Enron founder Kenneth Lay, with his wife Linda, makes a statement as he leaves the courthouse after being found guilty of all counts in his fraud and conspiracy and bank fraud trials Thursday, May 25, 2006 in Houston. (AP Photo/Pat Sullivan)
Enron founder Kenneth Lay, with his wife Linda, makes a statement as he leaves the courthouse after being found guilty of all counts in his fraud and conspiracy and bank fraud trials Thursday, May 25, 2006 in Houston. (AP Photo/Pat Sullivan)
IIRC, much of the defense costs were paid for by directors E&O policies and other liability coverage..no longer the case after the conviction..so they'll have to decide if they each want to throw away several million on an appeal....to merely buy some more time...Since the appeals will most likely lose, at some point Skilling and Lay will havbe to decide if they want to leave something for their families..