Tuesday, October 24, 2006

Enron: Skilling sentenced to 24 years of prison

Oct 23 (Reuters) - Enron Corp.'s former Chief Executive Officer Jeffery Skilling was sentenced to 24 years and four months in prison for crimes related to the financial scandal that brought down the energy company in 2001.
The following are key facts about Skilling:
-- Born Nov. 25, 1953, in Pittsburgh, Pennsylvania.
-- Joined consulting group McKinsey & Co. after graduating in the top 5 percent of his Harvard Business School class in 1979.
-- Joined Enron in 1990 to help create natural gas trading systems that became a core company business. Hired Andrew Fastow, who later became chief financial officer and designed the off-balance sheet partnerships used to hide debt and pump up profits.
-- Resigned as Enron chief executive after about six months on the job as the company's stock price struggled and pressures in his personal life mounted.
-- Sold Enron shares worth nearly $63 million in 2000 and 2001.
-- Convicted on May 6, 2006, along with former Enron Chairman Kenneth Lay, of conspiracy, fraud and insider trading linked to Enron's downfall. Lay died in July.
© Reuters 2006. All Rights Reserved.

Again, my questionis: How do you cross the line?
Take-aways: There's a "black sheep" in every family.

5 comments:

Anonymous said...

Veo que marcas una linea en concreto de su vida. Me pregunto por que? Habra algun tipo de causa-efecto ahi?

dgb_butterfly said...

I hope it's not a cause-effect. I hope it's just the exception that confirms a rule :-)

Zorro de Segovia said...

Seguro que muchos McKinsey´s y Deloitte´s y otros cruzan la línea. Lo que pasa es que no les pillan. Este es un buen escarmiento y un buen aviso a navegantes. Tranqui "new yorker" no te veo yo como mangante.

Gallina Clueca said...

Cuando pasan estas cosas siempre me acuerdo de la historia que contaba el abuelo en tono de sátira sobre "TODO HOMBRE ES UN MARICA", solo depende del precio.
El precio subía subía, hasta el límite que uno tuviese que siempre lo había.

Y al final el cuento finalizaba. Ya tenemos el Maricón, ahora solamente nos hace falta $$$ para lograrlo.

dgb_butterfly said...

Gallina Clueca!!! Menudo comentario!
Puede ser cierta la moraleja, pero el ejemplo es un poquito bruto, no?
:-)