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Results for have skilling. Search took 0.65 seconds.
Madoff's tough spell
in Sox First, on July 1, 2009
...n opportunity to take that man out and be in the paper and make a name for themselves, what do they have to lose," one prison consultant told Bloomberg .... ...t was handed out to the likes of Denis Kozlowski (8 to 25 years), Bernie Ebbers (25 years) and Jeff Skilling 24 years and 4 months). Madoff's attorney Lee Sorkin has described the sentence as &qu...
The recession: blaming the business schools
in Sox First, on May 21, 2009
...fference in the world. It just wasn't the difference the school had hoped for. Business schools have shown a remarkable ability to miss the economic catastrophes unfolding before their eyes. In th... ...radigm. The admiration was mutual: Enron was stuffed with Harvard Business School alumni, from Jeff Skilling, the chief executive, down. When Enron, rotten to the core, collapsed, the old case studies...
Blagojevich and Spitzer: a moral tale about power
in Sox First, on January 8, 2009
...who was forced to resign after it was revealed he was Client No. 9 in a high-end prostitution ring, have both been nominated in a poll as the two naughtiest politicians for 2008. But Spitzer and Bl... ...e, this applies not only to politics but to business as well. That's why high flyers, from Jeff Skilling to Conrad Black who had all the money and success in the world, couldn't hold themselve...
Tim Geithner: crisis manager
in Sox First, on November 22, 2008
...ty of the world's savings and the optimism produced by the acceleration in productivity growth, have all worked to lower expected future volatility and risk premia. The reduction in credit losses ... ...letting Lehman Brothers go bust, claiming with his typical moderation that he prefers Ken Lay, Jeff Skilling or Bernie Ebbers. But as The Wall Street Journal suggests, Geithner is the kind of perso...
The Lehman legacy
in Sox First, on October 7, 2008
...e market. Talk about deja vu!!! Is it any wonder that Bloomberg columnist Joe Mysak says bankers have now lost all credibility and it will take them decades to recover. "As for the bankers, t... ... to comment." Meanwhile, Lehman Brothers chief executive officer Richard Fuld is doing a Jeff Skilling. students of US corporate history will remember that the former Enron chief appeared before...
Will Jeff Skilling walk?
in Sox First, on June 23, 2008
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Jeff Skilling got a sentence twice as long as other Enron convicts. Enron's former chief executive is now serving 24 years in the slammer but he has an appeal underway. Now there are suggesti...
Jeff Skilling's appeal
in Sox First, on April 4, 2008
...t guilty because what he did benefited Enron, even if it was fraudulent. Therefore, he couldn't have deprived Enron of his 'honest services'. Skilling, Petrocelli said, 'acted in Enron... ...
Former Enron boss Jeffrey Skilling, who has been sentenced to 24 years in prison for insider trading and fraud, has begun his appeal against the sentence. His lawyer, Dan Petrocelli, pleaded ...
Criminalizing capitalism: Sarbanes-Oxley and the latest crisis
in Sox First, on February 15, 2008
...heir employees, pursuing big bonuses, had an incentive to take bigger risks than shareholders might have recognized? And didn't the CEOs realize that their opaque models for structuring and valuin... ...ket holdings. I can't agree with her comments about Enron and her claims that Ken Lay and Jeff Skilling were the victims of juror prejudice and ignorance. The bottom line is that Enron cre...
Skilling fights on
in Sox First, on December 22, 2007
...acting in the best interests of the company which means the "honest services" allegations have no place. "Where the employee's conduct is designed to further the employer's stat... ...
Back in September, I did a blog entry looking at Jeff Skilling's attempts to get either a retrial or acquittal. He has again asked to be free on bond while his case is appealed and you can r...
Enron, stakeholders and the consequences for corporate governance
in Sox First, on November 27, 2007
... for defendants, bad character of defendants, witnesses not coerced, what defendants knew or should have known, the verdict based on careful review of the evidence, witness testimony weighted accordin... .... What he found was that most common type of statement noted the bad character of Ken Lay and Jeff Skilling, or both. This included references to their greed, controlling nature, and"disgraceful...
