http://topics.edition.cnn.com/topics/feeds/rss/Enron_CorporationFind stories, videos, and photos about Enron Corporation from CNN.com.en-usCable News Network LP, LLLP.Thu, 26 Nov 2009 02:27:55 GMT5http://i.cdn.turner.com//cnn/2009/LIVING/wayoflife/09/14/mf.get.rich.off.weather/tztop.sunny.day.afp.gi.jpghttp://topics.edition.cnn.com/topics/feeds/rss/Enron_Corporation14433Find stories, videos, and photos about Enron Corporation from CNN.com.http://edition.cnn.com/2009/LIVING/wayoflife/09/14/mf.get.rich.off.weather/index.html#cnnSTCTexthttp://edition.cnn.com/2009/LIVING/wayoflife/09/14/mf.get.rich.off.weather/index.html#cnnSTCTextDid you know you can invest in the weather? It's true. You can actually make money speculating that the temperature in Sacramento, California, will be warmer than it normally is. If that's too dull for your portfolio, you can put money down on the inches of snowfall next winter in Boston, Massachusetts, or the strength of hurricanes in the Gulf of Mexico.Mon, 14 Sep 2009 20:47:00 EDThttp://edition.cnn.com/2008/US/09/09/enron.settlement/index.html#cnnSTCTexthttp://edition.cnn.com/2008/US/09/09/enron.settlement/index.html#cnnSTCTextIn the largest settlement in the history of U.S. securities fraud cases, Enron shareholders and investors will split more than $7.2 billion from financial institutions accused of playing a role in the energy giant's downfall.Wed, 10 Sep 2008 11:43:00 EDThttp://money.cnn.com/2008/07/16/markets/thebuzz/index.htmhttp://money.cnn.com/2008/07/16/markets/thebuzz/index.htmThere is a lot of negativity on Wall Street right now. But I don't think cracking down on short sellers is the solution to the market's woes.Wed, 16 Jul 2008 14:56:00 EDThttp://edition.cnn.com/2008/US/05/30/oil.market.enron/index.html#cnnSTCTexthttp://edition.cnn.com/2008/US/05/30/oil.market.enron/index.html#cnnSTCTextFederal regulators investigating possible price manipulation of crude oil are probably looking at what role collapsed energy giant Enron may have played, a former government official said Friday.Sat, 31 May 2008 00:37:00 EDThttp://money.cnn.com/2008/03/26/news/companies/citi_enron/index.htmhttp://money.cnn.com/2008/03/26/news/companies/citi_enron/index.htmCitigroup Inc. said Wednesday that it agreed to pay $1.66 billion in claims to settle a dispute with creditors of Enron, bringing the dramatic tale of the fallen energy giant one step closer to an end.Wed, 26 Mar 2008 16:08:00 EDThttp://www.time.com/time/business/article/0,8599,1705889,00.html?xid=feed-cnn-topicshttp://www.time.com/time/business/article/0,8599,1705889,00.html?xid=feed-cnn-topicsThe Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsedTue, 22 Jan 2008 20:15:00 ESThttp://money.cnn.com/2008/01/15/news/companies/bc.scotus.securitiesfrau/index.htmhttp://money.cnn.com/2008/01/15/news/companies/bc.scotus.securitiesfrau/index.htmThe Supreme Court dealt a blow Tuesday to investors seeking to recover damages from alleged corporate fraud, a potentially huge liability case being closely watched by owners of stock, the business community and government regulators.Tue, 15 Jan 2008 16:38:00 ESThttp://money.cnn.com/2007/11/28/magazines/fortune/enron_suit_citi.fortune/index.htmhttp://money.cnn.com/2007/11/28/magazines/fortune/enron_suit_citi.fortune/index.htm"When Enron blows up, will it be worse than Long-Term Capital?"Fri, 07 Dec 2007 17:06:00 ESThttp://money.cnn.com/2007/11/13/news/companies/bulldog_enron.fortune/index.htmhttp://money.cnn.com/2007/11/13/news/companies/bulldog_enron.fortune/index.htmStart with the headlines about off-balance-sheet entities known as structured investment vehicles, or SIVs (or sieves, as some wags are calling them). As Gertrude Stein never said, an off-balance-sheet vehicle is an off-balance-sheet vehicle is an off-balance-sheet vehicle.Wed, 14 Nov 2007 10:08:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/2007/11/26/101232905/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2007/11/26/101232905/index.htmStart with the headlines about off-balance-sheet entities known as structured investment vehicles, or SIVs (or sieves, as some wags are calling them). As Gertrude Stein never said, an off-balance-sheet vehicle is an off-balance-sheet vehicle is an off-balance-sheet vehicle. Just as Enron's off-balance-sheet vehicles were propping up its stock price by camouflaging the company's real financial results, so SIVs were inflating the credit market by providing demand for the complex securities created out of mortgages and loans used to finance buyouts. Like Enron's off-balance-sheet vehicles, SIVs were invisible to those on the outside--and to many on the inside--until they weren't. When times were good, these creations made money for their sponsors, but when times changed, they became a problem for the rest of us. It's a little bit like "heads I win, tails you lose," which is pretty much how a former Enron executive described that company's off-balance-sheet vehicles.Mon, 12 Nov 2007 16:04:00 ESThttp://money.cnn.com/2007/11/08/magazines/fortune/stanleybing/bingenron.fortune/index.htmhttp://money.cnn.com/2007/11/08/magazines/fortune/stanleybing/bingenron.fortune/index.htmAuthenticity junkies and fans of hypocrisy got a hilarious treat recently from USA Today, which reported on the apparently discordant persona of Lynn Brewer, the ostensible Enron whistleblower.Fri, 09 Nov 2007 15:09:00 ESThttp://money.cnn.com/2007/07/31/news/newsmakers/enron_prison.reut/index.htmhttp://money.cnn.com/2007/07/31/news/newsmakers/enron_prison.reut/index.htmThe former CEO of Enron Corp.'s broadband division reported to a Louisiana prison on Tuesday to serve 27 months for securities fraud related to his role in the company's 2001 collapse, his lawyer said.Tue, 31 Jul 2007 08:07:00 EDThttp://www.time.com/time/business/article/0,8599,1634304,00.html?xid=feed-cnn-topicshttp://www.time.com/time/business/article/0,8599,1634304,00.html?xid=feed-cnn-topicsThe former chief of Enron Corp.'s high-speed Internet unit, who turned government witness and testified in the trial of former Enron CEO Jeffrey Skilling and company founder Kenneth Lay, was sentenced Monday to 27 months in prisonTue, 19 Jun 2007 15:10:00 EDThttp://money.cnn.com/2007/06/18/news/newsmakers/enron.reut/index.htmhttp://money.cnn.com/2007/06/18/news/newsmakers/enron.reut/index.htmA U.S. federal judge Monday sentenced a former Enron Corp. executive to 27 months for securities fraud in the energy trader's 2001 collapse.Mon, 18 Jun 2007 05:50:00 EDThttp://money.cnn.com/galleries/2007/fortune/0704/gallery.where_are_they_now.fortune/index.htmlhttp://money.cnn.com/galleries/2007/fortune/0704/gallery.where_are_they_now.fortune/index.htmlIt can be a bumpy ride from fame to obscurity in business - from front-page news to trivia-quiz answer. From time to time Fortune tracks down a few of the biggest heroes and rogues of the recent past to see what they're up to and what they've learned.Wed, 04 Apr 2007 20:30:00 EDThttp://money.cnn.com/2007/02/16/news/companies/enron_convictions/index.htmhttp://money.cnn.com/2007/02/16/news/companies/enron_convictions/index.htmGovernment prosecutors won't challenge an appeals court's decision to overturn the convictions of several former Merrill Lynch & Co. executives in an Enron-related case, according to a published report.Fri, 16 Feb 2007 13:02:00 ESThttp://money.cnn.com/2007/02/13/news/newsmakers/dicaprio_enron/index.htmhttp://money.cnn.com/2007/02/13/news/newsmakers/dicaprio_enron/index.htmFilm star Leonardo DiCaprio is slated to produce and star in a new film on the collapse of the giant energy company Enron, Warner Bros. movie studio said Tuesday.Tue, 13 Feb 2007 17:43:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/12/11/8395380/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/12/11/8395380/index.htmHowls are still being heard about the sentence granted Enron's former CFO Andy Fastow. Fastow cut a plea bargain to cooperate with the feds in return for ten years in the slammer, and he was expect... Mon, 27 Nov 2006 16:47:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/11/13/8393136/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/11/13/8393136/index.htmHere's what I couldn't understand about the options backdating scandal: How could behavior that in most cases is so clearly bad and wrong be happening at so many companies? There was only one Enron... Tue, 21 Nov 2006 19:09:00 ESThttp://money.cnn.com/2006/10/25/magazines/fortune/pleabargains/index.htmhttp://money.cnn.com/2006/10/25/magazines/fortune/pleabargains/index.htmSometimes it's good to be guilty. Just ask Andy Fastow: he pleaded guilty and worked to nail the other smart guys at Enron, and got a reduced six-year prison sentence. By contrast, Jeffrey Skilling, who has long proclaimed his innocence, seems likely to serve 24 years and four months behind bars.Wed, 25 Oct 2006 14:22:00 EDThttp://edition.cnn.com/2006/BUSINESS/10/23/enron/index.htmlhttp://edition.cnn.com/2006/BUSINESS/10/23/enron/index.htmlFormer Enron chief executive Jeffrey Skilling, who gained infamy as the man who orchestrated one of the largest corporate frauds in history, has been sentenced to more than 24 years in prison.Mon, 23 Oct 2006 21:52:00 EDThttp://money.cnn.com/2006/10/23/news/newsmakers/skilling_sentence/index.htmhttp://money.cnn.com/2006/10/23/news/newsmakers/skilling_sentence/index.htmFormer Enron Chief Executive Jeffrey Skilling, who gained infamy as the man who orchestrated the largest corporate fraud in history, was sentenced to more than 24 years in jail Monday.Mon, 23 Oct 2006 14:53:00 EDThttp://money.cnn.com/2006/10/16/news/newsmakers/skilling_preview/index.htmhttp://money.cnn.com/2006/10/16/news/newsmakers/skilling_preview/index.htmFormer Enron chief executive Jeffrey Skilling is about to face the music for his part in the fraud that brought down the nation's seventh-largest corporation as his sentencing hearing begins this week in Houston.Mon, 16 Oct 2006 14:49:00 EDThttp://money.cnn.com/2006/09/26/news/newsmakers/fastow_sentencing/index.htmhttp://money.cnn.com/2006/09/26/news/newsmakers/fastow_sentencing/index.htmFormer Enron financial chief Andrew Fastow, long vilified as the mastermind behind the collapse of Enron, was sentenced to six years in prison Tuesday - a lighter sentence than the 10 years he agreed to in his original plea agreement.Tue, 26 Sep 2006 17:25:00 EDThttp://money.cnn.com/2006/09/21/news/newsmakers/enron_fastow/index.htmhttp://money.cnn.com/2006/09/21/news/newsmakers/enron_fastow/index.htmAlmost five years since Enron's infamous implosion, the company's former financial chief Andrew Fastow likely will soon trade his business suit for prison garb.Thu, 21 Sep 2006 17:23:00 EDThttp://money.cnn.com/2006/09/07/news/newsmakers/lay_enron_claim/index.htmhttp://money.cnn.com/2006/09/07/news/newsmakers/lay_enron_claim/index.htmThe federal government said Thursday that it agreed to cap at $12 million the amount of money that Enron workers who lost their pensions could try to recover from the estate of Ken Lay, the former Enron chairman who died in July.Thu, 07 Sep 2006 17:36:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/09/04/8384701/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/09/04/8384701/index.htmThe Enron case keeps offering up surprises. When a federal appeals court overturned the Enron-related convictions of four Merrill Lynch officials last month, it triggered two lines of reflexive pun... Tue, 22 Aug 2006 11:27:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/07/24/8381629/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/07/24/8381629/index.htmWho can forget the voices of Enron's traders, caught on tape as a damaging wildfire raged during the California energy crisis, exulting in the profits they were reaping from the state's misery? "Bu... Wed, 02 Aug 2006 19:21:00 EDThttp://money.cnn.com/magazines/moneymag/moneymag_archive/2006/08/01/8382158/index.htmhttp://money.cnn.com/magazines/moneymag/moneymag_archive/2006/08/01/8382158/index.htmThese guidelines reduce complex money questions to simple formulas. How well do you know them?Fri, 21 Jul 2006 21:16:00 EDThttp://money.cnn.com/2006/07/13/news/newsmakers/white_collar_crime/index.htmhttp://money.cnn.com/2006/07/13/news/newsmakers/white_collar_crime/index.htmEven as Enron founder Kenneth Lay's conviction is expected to be expunged with his death, the memory of his crimes has started to fade. So too, say legal experts, has our collective zeal to suss out and prosecute any more corporate crime.Thu, 13 Jul 2006 11:53:00 EDThttp://edition.cnn.com/2006/WORLD/europe/07/13/britain.enron/index.htmlhttp://edition.cnn.com/2006/WORLD/europe/07/13/britain.enron/index.htmlThree British bankers facing prosecution in the United States in connection with the Enron Corp. scandal have arrived in Texas after last minute attempts to block their extradition failed.Thu, 13 Jul 2006 09:29:00 EDThttp://edition.cnn.com/2006/BUSINESS/07/05/enron.lay/index.htmlhttp://edition.cnn.com/2006/BUSINESS/07/05/enron.lay/index.htmlEnron founder and convicted fraudster Ken Lay has died of a massive heart attack at his holiday home in Aspen, Colorado.Thu, 06 Jul 2006 00:54:00 EDThttp://money.cnn.com/2006/07/05/news/newsmakers/lay_death/index.htmhttp://money.cnn.com/2006/07/05/news/newsmakers/lay_death/index.htmKenneth Lay, who rose from a poor preacher's son to become a millionaire before being convicted of corporate fraud, died early Wednesday in Aspen, Colo., a family spokeswoman said.Wed, 05 Jul 2006 14:00:00 EDThttp://edition.cnn.com/2006/WORLD/europe/06/28/britain.enron/index.htmlhttp://edition.cnn.com/2006/WORLD/europe/06/28/britain.enron/index.htmlBritish Prime Minister Tony Blair is being urged to cancel the extradition to the United States of three former NatWest bankers accused on Enron-related fraud charges.Wed, 28 Jun 2006 10:29:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/06/12/8379061/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/06/12/8379061/index.htm(FORTUNE Magazine) - The most innovative company in corporate America. That's what FORTUNE called Enron for six years running, from 1995 through 2000. It was an "extraordinary" and "unique" busines... Thu, 08 Jun 2006 13:03:00 EDThttp://money.cnn.com/magazines/moneymag/moneymag_archive/2006/06/01/8378638/index.htmhttp://money.cnn.com/magazines/moneymag/moneymag_archive/2006/06/01/8378638/index.htmYou'd think that the recent publicity surrounding the fraud and conspiracy trial of former Enron execs Kenneth Lay and Jeffrey Skilling would be all the reminder anyone would need to steer clear of... Thu, 01 Jun 2006 04:01:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/06/12/8379121/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/06/12/8379121/index.htmAsk folks in the Texas/Oklahoma oil patch how Enron is doing, and you might get a surprising answer. "They're a very highly regarded company," one longtime oilman told me recently.Tue, 30 May 2006 19:39:00 EDThttp://edition.cnn.com/2006/POLITICS/05/30/ivins.enron/index.htmlhttp://edition.cnn.com/2006/POLITICS/05/30/ivins.enron/index.htmlA Houston jury convicted both Ken Lay and Jeff Skilling, despite the fact that Kenny Boy packed his Bible to the courtroom every day.Tue, 30 May 2006 15:41:00 EDThttp://money.cnn.com/2006/05/29/news/enron_guiltyest/index.htmhttp://money.cnn.com/2006/05/29/news/enron_guiltyest/index.htm(FORTUNE Magazine) - The most innovative company in corporate America. That's what FORTUNE called Enron for six years running, from 1995 through 2000. It was an "extraordinary" and "unique" business, concluded a respected Goldman Sachs analyst in early 2001. When we wrote our first expose of the company, nine months before it collapsed into bankruptcy, we coyly compared it to Hollywood's reigning "it girls," Jennifer Lopez and Kate Hudson, because Wall Street was virtually drooling over the stock. Those memories were hard to conjure in the somber environment of the Houston federal courthouse on May 25, when a jury of eight women and four men convicted former Enron CEOs Ken Lay and Jeff Skilling of conspiracy and fraud.Mon, 29 May 2006 15:14:00 EDThttp://edition.cnn.com/2006/BUSINESS/05/25/enron.guilty/index.htmlhttp://edition.cnn.com/2006/BUSINESS/05/25/enron.guilty/index.htmlEnron Corp.'s former chief executive Jeffrey Skilling and founder Kenneth Lay have been found guilty of conspiracy and fraud in one of the biggest business scandals in U.S. history -- a case that sent shock waves through corporate boardrooms worldwide.Thu, 25 May 2006 16:38:00 EDThttp://money.cnn.com/2006/05/25/news/newsmakers/enron_reaction/index.htmhttp://money.cnn.com/2006/05/25/news/newsmakers/enron_reaction/index.htmReactions from former Enron employees to Thursday's verdict in the Enron criminal trial were swift and unambiguous.Thu, 25 May 2006 15:41:00 EDThttp://money.cnn.com/2006/05/25/news/newsmakers/enron_verdict/index.htmhttp://money.cnn.com/2006/05/25/news/newsmakers/enron_verdict/index.htmEnron former chief executive Jeffrey Skilling and founder Kenneth Lay were both found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.Thu, 25 May 2006 15:06:00 EDThttp://money.cnn.com/2006/05/24/magazines/moneymag/updegrave_moneymag_0606/index.htmhttp://money.cnn.com/2006/05/24/magazines/moneymag/updegrave_moneymag_0606/index.htmYou'd think that the recent publicity surrounding the fraud and conspiracy trial of former Enron execs Kenneth Lay and Jeffrey Skilling would be all the reminder anyone would need to steer clear of company stock in a 401(k).Wed, 24 May 2006 15:53:00 EDThttp://money.cnn.com/2006/05/24/news/newsmakers/enron/index.htmhttp://money.cnn.com/2006/05/24/news/newsmakers/enron/index.htmEnron founder Kenneth Lay and former chief executive Jeffrey Skilling face another day of waiting as jurors in the biggest corporate trial in recent history ended their fifth day of deliberations Wednesday.Wed, 24 May 2006 09:44:00 EDThttp://money.cnn.com/2006/05/22/news/newsmakers/enron/index.htmhttp://money.cnn.com/2006/05/22/news/newsmakers/enron/index.htmEnron founder Kenneth Lay and former chief executive Jeffrey Skilling faced another day of waiting Monday as jurors in the biggest corporate trial in memory continued their third day of deliberations.Mon, 22 May 2006 11:27:00 EDThttp://money.cnn.com/2006/05/18/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/05/18/news/newsmakers/enron_blog_fortune/index.htmAfter three and a half long months, the Enron trial has drawn to a close.Thu, 18 May 2006 15:43:00 EDThttp://money.cnn.com/2006/05/17/news/companies/enron/index.htmhttp://money.cnn.com/2006/05/17/news/companies/enron/index.htmThe fates of Enron founder Kenneth Lay and former chief executive Jeffrey Skilling are now in the hands of the jury, which ended its first half-day of deliberations Wednesday afternoon.Wed, 17 May 2006 11:36:00 EDThttp://money.cnn.com/2006/05/16/news/newsmakers/enron_blog_fortune_2/index.htmhttp://money.cnn.com/2006/05/16/news/newsmakers/enron_blog_fortune_2/index.htmHow much do closing arguments really matter?Tue, 16 May 2006 15:36:00 EDThttp://money.cnn.com/2006/05/16/news/companies/enron/index.htmhttp://money.cnn.com/2006/05/16/news/companies/enron/index.htmThe defense teams for Enron founder Kenneth Lay and former chief executive Jeffrey Skilling summed up the prosecution's case against the defendants Tuesday in two words: "smoke" and "mirrors."Tue, 16 May 2006 12:03:00 EDThttp://money.cnn.com/2006/05/15/news/newsmakers/enron_closingargue0515/index.htmhttp://money.cnn.com/2006/05/15/news/newsmakers/enron_closingargue0515/index.htmIn the 54th day of the Enron trial, government prosecutor Kathryn Ruemmler told jurors that Enron founder Kenneth Lay and ex-CEO Jeffrey Skilling orchestrated a massive fraud that led to the bankruptcy that symbolized the nation's rash of corporate scandals.Mon, 15 May 2006 16:06:00 EDThttp://money.cnn.com/2006/05/12/news/newsmakers/enron_handicaps/index.htmhttp://money.cnn.com/2006/05/12/news/newsmakers/enron_handicaps/index.htmIt's not looking too pretty for Enron founder Kenneth Lay and former CEO Jeffrey Skilling as the corporate trial of the century enters its final stretch.Fri, 12 May 2006 13:41:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/05/15/8376821/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/05/15/8376821/index.htmBack in late January, when we arrived in Houston for the start of the epic Enron trial, we were sure that greed, arrogance, and deceit had helped destroy America's seventh-largest company. But even... Thu, 11 May 2006 18:29:00 EDThttp://money.cnn.com/2006/05/05/news/newsmakers/enron_handicaps/index.htmhttp://money.cnn.com/2006/05/05/news/newsmakers/enron_handicaps/index.htmNEW YORK (CNNMoney.com) - It's not looking too pretty for Enron founder Kenneth Lay and former chief executive Jeffrey Skilling as the corporate trial of the century enters its final stretch.Fri, 05 May 2006 17:41:00 EDThttp://money.cnn.com/2006/05/05/news/enron_causey/index.htmhttp://money.cnn.com/2006/05/05/news/enron_causey/index.htmThe government will not call former Enron accounting chief Richard Causey to testify against his former bosses when the prosecution begins its rebuttal to the defense next week, according to a report in The Wall Street Journal.Fri, 05 May 2006 12:11:00 EDThttp://money.cnn.com/2006/05/03/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/05/03/news/newsmakers/enron_blog_fortune/index.htmDepending on what jury verdict emerges from the Enron trial, the defense of former CEOs Ken Lay and Jeff Skilling will either be viewed as the most brilliant victory in the history of white-collar criminal defense -- or the most expensive bungle ever.Wed, 03 May 2006 22:35:00 EDThttp://money.cnn.com/2006/05/02/news/newsmakers/lay_enron/index.htmhttp://money.cnn.com/2006/05/02/news/newsmakers/lay_enron/index.htmHOUSTON (CNNMoney.com) - In his sixth and final day on the stand, Enron founder Kenneth Lay testified that the most painful moment in his life was watching Enron go into bankruptcy.Tue, 02 May 2006 10:00:00 EDThttp://money.cnn.com/2006/05/01/news/newsmakers/enron_fortune_051506/index.htmhttp://money.cnn.com/2006/05/01/news/newsmakers/enron_fortune_051506/index.htmBack in late January, when we arrived in Houston for the start of the epic Enron trial, we were sure that greed, arrogance, and deceit had helped destroy America's seventh-largest company.Mon, 01 May 2006 16:25:00 EDThttp://money.cnn.com/2006/05/01/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/05/01/news/newsmakers/enron_trial/index.htmGovernment prosecutors concluded their cross examination of Enron founder Kenneth Lay Monday, but not before painting a portrait of a man who put himself and his financial interests ahead of his own employees.Mon, 01 May 2006 10:00:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/05/01/8375361/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/05/01/8375361/index.htmHE LOOKS DIFFERENT now. His tan is gone, and he's put on some weight. But what really struck observers in the courtroom when Jeff Skilling finally took the stand on April 10 was how different he so... Mon, 01 May 2006 04:01:00 EDThttp://money.cnn.com/2006/04/27/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/27/news/newsmakers/enron_trial/index.htmIn his fourth day on the stand, Enron founder Kenneth Lay tried to convince jurors Thursday that he was fully compliant with the Securities and Exchange Commission's regulations regarding public disclosure of his approximately $70 million in stock sales in the final months before Enron collapsed.Thu, 27 Apr 2006 13:35:00 EDThttp://money.cnn.com/2006/04/26/news/newsmakers/enron_trial_2/index.htmhttp://money.cnn.com/2006/04/26/news/newsmakers/enron_trial_2/index.htmOn the third and last day of direct questioning by his lawyer, Enron co-founder Kenneth Lay testified Wednesday that he was confident in the company's strength, but was forced to sell large amounts of stock in order to meet margin calls and repay a line of credit that he borrowed from Enron.Wed, 26 Apr 2006 22:29:00 EDThttp://money.cnn.com/2006/04/26/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/26/news/newsmakers/enron_trial/index.htmTempers flared at the trial of Enron's co-founder and ex-CEO Wednesday as government prosecutor John Hueston started cross-examining Enron founder Kenneth Lay.Wed, 26 Apr 2006 10:06:00 EDThttp://money.cnn.com/2006/04/25/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/25/news/newsmakers/enron_trial/index.htmA strong company ... a barrage of bad press ... and a traitor sent packing.Tue, 25 Apr 2006 10:33:00 EDThttp://money.cnn.com/2006/04/24/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/24/news/newsmakers/enron_trial/index.htmEnron founder Ken Lay testified Monday that he met with former vice president Sherron Watkins to discuss Enron's accounting but that at no time did she suggest the transactions were illegal.Mon, 24 Apr 2006 10:13:00 EDThttp://money.cnn.com/2006/04/20/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/04/20/news/newsmakers/enron_blog_fortune/index.htmListening to defendant Jeff Skilling Wednesday in Houston, as he headed into the home stretch of his stint on the witness stand, it was scary to think about how the world of business might operate under the approach he is defending in court.Thu, 20 Apr 2006 18:24:00 EDThttp://money.cnn.com/2006/04/20/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/20/news/newsmakers/enron_trial/index.htmHOUSTON (CNNMoney.com) - In his eighth day of testimony, Enron's former chief executive Jeffrey Skilling was excused from the stand, but not before he reasserted his belief that he did his best to uphold his duty to Enron shareholders.Thu, 20 Apr 2006 09:38:00 EDThttp://money.cnn.com/2006/04/19/magazines/fortune/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/04/19/magazines/fortune/enron_blog_fortune/index.htm"Maybe I'm Alice in Wonderland here."Wed, 19 Apr 2006 15:34:00 EDThttp://money.cnn.com/2006/04/18/news/newsmakers/enron_blog_fortune0418/index.htmhttp://money.cnn.com/2006/04/18/news/newsmakers/enron_blog_fortune0418/index.htmHOUSTON (FORTUNE) - "Mr. Berkowitz, you may question Mr. Skilling, if you wish," Judge Sim Lake offered, with a straight face, at the beginning of Monday's court proceedings in Houston.Tue, 18 Apr 2006 18:22:00 EDThttp://money.cnn.com/2006/04/18/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/18/news/newsmakers/enron_trial/index.htmIn his second day of cross examination, Enron's former chief executive Jeffrey Skilling's carefully maintained composure began to show signs of wear Tuesday as he fielded tough questions from the government over the way in which Enron met earnings targets.Tue, 18 Apr 2006 09:36:00 EDThttp://money.cnn.com/2006/04/17/magazines/fortune/skillingscores/index.htmhttp://money.cnn.com/2006/04/17/magazines/fortune/skillingscores/index.htmHe looks different now. His tan is gone, and he's put on some weight. But what really struck observers in the courtroom when Jeff Skilling finally took the stand on April 10 was how different he sounded.Mon, 17 Apr 2006 19:00:00 EDThttp://money.cnn.com/2006/04/13/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/13/news/newsmakers/enron_trial/index.htmAfter four days of direct examination, Enron's former chief executive Jeffrey Skilling once again declared his innocence and said he was taking a stand for the company.Thu, 13 Apr 2006 09:52:00 EDThttp://money.cnn.com/2006/04/12/news/newsmakers/enron_blog_fortune0412/index.htmhttp://money.cnn.com/2006/04/12/news/newsmakers/enron_blog_fortune0412/index.htmHOUSTON (FORTUNE) - As Jeff Skilling is telling the story from the witness stand, Enron was the corporate equivalent of Lake Wobegon: All the businesses were strong; all the accounting was good-looking; and all the corporate assets were above average.Wed, 12 Apr 2006 16:27:00 EDThttp://money.cnn.com/2006/04/12/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/12/news/newsmakers/enron_trial/index.htmHOUSTON (CNNMoney.com) - Enron's former chief executive Jeffrey Skilling conceded that in hindsight the company's off-balance sheet partnerships were a "horrible" idea but said those transactions had been blessed by trusted accountants and lawyers.Wed, 12 Apr 2006 09:36:00 EDThttp://money.cnn.com/2006/04/11/news/newsmakers/enron_blog_fortune0411/index.htmhttp://money.cnn.com/2006/04/11/news/newsmakers/enron_blog_fortune0411/index.htmHOUSTON (FORTUNE) - "I'm probably a little nervous." That was the first thing Jeff Skilling said after taking the witness stand Monday morning at 10:30 a.m.Tue, 11 Apr 2006 13:59:00 EDThttp://money.cnn.com/2006/04/11/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/11/news/newsmakers/enron_trial/index.htmIn his second day on the stand, Enron's former chief executive Jeffrey Skilling vehemently denied that he had ever had any secret side deals with former financial chief Andrew Fastow or any other officer at Enron.Tue, 11 Apr 2006 11:59:00 EDThttp://money.cnn.com/2006/04/10/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/10/news/newsmakers/enron_trial/index.htmFormer