Skip to comments.Jeff Skilling Sentenced to 24 Years (Enron CEO)
Posted on 10/23/2006 1:11:20 PM PDT by Lunatic Fringe
RE: Your post #27:
My, don't we have our perfectly diversified noses in the air, hmmm?
I agree it was primarily their own damn fault that so many lost so much in the Enron scandal. But why must you feel the need to take that opportunity boast? It's bad form.
(By the way, I have no stake in the situation, never having bought in to Enron in the first place. And hey, you have the right to brag all you want about your good fortune, if that's what makes you feel superior, and if that is a need you have...congrats on the schadenfreude buzz it gave you!)
There is no parole in the federal system. He will do almost 87% of the full sentence. His sentence length precludes him from serving in a minimum-security facility; no club fed for him. He has only three chances for a sentence reduction. One is to win his appeal. Two is if he provides 'substantial assistance' to the government, then the feds can file a 'Rule 35b' requesting a downward departure from his original sentence. Third is a presidential pardon. He will most definitely be surrounded by violent criminals. Although he will not be sentenced to a supermax or probably not even a penitentiary, he will be confined in a medium-security facility filled with gang members serving 20 or 30 years. It is those medium-security places where the gangsters make a name for themselves. In maximum-security, you have already earned the respect of the other convicts, unless you are a pedophile, terrorist, or ex-law enforcement. I've been where he is going, and the next time he posts to Free Republic, he should have eight digits after his name (like me). I hope he uses his time to get straight with the man.
Those who lost most of their life savings might have considered a bullet in the head a more humane act by this corporate criminal and the others whose names we don't yet know. Trust me; they're still out there!
I wish I could make it a requirement to have a VERY LARGE poster of Skillings -- in his cell in his prison jump suit or fatigues -- placed on the wall of EVERY corporate board room and accounting firm conference room in America JUST to give any Lay/Skillings wannabes some food for thought.
Chronicle article here - http://www.freerepublic.com/focus/f-news/1724512/posts
On that basis, 24-30 is more than 15-25.
(2) You wrote: "some high level executives, in a pre-meditated manner, falsified company records to hurt other people financially in order to benefit themselves at their expense."
That's not the case - the people they defrauded were stockholders - yet they themselves were wealthy insofar as they owned options in company stock. The absolute last thing they wanted to happen was for the company stock to collapse. They were certainly not premeditating a destruction of Enron's share price.
Those who lost most of their life savings loaded the gun themselves and asked Skilling to point it at their heads.
Sounds like a list of Hillarys accomplishments.
The BIG guy goes to the Big House! :^D
I can't help but wonder what (he or she) thinks about all those Enron folks who lost their savings, stocks, and retirement.
I don't expect them to be consoled by the fact that most of the crooks involved (Skilling, Fastow, Causey) will actually get theirs too.
Ken Lay, of course, has faced a different, and hopefully, merciful judgment.
It's absolutely ridiculous that Skilling gets 24 years and Lynn Stewart gets 28 months.
An ignorant inner city kid with no future who hits a bank to support his habit has more of a rational for criminal activity.
In a comparison of wrongs, the white collar criminal is worse in my book.
Diversification isn't some kind of extraordinary achievement: it's extremely simple to do and a basic responsibility.
There is no Schadenfreude here - I'm not happy these people ruined their retirements, but I'm not going to pretend that what they did was wise.
And I did have a personal stake in Enron - I lost a chunk of cash in those shares I wouldn't mind having back.
"Thou shall not steal" and "Thou shall not kill" are both commandments. The bible does not weight either one of these above the other.
Yet it prescribes death for one and restitution for the other.
It amazes me the false blanket statements people routinely make about the Scriptures when anyone can check the Scriptures themselves to verify.
This is not correct. 401(k) participants at Enron did not have to purchase Enron stock as a precondition of participating in the plan.
Aha! The justice system has wised up to Ken's old trick.....the "uh, yeah, uh, he died in Colorado, mmmkay! Pay no attention to the fact that his swim trunks and sunglasses and sunscreen and suitcase are missing...." trick!
I simply believe that the punishment should fit the crime. I believe that theft is a less severe offense than treason, for example.
If LynnStewart can commit treason and receive 28 months while Skilling can get ten times that for fraud then either her sentence needs to be harshened or his needs to be lightened.
Otherwise, our legal system is completely arbitrary and meaningless.