Results tagged “markholscher”

Yesterday in the Lay/Skilling trial, defense lawyers hit witness Kevin Hannon right where it hurt: in the funny bone. Hannon, the former CEO of Enron Broadband Services, testified Thursday that ex-Enron CEO Jeff Skilling told executives during a May 2001 meeting, "They're on to us," referring to a Wall Street investment firm questioning Enron's earnings. On Monday, Skilling lawyer Mark Holscher asked Hannon whether Skilling might not have made the statement sarcastically: "Anything's possible," Hannon... more ›

Though ex-Enron Broadband Services head Ken Rice stuck by his story of misleading company directors, employees and analysts with regard to EBS' failing corporate health Thursday, he said he doesn't remember confronting former Enron CEO Jeff Skilling about the deception. Much of Rice's third day on the stand in the trial of Ken Lay and Skilling was spent under cross-examination by Mark Holscher, one of Skilling's lawyers, who tried to undermine some of Rice's accusations about deceptive earnings reports: more ›

During his second day on the witness stand, former Enron Broadband Services head Ken Rice said his company might have had potential to perhaps succeed, maybe, sometime in the future if it had survived Enron's 2001 collapse. On his first day on the stand, prosecutors focused Rice largely on what was wrong at the company. On Tuesday, Rice said he and Skilling misrepresented the financial health of the failing broadband business to help a stock... more ›