Enron chief executive Jeffrey Skilling took the witness stand Monday and came out swinging in the first few moments of his testimony as he declared his innocence and said he was proud of the company that he helped build.Mon, 10 Apr 2006 15:47:00 EDThttp://money.cnn.com/2006/04/09/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/09/news/newsmakers/enron_trial/index.htmIt's showtime for Enron's former chief executive Jeffrey Skilling as he finally prepares to take the stand in his own defense Monday.Sun, 09 Apr 2006 12:20:00 EDThttp://money.cnn.com/2006/04/07/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/04/07/news/newsmakers/enron_blog_fortune/index.htmWell, they fooled us.Fri, 07 Apr 2006 21:36:00 EDThttp://money.cnn.com/2006/04/07/news/newsmakers/pluggedin_enron_fortune/index.htmhttp://money.cnn.com/2006/04/07/news/newsmakers/pluggedin_enron_fortune/index.htmOn March 31, Jeffrey Skilling's attorneys filed two remarkable documents with the federal court in Houston where he and Ken Lay are being tried on fraud and conspiracy charges.Fri, 07 Apr 2006 14:07:00 EDThttp://money.cnn.com/2006/04/06/news/newsmakers/skilling_enron_fortune/index.htmhttp://money.cnn.com/2006/04/06/news/newsmakers/skilling_enron_fortune/index.htmFrom the start of opening arguments, a key defense theme in the Enron trial has been that greedy short-sellers played a big part in bringing down the company, by conspiring with the media and triggering a fatal "run on the bank." Mike Ramsey, Ken Lay's lead defense attorney, for example, called shorts "vultures" who "are trying to kill a company so that they will make money."Thu, 06 Apr 2006 17:16:00 EDThttp://money.cnn.com/2006/04/06/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/04/06/news/newsmakers/enron_blog_fortune/index.htmEven if you're an Enron junkie -- meaning that while most in the courtroom are groaning about endless accounting detail, you're sitting on the edge of your wooden bench, rapt -- you would have found Wednesday's testimony trying.Thu, 06 Apr 2006 16:20:00 EDThttp://money.cnn.com/2006/04/06/news/newsmakers/enron_trial/index.htmhttp://money.cnn.com/2006/04/06/news/newsmakers/enron_trial/index.htmDefense testimony from Enron's ex-general counsel James Derrick dragged into a second day Thursday, making it likely that former CEO Jeffrey Skilling's testimony will be put off until next week.Thu, 06 Apr 2006 09:35:00 EDThttp://money.cnn.com/2006/04/05/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/04/05/news/newsmakers/enron_blog_fortune/index.htmDefense lawyers moved speedily through three more witnesses Tuesday on their way to calling Skilling Thursday morning. Thus far, the line that every pundit is repeating -- which is that this case will come down to how well Skilling and Lay do on the stand -- rings true.Wed, 05 Apr 2006 16:41:00 EDThttp://money.cnn.com/2006/04/05/news/newsmakers/enron/index.htmhttp://money.cnn.com/2006/04/05/news/newsmakers/enron/index.htmEnron investigated allegations made by then-vice president Sherron Watkins in 2001, but found some of her concerns were based on office gossip and found no evidence the company's accounting was inappropriate, a witness for the defense of the company's two former CEOs testified Wednesday.Wed, 05 Apr 2006 10:56:00 EDThttp://money.cnn.com/2006/04/04/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/04/04/news/newsmakers/enron_blog_fortune/index.htm"Drive-by shootings." That's how lawyers in the defense camp privately describe the Enron Task Force's prosecutorial methods.Tue, 04 Apr 2006 17:27:00 EDThttp://money.cnn.com/2006/04/04/news/newsmakers/enron/index.htmhttp://money.cnn.com/2006/04/04/news/newsmakers/enron/index.htmIn its second day at bat, the defense team in the Enron trial hammered away at testimony from former executives presented by the prosecution about alleged side deals between former CEO Jeffrey Skilling and ex-financial chief Andrew Fastow that put Fastow's LJM partnerships interests before Enron's.Tue, 04 Apr 2006 09:50:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/04/17/8374281/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/04/17/8374281/index.htmOne of the the jaw-dropping moments in the trial of former CEOs Ken Lay and Jeff Skilling came when former CFO Andy Fastow discussed the road show that Enron executives set up to reassure skittish ... Mon, 03 Apr 2006 16:15:00 EDThttp://money.cnn.com/2006/04/03/news/newsmakers/enron_defense/index.htmhttp://money.cnn.com/2006/04/03/news/newsmakers/enron_defense/index.htmAct 2 of the Enron trial got underway Monday when the first witness for the defense tried to cast doubt on Enron's former head of investor relations, saying he pleaded guilty under pressure from the government.Mon, 03 Apr 2006 11:39:00 EDThttp://money.cnn.com/2006/03/31/news/newsmakers/enron_lay_skilling/index.htmhttp://money.cnn.com/2006/03/31/news/newsmakers/enron_lay_skilling/index.htmFor Enron founder Kenneth Lay and former chief executive Jeffrey Skilling, the man in the mirror may prove to be their best bet for an acquittal.Fri, 31 Mar 2006 16:25:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/2006/04/03/8373069/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2006/04/03/8373069/index.htmWhat I did was reprehensible, and it is not easy to look at yourself and to recognize that about yourself and to admit it. And it took me a long time to do that, and some days--some days it's still... Wed, 29 Mar 2006 15:57:00 ESThttp://money.cnn.com/2006/03/28/news/companies/enron_prosecution/index.htmhttp://money.cnn.com/2006/03/28/news/companies/enron_prosecution/index.htmThe judge in the Enron case dismissed three counts against former Enron CEO Jeffrey Skilling and one count against founder Kenneth Lay as the government rested its case against the two former executives Tuesday morning.Tue, 28 Mar 2006 17:19:00 ESThttp://money.cnn.com/2006/03/28/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/03/28/news/newsmakers/enron_blog_fortune/index.htmDan Petrocelli, Jeff Skilling's lead attorney, ended his questioning of the government's last big witness (former Enron treasurer Ben Glisan) the same way he did with his questioning of its first (former investor relations chief Mark Koenig) -- on an oddly sympathetic (and disingenuous-sounding) note.Tue, 28 Mar 2006 16:26:00 ESThttp://money.cnn.com/2006/03/28/news/newsmakers/enron_defense/index.htmhttp://money.cnn.com/2006/03/28/news/newsmakers/enron_defense/index.htmJust over two months into the corporate trial of the century, Enron prosecutors are ready to take their seats and let defense attorneys for Enron founder Kenneth Lay and former chief executive Jeffrey Skilling claim the spotlight.Tue, 28 Mar 2006 15:12:00 ESThttp://money.cnn.com/2006/03/23/news/newsmakers/enron_blog_fortune/index.htmhttp://money.cnn.com/2006/03/23/news/newsmakers/enron_blog_fortune/index.htmAt about 4:30 p.m. on Wednesday, prosecutor Kathy Ruemmler finished questioning Ben Glisan, who was Enron's treasurer.Thu, 23 Mar 2006 16:25:00 ESThttp://money.cnn.com/2006/03/21/news/companies/compliance_complaints/index.htmhttp://money.cnn.com/2006/03/21/news/companies/compliance_complaints/index.htmCorporate executives, faced with greater regulatory scrutiny and demands in the wake of corporate scandals like Enron, have for some time moaned that new compliance rules are costing them profits and manpower, as well as cumbersome and probably not that effective.Tue, 21 Mar 2006 21:08:00 ESThttp://money.cnn.com/2006/03/21/news/newsmakers/quattrone_impact/index.htmhttp://money.cnn.com/2006/03/21/news/newsmakers/quattrone_impact/index.htmA federal appeals court's decision to overturn former star investment banker Frank Quattrone's conviction is a reminder to judges and prosecutors alike: get it right the first time or watch your case go up in smoke.Tue, 21 Mar 2006 17:28:00 ESThttp://money.cnn.com/2006/03/20/magazines/fortune/enron_fortune_040306/index.htmhttp://money.cnn.com/2006/03/20/magazines/fortune/enron_fortune_040306/index.htm"What I did was reprehensible, and it is not easy to look at yourself and to recognize that about yourself and to admit it. And it took me a long time to do that, and some days -- some days it's still hard to do that. I've destroyed my life. All I can do is try to take what's left, ask forgiveness, and be the best person I can be."Mon, 20 Mar 2006 17:17:00 ESThttp://money.cnn.com/2006/03/15/news/newsmakers/enron/index.htmhttp://money.cnn.com/2006/03/15/news/newsmakers/enron/index.htmEnron's most prominent whistle blower Sherron Watkins took the stand Wednesday and described a company that increasingly became mired in accounting fraud in 2001, prompting her to send an anonymous letter to Enron founder Kenneth Lay in August warning him that the company "had a hole in the ship and we're going to sink."Wed, 15 Mar 2006 11:04:00 ESThttp://money.cnn.com/2006/03/14/news/newsmakers/enron_loehr/index.htmhttp://money.cnn.com/2006/03/14/news/newsmakers/enron_loehr/index.htmThe government expects to wrap up its case against Enron founder Kenneth Lay and former chief executive Jeffrey Skilling within the next two weeks, a federal prosecutor said late Tuesday.Tue, 14 Mar 2006 14:01:00 ESThttp://money.cnn.com/2006/03/13/news/newsmakers/enron_fastow/index.htmhttp://money.cnn.com/2006/03/13/news/newsmakers/enron_fastow/index.htmThe lead attorney for Enron founder Kenneth Lay mounted an aggressive attack against key prosecution witness Andrew Fastow, accusing the former financial chief of exaggerating Enron's financial woes and lying about the company's dealings with Goldman Sachs in 2001.Mon, 13 Mar 2006 12:17:00 EST