Was Ken Lay a typical CEO?
in Sox First, on September 17, 2007
... He might well have been according to a though-provoking study from the University of Rochester 's James Brickley. The study The Role of CEOs in Large Corporations:Evidence from Ken Lay a... ...ips that brought about the company's collapse. By contrast, he met 29 times with president Jeff Skilling, and 35 times with his chief of staff. Also, the records show Lay travelled extensively, m...
"It wasn't me" says Jeff Skilling
in Sox First, on September 8, 2007
...re anyone knew what happened at Enron: no matter what the facts and whatever the law, someone would have to pay for Enron's failure. That someone was Jeff Skilling-the last man standing when the c... ...
Maybe Jeff Skilling has taken some lessons from fellow-fraudster Conrad Black who put up a motion asking for either a retrial or acquittal , claiming the prosecution had not proved its case. Now...
Go to jail: a corporate executive survival guide
in Sox First, on May 23, 2007
...aces 30 years in jail and will be sentenced on June 26. Once upon a time, Government lawyers would have moved on. But times have changed. "Once they have have identified a CEO as a target, fede... ...Commission lawyer Jacob Frenkel told Bloomberg . He's not wrong. Enron's former chief Jeff Skilling is now serving a 24-year sentence and Enron's founder Ken Lay had to die in order to es...
Does the punishment fit the crime? Securities fraud and home invasion
in Sox First, on May 18, 2007
...ive sentences handed out to the likes of WorldCom's Bernie Ebbers and Enron's Jeff Skilling have sparked plenty of debate about whether the punishment fits the crime. Writing in The Atlantic... ...
The massive sentences handed out to the likes of WorldCom's Bernie Ebbers and Enron's Jeff Skilling have sparked plenty of debate about whether the punishment fits the crime. Writing in The...
Deja vu with Blackstone's Enron-style accounting
in Sox First, on April 19, 2007
...nron did a deal which might result in, say, $50 million profit in 10 years' time, it didn't have to wait until the money rolled in to put the profit on the books. Just doing the deal meant it ... ...deals led to massive losses, but using mark to market and a string of other accounting tricks, Jeff Skilling and executives like Andy Fastow were able to constantly report growth in their quarterly re...
Azim Premji's Thoughts on the Talent Shortage problem in India
in The CIO Weblog, on April 6, 2007
...ny run a very important program which we call Wipro Academy of software engineering which we have been running for 9 years. In the next 12 months we will recruit 3500 people into it who are BSc... ...rget. The other important development on this is that there is a significant movement towards right skilling, people which you are hiring for software professional jobs and for BPO jobs, and by means ...
Ken Lay's $25,000 desk comes up $1 short
in Sox First, on March 27, 2007
...ement that it was flogging the desks of Enron chairman, the late Ken Lay, its chief executive Jeff Skilling (now doing 24 years time) and Richard Kinder on eBay for charity. You can check out th...
Nick Leeson wants to come back
in Sox First, on March 9, 2007
...s are indicted in insider trading schemes. Last week's insider case netted 14 people alleged to have swindled $15 million by trading on bank info gleaned in part by Randi Collatta, an compliance a... ...Leeson returning to trading would be like Donald Rumsfeld considering another crack at Iraq or Jeff Skilling planning a return to management, says David Weidner at MarketWatch. But as Weidner says,...
Top 10 business shenanigans for 2006
in Sox First, on December 25, 2006
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What a year it's been! The stories have just kept coming, and certainly kept me busy here. Scandals and litigation have all been part of the mix covered by Sox First this year. And Governments...
Skilling to the slammer
in Sox First, on December 13, 2006
... that authorities there are looking forward to meeting him. As the mayor told Steffy: "We do have a little bit of a buzz going about Mr. Skilling. He will be our most infamous inmate."
... ...
Here is the view from Jeff Skilling's four-bunk cell at the Federal Correctional Institution in Waseca, which lies south of Minneapolis. The undated photo, provided by the US Department of Cor...
Corporate governance turkeys of the year
in Sox First, on November 23, 2006
Yes, it's that time of year to nominate the biggest turkeys since last November. This year's list is extensive. There's no shortage of candidates so I thought better list them all and let you decide.
Traders cash in on the Enron mystique
in Sox First, on November 21, 2006
...ment funds has launched many careers, says the Wall Street Journal's CareerJournal.com. Jeff Skilling's lieutenant Lou Pai, the key architect of Enron's trading operations, is now a sil...
Enron sentence roundup
in Sox First, on November 17, 2006
...y asked to be sent to FCI Butner, a medium security prison located in North Carolina where he would have joined Jonathan Pollard, a former civilian navy analyst serving a life sentence for pass... ... And nowhere near the 24 years-plus sentence handed down to Enron's former chief executive Jeff Skilling. As Loren Steffy says in the Houston Chronicle , the shadow of Fastow was lingering nearb...
SOX for auditors
in Sox First, on October 28, 2006
...controls under Section 404 of the Sarbanes-Oxley Act of 2002 are too detailed and too expensive and have made auditing firms rich without accomplishing much for the clients. "They say auditors u... ...s going to be, and should be, a relook at Sarbanes Oxley in a more calm atmosphere now that Jeffrey Skilling is going to be out of circulation for a while." His comments echo those of Treasury s...
Grasso takes aim
in Sox First, on October 27, 2006
...w, I've been thinking it over, and I don't want to leave after all'? Would the response have been 'OK, that's fine, Dick. Stick around'? He also points out that there was full... ...osure, David Weidner from MarketWatch seems to have had second thoughts in his latest piece . The Skilling sentence and the Grasso decision were part of a good week for underdogs but this could end ...
The awful job hunter as a model of corporate ethics
in Sox First, on October 26, 2006
...age CV and accompanying video he submitted to UBS was posted on YouTube. His purported achievements have been exposed as fabrications . In case you haven't seen the video, here it is: If t...
The Skilling sentence: response and analysis
in Sox First, on October 25, 2006
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As expected, Jeff Skilling had the book thrown at him on Monday and got an effective life sentence. With the smart money betting on the former Enron CEO getting a 20 to 30 year sentence, a jail te...
Skilling's day approaches
in Sox First, on October 21, 2006
...or a 20 to 30 year sentence plus financial penalties. "In theory, the death of Ken Lay should have no impact on the sentence that Mr. Skilling receives. But it's hard to ignore the reality t... ...;s conviction has been wiped, Andrew Fastow has won a reduced sentence and on Monday, it's Jeff Skilling's turn to face the judge. Commentators are expecting that unlike Lay and Fastow, the f...
Ken Lay cleared, not his legacy
in Sox First, on October 18, 2006
... pocketed. Now technically, the government can still pursue those gains in civil court but it would have to compete with other litigants also pursuing Lay's estate.Significantly, prosecutors had a...
Fastow's sentence: the response
in Sox First, on September 29, 2006
...has always been that under plea agreement, the government was recommending a 10 year term. Then you have to consider what the defendant did and what the judge did." In other words, it was all ne...
Skilling and Fastow: different paths to D-Day
in Sox First, on September 25, 2006
...
Former Enron chief executive officer Jeffrey Skilling and chief financial officer Andy Fastow are moving in very different directions in the image they are presenting to the court at sentencing ...
Q&A: Enron juror
in Sox First, on September 15, 2006
...ten to them and take care of their needs. If they are not happy with how the business is going, you have got to listen to them. You can't have an 'I'm the boss' mentality. You can'... ...rowth were the three big problems at Enron that led her to the decision to convict Ken Lay and Jeff Skilling. Vaughan says: "There are a lot of lessons. In business, you're supposed to be ag...
A Better Alpha Male Boss
in Sox First, on August 31, 2006
...f. Executors know how to deliver and are great problem-solvers. But they can also micro-manage and have impossibly high standards. Apart from creating organisations with high levels of turnover, ill... ...use, as a rule, they don't tolerate checks and balances. The list of Alpha Males includes Jeff Skilling, Bernie Ebbers, Dennis Kozlowski and Conrad Black. Having a tough and determined person at...
Conrad Black faces new charges
in Sox First, on August 18, 2006
...,000, is the next big fish to go on trial following the convictions of Enron's Ken Lay and Jeff Skilling. Black's trial is due to start next March. True to form, his lawyers dismissed the new...
Push to have Skilling pay for Lay's gains
in Sox First, on August 14, 2006
... potentially derailing any civil claims against Enron - prosecutors are now playing hardball. They have counter-attacked, filing a motion that seeks to make Skilling liable not only for his own ill-g... ...osecutors are now playing hardball. They have counter-attacked, filing a motion that seeks to make Skilling liable not only for his own ill-gotten gains but for those of his partner-in-crime Ken Lay,...
News flash: Ken Lay dies at 64
in Sox First, on July 5, 2006
...rly this morning in Aspen,'' his spokeswoman Kelly Kimberly said in a statement. ``The Lays have a very large family with whom we need to communicate. Out of respect for them we are not releas... ...had of Ken Lay and also whether this impacts in some way the sentencing of former Enron CEO Jeffrey Skilling. I doubt the latter but I'm not sure about the former." Lay's last words are ...
Directors: lessons from Enron
in Sox First, on June 29, 2006
... to be drawn from the debacle. Chances are the questions will still be asked after Ken Kay and Jeff Skilling are put away. The National Association of Corporate Directors has come out with its blue...
Trusting bosses not to cheat: A SOX perspective
in Sox First, on June 26, 2006
Hard to go past last week's piece Trusting Bosses Not to Cheat by Floyd Norris in the New York Times. You can read all of it here . Seems that for all the fear and loathing about Sarbanes-Oxley, the costs are actually harder to measure than we first thought. Norris casts a critic...
Skilling speaks
in Sox First, on June 19, 2006
...one nothing to change his self-serving breathtaking arrogance. "A lot better people than I am have been in prison for a long time. Give me something to work on, give me something to accomplish. ... ...
Convicted fraudster Jeff Skilling has given his first extended interview, and the Enron conviction has done nothing to change his self-serving breathtaking arrogance. "A lot better people th...
Finger pointing: Enron changes nothing
in Sox First, on June 6, 2006
Check out the piece by Gary Weiss in Salon : Enron changed nothing .
Lay and Skilling prison terms: place your bets
in Sox First, on June 5, 2006
Here's a chance to make some money on Enron, or even get some of it back!
Enron punchlines
in Sox First, on June 1, 2006
...ls Ken Lay and Jeff Skilling guilty of fraud and conspiracy. Ken Lay? That's not a good name to have when you're going to prison. And Kenny Boy ain't too good either. ... I guess in prison... ...
Now that Ken Lay and Jeff Skilling look like spending the rest of their lives in the clink, the late-night jokes are flying thick and fast. A sampler: "Former Enron founder Ken Lay and CEO...
Untangling SOX: the post-Enron debate
in Sox First, on May 30, 2006
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Now that Ken Lay and Jeff Skilling are set to spend the rest of their lives in the slammer, questions are being asked (again) whether it's time to unwind Sarbanes-Oxley. Apparently the ...
What have we learned from Enron?
in Sox First, on May 26, 2006
... Question that's been asked since the jurors brought down the guilty verdict for Lay and Skilling.
...
Enron Verdict
in Businesspundit, on May 25, 2006
...Lay and Skilling have been found guilty . On a related note, I've been meaning to this article about "special purpose vehicles," the things Enron took so much criticism for that are a... ...Lay and Skilling have been found guilty . On a related note, I've been meaning to this article about "special purpose vehicles," the things Enron took so much criticism for that are a...
Newsflash! Enron's Lay, Skilling guilty
in Sox First, on May 25, 2006
...
Enron's Ken Lay and Jeff Skilling have been found guilty, in the latest news to hand.... ...
Enron's Ken Lay and Jeff Skilling have been found guilty, in the latest news to hand....
Enron: Long Road Ahead
in Sox First, on May 22, 2006
...e Enron jury set to return from its weekend break today, it's worth looking at what we have learned from the trial....
Pregnant and Chic
in The Parenting Weblog, on May 18, 2006
...source: People ]
We will be attending a summer wedding party. Everyone I know will be there. So I have spent the past 2 hours searching for that perfect maternity dress . It just isn't tha... ... be looking for the same type of maternity wear, a good starting point would be to check out Pamela Skilling's Top 5 Manhattan Maternity Stores for Fashionable Moms .
"Dress your baby bell...
Enron and the "Ostrich Instruction"
in Sox First, on May 15, 2006
...rgued that Lay and Skilling deliberately chose to lie and mislead investors and employees. Can you have it both ways? I'm not sure you can. There is an interesting discussion of this in the New ... ...rth looking at the reaction over the last week to the news that Judge Lake dealt Ken Lay and Jeff Skilling a serious blow when he said he would instruct jurors that "deliberate ignorance",...
Enron's Courtroom Theatre: The Lay-Skilling Show
in Sox First, on May 4, 2006
...g would do badly. The view now, however, is that Lay, who completed his testimony on Tuesday, might have been the one who self-destructed and who blew the case for the defence. Then comes the testim... ...answer to the so-called Enron corporate murder mystery , was one gamble. Putting
former CEOs Jeff Skilling and Ken Lay in the witness stand was another, albeit absolutely necessary, risk. In this ...
Enron's Code of Ethics
in Sox First, on May 1, 2006
...ns to a higher moral order are contained in Enron's Code of Ethics, a 64 page document which we have thanks to smokinggun.com . For a company whose name has become a byword for corruption and sl... ...bout the way Lay had put $120,000 into a photo sharing business of a girlfriend of Enron chief Jeff Skilling. Cosy enough? It also happened to be doing business with Enron to the order of $450,000. A...
Accounting and shell games
in Sox First, on March 16, 2006
...unsustainable . With all that, it's worth asking whether accounting is just a shell game. What have we really learned since Enron and WorldCom? Has Sarbanes-Oxley stopped dodgy accounting? In F... ...39;s a chilling read. "Suffice to say, more than 4-years after Enron - and with the trials of Skilling and Lay finally starting - accounting restatements continue to balloon higher each year, an...
Lies, damn lies and Enron
in Sox First, on March 9, 2006
...all of our business areas. Our revenues and income quarter-to-quarter continues to be strong and we have strong momentum. We think that will be sustained, and eventually, if we continue to do that, in... ...its energy services and broadband units and its Indian power plant issues. That was just after Jeff Skilling had quit as CEO. This sort of news was very different from the picture that Lay was prese...
Enron lawyers a law unto themselves
in Sox First, on March 1, 2006
...he sensational testimony from former top Enron executive David Delainey that his old boss Jeffrey Skilling approved a ploy to hide hundreds of millions of dollars in losses rather than reveal the ca...
Enron's Skilling Urged Execs to Fool Wall Street
in Businesspundit, on February 15, 2006
... This is news ?
"Mr. Skilling would simply say, in fact he did say, 'This is what the number's going to be,"' said rice , who oversaw the broadband business. "So we&...
Enron flashback
in Sox First, on February 3, 2006
...g testifying that his ex-boss Jeff Skilling misled Wall Street analysts , the folks at Motley Fool have dusted off an interview with Skilling done back in 2001 . Check what the man says about the C... ... Enron 's former head of investor relations Mark Koenig testifying that his ex-boss Jeff Skilling misled Wall Street analysts , the folks at Motley Fool have dusted off an interview with S...
Enron trial begins: some tough choices ahead
in Sox First, on February 1, 2006
...
The lawyers have presented their opening arguments in the long-awaited trial of Ken Lay and Jeff Skilling but for all the opprobrium heaped on the pair and the public outrage over Enron &... ... The lawyers have presented their opening arguments in the long-awaited trial of Ken Lay and Jeff Skilling but for all the opprobrium heaped on the pair and the public outrage over Enron '...
Enron: Ken Lay and Jeff Skilling's day in court arrives
in Sox First, on January 30, 2006
... guided tours of the guided tours of Houston, including the homes and favourite haunts of Lay and Skilling and InBoxer of Concord, Mass. is trying to drum up business by indexing all of the corpora...
Enron: Causey pleads guilty
in Sox First, on December 28, 2005
...ke all the help they can get.'' On the other hand, it's not great news for the Lay and Skilling defence. Should make the trial fascinating.
...
Enron: the SOX backlash continues
in Sox First, on December 26, 2005
...Sarbanes-Oxley. HealthSouth was regarded as a SOX test case. Truth is it's too early to say. We have to wait the outcome of Scrushy's civil trial in 2007 until we know know the answer. Unde... ...
The backlash against Sarbanes-Oxley never ceases to amaze me. On the eve of the trial of Jeff Skilling, Ken Lay and Richard Causey, the calls are coming out to rein in prosecutors who are doing...
The ghost of Andersen
in Sox First, on November 23, 2005
...te malfeasance. There are still big problems with the accounting industry. Looks like the Big Four have more power than ever before, and companies are still tempted to fudge their numbers. These prob... ...a. And without a plea agreement, he just might be unwilling to testify against Kenneth Lay and Jeff Skilling.
...
The Smartest Guys in The Room - A Movie Review
in Businesspundit, on June 13, 2005
Mrs. Businesspundit and I decided to go see the Enron movie last night. I was surprised at the crowd in the theater. It wasn't full, but there were more people than I expected. I assumed that most of them were there because like us, they were either fascinated with the story or were business jun...
The New Problem of Corporate Accountability
in Businesspundit, on July 20, 2004
... lobbied in Washington for energy deregulation. In some ways I agree. I don't think CEOs should have to sign off on financial statements. They aren't auditors and it isn't their job to cer... ...and delegates the minutiae to somebody else. Lay exemplified this type of manager. While Jeffrey K. Skilling ran the company, Lay circled the globe in corporate jets and lobbied in Washington for ener...
Leaders Matter
in Businesspundit, on November 26, 2003
...has a direct relationship to a perception of Organizational Efficacy. In other words, how leaders behave influences an overall perception of how the organization will perform. This is significant for ... ...tand that now. Leaders affect perceptions in an organization. That is why Enron was so bad. Lay and Skilling built a corporate culture that doomed the company to make poor decisions....
Questions Good Managers Should Ask
in Businesspundit, on November 3, 2003
...xecutives back in February 2001, they took umbrage. "People who raise questions are people who have not gone through [our business] in detail and who want to throw rocks at us," CEO Jeff Ski... ...ho have not gone through [our business] in detail and who want to throw rocks at us," CEO Jeff Skilling said at the time. It was not a good sign. While few managers are hiding an Enron-scale dece...
Unintended Consequences
in Businesspundit, on September 9, 2003
...n stock, leaving unwitting shareholders to trade on the Pink Sheets or Bulletin Board. Still others have picked up their shares altogether and gone private. These trends, which look to continue as at ... ...ing and everyone else was not that they weren't regulated enough. Given what we know about Lay, Skilling, and Fastow, if they had signed something certifying Enron's financial statements, woul...