Monday, October 23, 2006

Enron CEO gets 24 years in prison

Former Enron CEO Jeffrey Skilling was sentenced to 24 years in prison today. By way of comparison, the man actually responsible for Enron's downfall, former CFO Andy Fastow, was given six years, largely because he cooperated with prosecutors who wanted to bag Lay and Skilling because of their titles.

To his credit, such as it is, Skilling still refuses to admit any wrongdoing, and he stands a decent shot on appeal. Assuming he doesn't kill himself before that happens.


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