Results tagged “paularieker”

Things didn't go so well for Ken Lay in his trial last week: A former Enron exec testified that ex-Enron Chairman Lay knowingly reported false information about the company's well-being and used the company like an ATM — a high-dollar ATM, of course.

In her third day on the stand in the Ken Lay/Jeff Skilling trial, ex-Enron executive Paula Rieker continued sticking by her story Thursday that Enron leaders gave a false picture of corporate health to try to boost the company's worth. However, she said she never stopped to think about whether she and others in the company were breaking the law by doing so, probably because she was making barrels of money: She said she was...

Paula Rieker, the former managing director of investor relations at Enron, stuck to her guns under cross-examination yesterday, maintaining that the company's management gave investors and analysts a false growth story. In her second day of testimony in the Ken Lay/Jeff Skilling trial, Rieker said she "fell into the role of being a good corporate citizen" by turning a blind eye to many Enron practices she thought were questionable — and she wasn't the only one.

Enron's former managing director of investor relations, Paula Rieker, testified Tuesday that Ken Lay just might have been one of the bad guys, alleging that she directly confronted Lay about misleading outsiders, but he continued doing so anyway. It was Rieker's first day of testimony in the trial of ex-Enron Chariman Lay and former CEO Jeff Skilling.

After a long weekend, we expect the Lay/Skilling trial-ravaganza to return with renewed vigor. Last week, things ended on an upbeat note when the third witness — yes, that's right, three whole witnesses in three weeks! — took the stand. That third witness was accountant Terry West, who started working at Enron in 1981, before it was even called Enron. West testified that her boss was told in 2000 to decrease the company's estimated earnings...

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: