Former Enron CEO Jeffrey Skilling was found guilty of most counts (except insider trading), and founder Ken Lay of all counts, including the biggest one of Conspiracy.
Barring appeal, guilty verdicts on these very serious charges mean that the two men will spend the rest of their lives in prison.
Discuss, guys! I for one am thrilled to see these two headed to prison.
Welcome to the Second Life Forums Archive
These forums are CLOSED. Please visit the new forums HERE
Skilling, Lay Guilty |
|
|
Toni Bentham
M2 Fashion Editor
Join date: 26 Jan 2006
Posts: 560
|
05-25-2006 09:13
_____________________
Register today at SLorums.net for great discussions, good features, and a friendly staff - all you'd expect from a good forums site!
 |
|
Juro Kothari
Like a dog on a bone
Join date: 4 Sep 2003
Posts: 4,418
|
05-25-2006 10:34
Good. The verdict was correct, IMHO.
_____________________
 |
|
MeiLin Miranda
China Maven
Join date: 10 Feb 2006
Posts: 84
|
05-25-2006 10:50
As someone whose family was caught up in the Enron collapse I say triple-w00t.
|
|
David Valentino
Nicely Wicked
Join date: 1 Jan 2004
Posts: 2,941
|
05-25-2006 11:25
Now we can only hope that the sentencing portion goes as well and they aren't given suspended sentences and a fine.
 _____________________
David Lamoreaux
Owner - Perilous Pleasures and Extreme Erotica Gallery |
|
Vares Solvang
It's all Relative
Join date: 26 Jan 2005
Posts: 2,235
|
Wow, they system does work!
05-25-2006 12:10
I can't tell you how totally shocked and surprised I was when I heard news of this on the radio this morning! After all, since when does actually being guilty matter if you are rich?
Although there is no excusing the actions of upper level management at Enron, I can't say I have very much sympathy for the people who invested 100% of their retirement fund in the company they work for. When greed overpowers common sense, you get what you deserve. What are the three most important strategies in investing? 1) Diversify 2) Diversify 3) Diversify |
|
Phedre Aquitaine
I am the zombie queen
Join date: 26 Jan 2006
Posts: 1,157
|
05-25-2006 12:28
Now we can only hope that the sentencing portion goes as well and they aren't given suspended sentences and a fine. Just the thought makes my jaw clench. _____________________
everyone loves phedre (excluding chickens), its in the TOS  |
|
Teeny Leviathan
Never started World War 3
Join date: 20 May 2003
Posts: 2,716
|
05-25-2006 16:01
I don't think they will do hard time. Either they will get a light sentence (in one of those country club minimum security facilities), or a certain blockheaded White House resident will issue both a pardon.
|
|
Sinjin Popinjay
Registered User
Join date: 30 Dec 2005
Posts: 11
|
05-25-2006 16:22
.... and then they will be force to serve house arrest where they can only leave for certain reasons, and can only conduct personal business, and company business, and interviews, and write their memoirs...
Is that really punishment? |
|
Kendra Bancroft
Rhine Maiden
Join date: 17 Jun 2004
Posts: 5,813
|
05-25-2006 16:31
Dubya will have to pardon them both just to keep their lips sealed. There will be no sentencing.
_____________________
|
|
MeiLin Miranda
China Maven
Join date: 10 Feb 2006
Posts: 84
|
05-25-2006 17:33
Although there is no excusing the actions of upper level management at Enron, I can't say I have very much sympathy for the people who invested 100% of their retirement fund in the company they work for. When greed overpowers common sense, you get what you deserve. Some of us didn't have any choice in the matter. Please don't comment if you don't know the situation. I lived it. |
