Results tagged “daviddelainey”

The big news from the Lay/Skilling trial yesterday wasn't so much the testimony given, but the promise of one of next week's witnesses. Andrew Fastow, the former Enron CFO and the man who put together a series of shady side deals at Enron, is scheduled to testify next week, and we imagine both sides can't wait. more ›

A former high-level Enron executive gave testimony yesterday that may be the most damaging yet to ex-Enron CEO Jeff Skilling, saying the company used monetary reserves to smooth gains and losses and pretended it wasn't a successful energy trader when it actually was. David Delainey, former CEO of Enron's retail division and its North American trading unit, began his testimony yesterday in the trial of Skilling and ex-Enron Chairman Ken Lay. Delainey became CEO of... more ›