Enron

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    • Gonzales and the Ken Lay defence

      Posted by SoxFirst

      No surprises that US attorney-general Alberto Gonzales is using the Ken Lay defence and pleading ignorance. After all, he used to be Enron’s lawyer. But under Sarbanes-Oxley, CEOs can’t use that defence. It doesn’t apply to the man in charge of prosecuting them

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    • Traders cash in on the Enron mystique

      Posted by SoxFirst

      Ken Lay's dead and his lieutenants are either in the slammer or heading there, but Enron's traders are doing very well, thank you very much. It seems that the second biggest bankruptcy in US history which wiped out 5,000 jobs and at least $1 billion in retirement funds has launched many careers. The ghost of Enron lives on

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    • Enron sentence roundup

      Posted by SoxFirst

      So Richard Causey, Enron's former chief accounting officer, has been sentenced to 5 1/2 years for his role in the scandal, 18 months less than the seven year maximum he agreed to serve when he did the last-minute plea in December to avoid trial. Andy Fastow, who also got a reduced sentenced and lowered the bar for the rest.

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      Enron's Skilling sentenced to 24-years in prison

      Posted by Billbar from Reuters

      Former Enron Corp. chief executive Jeff Skilling was sentenced on Monday to more than 24 years in prison for his part in the financial scandal that brought down the company and came to symbolize a dark era in U.S. business. U.S. District Judge Sim Lake said Skilling, 52, would remain free with an electronic monitor on his ankle until he is ordered to report to prison.

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      Kenneth Lay's Conviction Erased From Record -

      Posted by Damianmann from Washington Post

      A federal judge in Houston this afternoon wiped away the fraud and conspiracy conviction of Kenneth L. Lay, the Enron Corp. founder who died of heart disease in July, bowing to decades of legal precedent but frustrating government attempts to seize nearly $44 million from his estate. The ruling worried employees and investors who lost billions of dollars when the Houston energy trading company filed for bankruptcy protection in December 2001. It also came weeks after Congress recessed for the November elections without acting on a last-ditch Justice Department proposal that would have changed the law to allow prosecutors to seize millions in investments and other assets that Lay controlled.

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  1. thumbnail

    Damianmann comments on:

    NYT column: Many bloggers think Ken Lay still lives

    they say "bloggers" in such a sweeping way. Like ALL bloggers are insane or something. And we ALL agree on these things...because we're "bloggers"

    Reply »

    12:25 am 7/11/06
  2. thumbnail

    Jeff comments on:

    NYT column: Many bloggers think Ken Lay still lives

    Was there an open casket? Not that that would convince bloggers.

    Reply »

    11:14 pm 7/10/06
  3. thumbnail

    Damianmann comments on:

    NYT column: Many bloggers think Ken Lay still lives

    Odd isn't it?

    Reply »

    3:54 pm 7/10/06
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    SoxFirst

    Member since Dec 2008

    Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.

    Melbourne


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