Come on, Lay was the father of that company and there's no doubt (in my mind) that at the very least he set the tone and standards for the type of criminal enterprising and racketeering that occurred at Enron. He seems to be a greedy man with major moral and ethical defects. A Fastow just doesn't emerge out of a vacuum. Like Skilling and Fastow, Lay probably has a general sociopathic personality disorder.
can't see the reasoning here.... SUNW, LU, MSFT and JDSU lost a combined 700 billion dollars in market cap. (give or take) peak to trough. by comparison, Enron is a crack in the sidewalk..... Martha doesn't even make the round-off error. certainly there're jail cells open for all the analysts who whored themselves out to land banking deals etc. just an opinion of course...........
the independent energy operator of CA. CAISO was going head to head in energy trading with Enron and we had a new trading floor that had to be shut down because legally we could never compete with the Enrons and their types. They played a rigged game and never played 'fair'. It was a floor trader competing against a upstairs trader for scalping. It was no match. I say Lay is due in real jail next to some psycho redneck who should make him his wife. P.S. I was laid off when Gov. Davis took over and forced the trading floor shutdown. Politics and energy trading don't mix well
Well, this show trial is under way. The charges against Lay and Skilling are technical. Any Chairman or CEO talks in favor of his Company. So what has the prosecution got? All they've got as witnesses are the poor dumb bastards who're trying desperately to put blame on Lay and Skilling because thats the only way they can get a lesser punishment from the prosecutors. Its just a Roman circus.
>>>Martha .. made 2 volunteered statements she shouldn't have about a completely minor pissant trade and as a result the poor bitch ends up convicted on trumped up charges.<<< She was a former broker who knew the rules!!! No excuse for her actions. Her greed just got the best of her and she tried to save a paltry $40,000 in losses when she could have easily deducted those losses from her gains not to mention that she is worth $2 billion at the time!!! She got caught "changing" the e-mail the broker sent her on her secretary's computer----another dumb move!!! If she just pleaded guilty which she was----they might not have given her any jail time and she would have paid her lawyers less money to boot!!! Another stupid move!!! Also, you should see what she did with her MSO stock, she was dumping it little by little as it climbed knowing full well that her company was not doing well and she would wind up in jail!!! Those transactions were reported to SEC so, no problem there!!! Only the fools give Martha sympathy!!! She got what she deserves due to her own arrogance!!!