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    • Skilling to the slammer

      Posted by SoxFirst

      Former Enron chief Jeff Skilling is expected to start his sentence today at the Federal Correctional Institution in Waseca, which lies south of Minneapolis. The prison is a former branch campus of the University of Minnesota that a decade was converted into a low security prison.

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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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    • Skilling's day approaches

      Posted by SoxFirst

      Ken Lay's conviction has been wiped, Andrew Fastow has won a reduced sentence and on Monday, it's Jeff Skilling's turn to face the judge. What happened to Lay and Fastow might actually work against the former Enron CEO and the smart money is betting on him getting a 20 to 30 year sentence, plus financial penalties.

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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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