Results tagged “goldmansachs”

Ken Lay burst into his first day of cross-examination yesterday, angrily denying that he had tried to influence witnesses and implying that prosecutor John Hueston was one of the people Lay accused of carrying out a "character assassination" against him. Lay, the former Enron chairman, has been on the witness stand in his and ex-Enron CEO Jeff Skilling's trial all week; Wednesday was the first of as many as three days he'll spend being questioned by government prosecutors.

In a bit of news that's left Houstonist scratching its head in bewilderment, Harris County agreed to hire three investment banks to study what to do with the county's toll road sytstem: sell it, lease it or leave it alone. The studies, expected to be conducted by JP Morgan Securities, Goldman Sachs and Citigroup, will cost a cool $1 million — but look at the potential return: