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Madoff gets in prison fight, and wins
in Sox First, on October 14, 2009
...t's led to CNBC to pop the question: who would win if Madoff went up against Enron fraudster Jeff Skilling? Other potential fight contenders according to that list are Allen Stanford, Martha Stewart...
Pacific islands' climate change litigation threat
in Sox First, on July 27, 2009
...Tong has talked about a " 'long-term merit-based relocation strategy which involves the up-skilling of our people to make them competitive and marketable at international labour markets',...
Madoff's tough spell
in Sox First, on July 1, 2009
...s 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
...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
...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 thems...
Tim Geithner: crisis manager
in Sox First, on November 23, 2008
...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
... 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
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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
...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 23, 2007
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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 28, 2007
.... 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 18, 2007
...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 9, 2007
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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
...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 19, 2007
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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 20, 2007
...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
...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
...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
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 and business are copping plenty of heat to lift their game. And it's now coming from all Quar...
Skilling to the slammer
in Sox First, on December 14, 2006
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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 22, 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 18, 2006
... 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 29, 2006
...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 28, 2006
...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
Oh-so-serious Yale student Aleksey Vayner has become a celebrity of sorts (well, not the sort he was hoping to be) when his preposterously funny 11-page CV and accompanying video he submitted to UBS was posted on YouTube. His purported achievements have been exposed as fabrications . In case y...
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
...;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
As expected, Judge Sim Lake has wiped the conspiracy and fraud convictions of Enron founder Ken Lay, report the news wires . The reason: Ken Lay died before he could appeal which means his conviction must be vacated, according to US law. In other words, Ken Lay is not guilty of a fraud that wi...
Fastow's sentence: the response
in Sox First, on September 30, 2006
Interesting to watch the response to the surprisingly lighter six year sentence imposed on former Enron CFO Andrew Fastow. Some days on, people are still trying to work it out, reports the Houston Chronicle . When Fastow had agreed to the 10 year sentence originally, he had given every...
Skilling and Fastow: different paths to D-Day
in Sox First, on September 25, 2006
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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 16, 2006
...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
...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
...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 6, 2006
...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 20, 2006
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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
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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 31, 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.
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Newsflash! Enron's Lay, Skilling guilty
in Sox First, on May 26, 2006
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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
With the 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 19, 2006
... 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 16, 2006
...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
...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 2, 2006
...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
...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
...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 flashback
in Sox First, on February 3, 2006
... 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 '...
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.
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Enron: the SOX backlash continues
in Sox First, on December 27, 2005
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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 24, 2005
...a. And without a plea agreement, he just might be unwilling to testify against Kenneth Lay and Jeff Skilling.
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