Tuesday, May 16, 2006

Last Week for the Enron Trial

So, the Enron trial has entered its last week. I'm unsure as to what the outcome will be, though I suspect that Lay and Skilling may meet different ends.

I don't think, though, that anyone has directly produced evidence of either man - nasty though many of their actions were - actively seeking to break the law. Lying to analysts about the health of your company is, I imagine, par for the course. Prosecuters would ordinarily need to do better than that in order to get a result. I suspect, though, that they're trying to push for conviction by simply presenting Lay and Skilling as all-round bad eggs. They are, but being a greed is good shit is hardly illegal.

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