Remember how Ken Lay and Jeff Skilling's desks were being auctioned for charity on eBay? Well, when the auctions closed Saturday night, Skilling's desk had a new owner, but Lay's didn't: The high bid of $25,000 for the former Enron chairman's desk fell $1 short of the reserve price of $25,001, the Chronicle reports. Oh, the heartbreak of eBay! To refresh your memory, the two desks — identical, massive pieces of furniture designed by Gensler...
1
Results tagged “formerenron”
Former Enron CFO Andy Fastow is scheduled to be sentenced this morning, and he might have some unwanted company at his hearing: U.S. District Judge Kenneth Hoyt has invited former Enron employees to attend and talk about how Enron's collapse affected their lives. Wonder if he'll learn any new words?
Former Enron Chairman Ken Lay finished his cross-examination yesterday, defending his stock sales, the millions he withdrew from Enron as it was collapsing and having ignored warnings from employees about the company's failure. Lay continued wrestling with prosecutor John Hueston through the day's questioning, accusing him of being "unfair" and "mischaracterizing."
Former Enron Chairman Ken Lay continued spinning his story of innocence at his trial yesterday, maintaining that Enron's collapse was the fault of ex-CFO Andy Fastow, short sellers and the financial journalists at The Wall Street Journal. Lay stressed that be believed Enron was doing just fine, which means he couldn't possibly have been lying to people when he told them things were OK at the company even as it was sliding toward corporate doom...
Former Enron CEO Jeff Skilling began testimony under cross-examination yesterday, quickly finding that prosecutor Sean Berkowitz wasn't going to give him much latitutde. Berkowitz seemed very well-versed in Skilling's deals at Enron, pressing the former executive on details of his deals and side deals and trying to unravel the defense's portrayal of Skilling as a regular ol' good guy who is unfairly burdened by false accusations.
Former Enron CEO Jeff Skilling continued testifying in his and ex-Chairman Ken Lay's trial yesterday, maintaining his innocence and saying he didn't remember doing some of things he's been accused of.
Former Enron CEO Jeff Skilling began the rather tough task of convincing the jurors that he's just like you and me — er, like them — during his first day of testimony in his and ex-Enron Chairman Ken Lay's trial yesterday. Skilling, you'll remember, was known for the grace and charm with which he treated people during his days at the Big E (there was that infamous conference call during which Skilling called an analyst...
Former Enron Treasurer Ben Glisan Jr. continued his testimony in the Ken Lay/Jeff Skilling trial yesterday, telling jurors about more cases in which the ex-Enron chairman and CEO misled investors and analysts about the company's faltering health in the months leading up to its collapse. Glisan's testimony could do a lot to undermine Lay and Skilling's defense, which is built on the notion that the company imploded because of a "run on the bank" after news came out of former CFO Andy Fastow's crooked ways.
Former Enron treasurer Ben Glisan Jr. took the stand in the Ken Lay/Jeff Skilling trial Tuesday, telling jurors that he helped make Enron look like it wasn't having serious financial problems — and that his former bosses not only knew about the trouble, but lied to the public about it.
Former Enron CFO Andrew Fastow wrapped up his testimony yesterday, maintaining that he and other Enron executives broke the law despite hammering by defense lawyers. It was ex-Chairman Ken Lay's lawyer Mike Ramsey's turn to cross-examine Fastow on Monday, and he repeatedly accused Fastow of exaggerating his testimony to try to make himself look better.
As we enter the seventh week of the trial of ex-Enron Chairman Ken Lay and ex-CEO Jeff Skilling, the Chronicle takes a look at some of the iffy investments Enron made before it imploded. The foreign energy deals weren't nearly as stable as Enron execs indicated, but most of them are still operational — though, as the Chronicle notes, it's not clear how well they're doing today.
Former Enron CFO Andrew Fastow delivered more goods for the prosecution during his testimony Wednesday and didn't back down from his accusations against Ken Lay and Jeff Skilling despite a full assault from Skilling's lawyer Daniel Petrocelli. In his second day of testimony in the trial of ex-Chairman Lay and ex-CEO Skilling, Fastow told jurors that Lay knowingly misled reporters and employees about the company's health.
Former Enron investor relations head Mark Koenig went on the defense yesterday as Ken Lay and Jeff Skilling's lawyers tried to attack his credibility by asking why he didn't get himself fired. Last week, Koenig testified to prosecutors that he helped artificially inflate Enron's profits to fool investors and analysts — and he said Lay and Skilling were active in that deception. Which left the natural question for the defense: Why didn't Koenig tell anyone,...
« Previous
1
Next »