO Skilling to testify 06.04.06 Washington Post
Liar Lay
Ex-treasurer Ben F. Glisan Jr says plainly that chairman Lay and CEO Skilling lied to shareholders, media, analysts, credit rating agencies 23.03.06 NY Times
Witness Character
Lay and Skilling defence lawyers go for foibles and eccentricities in prosecution witnesses, accentuate lack of humour, aggressive manner, over-sensitivity, Sherron Watkins was known as 'buzzsaw' Washington Post Jailed ex-treasurer Ben F. Glisan next witness 20.03.06 NY Times
Watkins Testimony
Sherron S. Watkins recounts her famous warning to Lay about special loan vehicles, Raptors, owed Enron $500m but had only falling Enron stock as collateral, 'accounting does not get that creative' 16.03.06 NY Times
Fastow Testimony
CFO admits he has no written evidence tying CEO Skilling or chair Lay to abuse of special partnerships 10.03.06 NY Times
Fastow Accuses
Ex Enron CFO Andrew Fastow testifies former CEO Jeffrey Skilling knew all about 'artificial earnings' generated by special partnerships, ex-chair Kenneth Lay and board encouraged policy 08.03.06 NY Times, US Corporate Governance, Sarbanes Oxley