Prison Sentence of Ex-Enron C.E.O. Skilling Cut by 10 Years

[DMX7]

http://dealbook.nytimes.com/2013/06/...=business&_r=0

What you expect anything less?

[Wild Cobra]

Prisons release non-violent offenders early all the time.

Do you wish for the tax payer to continue to pay for his room and board?

[baseline bum]

Prisons release non-violent offenders early all the time.

Do you wish for the tax payer to continue to pay for his room and board?

No, he should be shot.

[ElNono]

http://www.spurstalk.com/forums/showthread.php?t=211863

[DMX7]

Prisons release non-violent offenders early all the time.

Do you wish for the tax payer to continue to pay for his room and board?

I have a feeling drug offenders get treated worse.

[DUNCANownsKOBE]

Prisons release non-violent offenders early all the time.

Do you wish for the tax payer to continue to pay for his room and board?

I'd much rather pay for his room and board than the room and board of drug users/dealers who haven't ruined any other person's life. Skilling ruined thousands of lives and put California's economy in a hole it still hasn't recovered from.

[angrydude]

Skilling has quite easily been responsible for more human suffering than all of the non violent drug offenders in California's prison system combined.

[FuzzyLumpkins]

Prisons release non-violent offenders early all the time.

Do you wish for the tax payer to continue to pay for his room and board?

Whats worse? A guys that kills one person of a single family or another that ruins the futures of millions and their families. Of course WC is to choose his corporate overlord.

[Rogue]

releasing him early and saving his room for "violent offenders" seems to me like hanging Von Bock while letting Hitler walk. Guy ruined more persons' lives than any "violent" offender does imho

[TheProfessor]

Couple of things - looks like they screwed up on the federal sentencing guidelines, which, when corrected, might have resulted in a sentence reduction anyway. That was apparently taken into account. He also waived his right to further appeal, which means the feds get $42 million of his assets that were previously tied up. That will go to Enron victims. Amazing that he will be out by 2017, considering what he did to people's lives, but I get why the AUSAs did this.

[TDMVPDPOY]

if they decrease this clown sentence, they might as well decrease bernie madoff

[FuzzyLumpkins]

Couple of things - looks like they screwed up on the federal sentencing guidelines, which, when corrected, might have resulted in a sentence reduction anyway. That was apparently taken into account. He also waived his right to further appeal, which means the feds get $42 million of his assets that were previously tied up. That will go to Enron victims. Amazing that he will be out by 2017, considering what he did to people's lives, but I get why the AUSAs did this.

I try not to be punitive for the sake of being punitive so the assets being freed to help the victims is great. As long as his life as an executive anywhere is over then great and I could care less.

[DMX7]

Amazing that he will be out by 2017, considering what he did to people's lives, but I get why the AUSAs did this.

Absolutely, he was supposed to be the one white collar guy that actually got held accountable and now even he is getting off the hook easy.

[angrydude]

if they decrease this clown sentence, they might as well decrease bernie madoff

Madoff was an amateur compared to what's happened since then. And they never caught him either. If he hadn't turned himself in nothing would have happened to him.

[boutons_deux]

The article doesn't say whether he has any $Ms left after yielding the $42M.

And why wasn't that $42M confiscated as part of his conviction, so he wouldn't have it to bargain with now?

The article doesn't say whether he's barred from the securities/financial industry/profession for life.

[mouse]

What exactly did this man do that the banks and mortgage company's didn't do and got a full pardon from Obama?

The dude already got ed in the ass time to move on go after Halliburton and and Monsanto.

[Winehole23]

it's like accounting firms are designed to hide fraud or that they get rewarded for not finding it

The number of US companies forced to withdraw financial statements because of accounting errors has surged to a nine-year high, raising questions about why mistakes are going unnoticed by auditors.In the first 10 months of this year, 140 public companies told investors that previous financial statements were unreliable and had to reissue them with corrected figures, according to data from Ideagen Audit Analytics.That is up from 122 in the same period last year and more than double the figure four years ago.

So-called reissuance restatements cover the most serious accounting errors, either because of the size of the mistake or because an issue is of particular concern to investors.A rise in restatements was “concerning”, said Sandy Peters, head of global advocacy at the CFA Ins ute, a professional body for investors. “Restatements tell you something about company management, and about a company’s internal controls.”

https://www.ft.com/content/716c4ad5-e8fa-4a34-afba-9fb2d1db019d?accessToken=zwAGKOubELFgkc9xbErV6PpKN NOvup-y0dsBnQ.MEUCIGibhH89IfLZckIzFacYMVIlwq91l4K22bTUin-Dopw8AiEAtI6EGFgVRTwRx9v8oRNqHtLQFZGrhSLUrbJnDmegU po&sharetype=gift&token=f855f54d-175d-4021-aacd-d7c6076c0af0

[Winehole23]

the energy swindle Enron pulled in California was epic