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GenrXr
Master Chief Petty Officer of the Navy
Joined: 05 Aug 2004
Posts: 1720
Location: Houston
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 Posted: Thu May 25, 2006 3:46 pm Post subject: Enron - Lay and Skilling guilty |
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Lay and Skilling are about to be judged by a jury of their peers. Personally do not care for Ken Lay and think of him as an ogre, yet do buy the defense argument of a run on the money causing the collapse of the company.
Prediction: Ken Lay recieves 5 years and Skilling walks.
Update:
Skilling and Lay found guilty.
note: Topic updated/me#1
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"An activist is the person who cleans up the water, not the one claiming its dirty."
"All that is necessary for evil to triumph is for good men to stand by and do nothing." Edmund Burke (1729-1797), Founder of Conservative Philosophy |
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Deuce
Senior Chief Petty Officer
Joined: 19 Mar 2005
Posts: 589
Location: FL
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| Posted: Thu May 25, 2006 4:22 pm Post subject: Re: Verdict about to be read in Enron case |
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| GenrXr wrote: | | Lay and Skilling are about to be judged by a jury of their peers. Personally do not care for Ken Lay and think of him as an ogre, yet do buy the defense argument of a run on the money causing the collapse of the company. |
You are spot on....but it would have taken a jury of HONEST lawyers to come to the correct verdict....don't know where you'd find a dozen honest lawyers in this country!  The ONLY thing Enron should have been found guilty of is hiring TOO MANY lawyers in the first place! Perhaps this will serve as a warning to CEOs and the Military that having lawyers around doesn't necessarily keep you out of trouble!
Deuce |
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Me#1You#10
Site Admin
Joined: 06 May 2004
Posts: 6503
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| Posted: Thu May 25, 2006 4:33 pm Post subject: |
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| Quote: | Lay and Skilling guilty
Ex-CEO and founder convicted on fraud and conspiracy charges in Enron case.
May 25, 2006: 12:26 PM EDT
HOUSTON (CNNMoney.com) - Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.
On the sixth day of deliberations, a jury of eight women and four men convicted the former executives of misleading the public about the true financial health of Enron, whose collapse in late 2001 symbolized the wave of corporate fraud that swept the United States early this decade.
Skilling was found guilty on 19 counts of conspiracy, fraud, false statements and insider trading. He was found not guilty on eight counts of insider trading.
Lay was found guilty on all six counts of conspiracy and fraud.
CNN - cont'd |
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GenrXr
Master Chief Petty Officer of the Navy
Joined: 05 Aug 2004
Posts: 1720
Location: Houston
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| Posted: Thu May 25, 2006 4:40 pm Post subject: Re: Verdict about to be read in Enron case |
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| Deuce wrote: | | GenrXr wrote: | | Lay and Skilling are about to be judged by a jury of their peers. Personally do not care for Ken Lay and think of him as an ogre, yet do buy the defense argument of a run on the money causing the collapse of the company. |
You are spot on....but it would have taken a jury of HONEST lawyers to come to the correct verdict....don't know where you'd find a dozen honest lawyers in this country! The ONLY thing Enron should have been found guilty of is hiring TOO MANY lawyers in the first place! Perhaps this will serve as a warning to CEOs and the Military that having lawyers around doesn't necessarily keep you out of trouble!
Deuce |
Interesting you would say this Deuce as my father commented after the verdict that the only way for Skilling and Lay to recieve a fair judgement would be by a 3 or 5 member panel of judges.
Not far off from your thoughts. That is also assuming you can find 3 or 5 honest judges.
_________________
"An activist is the person who cleans up the water, not the one claiming its dirty."
"All that is necessary for evil to triumph is for good men to stand by and do nothing." Edmund Burke (1729-1797), Founder of Conservative Philosophy |
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MrJapan
PO1
Joined: 27 Sep 2004
Posts: 465
Location: Chiba, Japan
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| Posted: Fri May 26, 2006 9:34 am Post subject: |
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| Me#1You#10 wrote: | | Quote: | Lay and Skilling guilty
Ex-CEO and founder convicted on fraud and conspiracy charges in Enron case.
May 25, 2006: 12:26 PM EDT
HOUSTON (CNNMoney.com) - He was found not guilty on eight counts of insider trading.
CNN - cont'd |
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That was an outcome I wasn't expecting  |
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