Jeff Skilling Sentenced to 24 Years (Enron CEO)

WCHS Portland ^ | October 23, 2006

[Lunatic Fringe]

Breaking

[BritExPatInFla]

Who's starting the pool on when Skilling takes a "Lay" and "dies of natural causes" prior to turning himself in to start serving his sentence.

[Ghost of Philip Marlowe]

Bu ELF terrorists who torched part of the University of Washington are only facing 3-7 years.

[wideawake]

No, you're wrong.

Many people go through extremely stressful circumstances.

I've lost large sums of money and I've lost jobs, in both cases due to circumstances beyond my control.

It's quite stressful to be out of work with a baby on the way, I can well attest.

But I didn't kill myself or worry myself into a heart attack - I got out there and found a job.

If someone ate themselves into a situation where their health was at risk and put all their retirement eggs into one basket it seems really silly to blame anyone but themselves.

[Erasmus]

...do not pass Go. Do not collect 4.67 Billion dollars.

[Alberta's Child]

Right. Most good financial advisors will tell you that you should never have more than 4%-5% of your retirement nest egg invested in any one company. Sometimes, an exception can be made (up to maybe 10%) for a company like General Electric -- which is involved in so many different lines of business that it almost functions like a mutual fund instead of a single company.

[wideawake]

Show proof or admit that you're just making it up.

Federal law provides people with the ability to roll their 401(k) investments from one strategy to another.

Typical 401k plans at that time didn't allow pull outs or transfers while still employed

False. 401(k) rules allow you to transfer assets except for unvested matching shares - which are gravy and should never be the cornerstone of anyone's retirement strategy.

Enron employees, like anyone else, could have rolled their vested shares into a number of diversified mutual funds at any time.

The window closed when Enron opted to change administrators - a move that freezes assets for 60 days to allow the new administrator to audit the plan and adjust its books.

[NinoFan]

Their sentences were too light. Skilling's sentence seems about right to me.

[wagglebee]

Who's starting the pool on when Skilling takes a "Lay" and "dies of natural causes" prior to turning himself in to start serving his sentence.

My money has a fast helicopter landing in his yard tonight that transports him to Mexico where a private jet takes him to Brazil.

[wideawake]

I'll take that bet.

If the scenario unfolds as you describe, I will donate $50 to FR to be attested to by a third party such as a mod.

If you are incorrect, I will accept a complementary $50 donation to FR to settle the bet.

[Dog Gone]

...do not pass Go. Do not collect 4.67 Billion dollars.

LOL

[Rockitz]

Many people go through stress. Some, such as yourself, handle it better that others, but rest assured, it most definitely affects your lifespan. Many Enron employees lost most, if not all of their nest egg and most certainly some will die an early death because of it if they haven't already. Any time that happens, the source of the worry should be considered the culpable and held accountable.

[Dog Gone]

Sim Lake is the judge. He's a good judge. Reagan appointee.

[silentknight]

Your friend should not have had all of his money in one stock. Big no no.

[montag813]

Skilling is a creep, but I am not crying as much as others for the hundreds of Enron employees who could have easily sold the 50% of their 401k plan that was not in "ENE" stock, thus saving themselves tens of thousands in losses. It was obvious ENE stock was on the road to hell from January of that year. It was falling $10 a month, down and down, yet nearly all of them left the discretionary 50% of their portfolios in the stock! Amazing.
It took an entire year to fall all the way down.

Key support broken below $65 in Mar 2001. Critical support broken below $40 in Sept 2001. The majority of employees were still above breakeven if they had sold at $40. But they didn't.

[libstripper]

He's not getting twice her sentence; he's getting about ten times her sentence. In adddition he has to start serving his sentence immediately, while that traitorous witch stays out while she's appealing her conviction. Not much justice.

[SamAdams76]

Interesting some of the responses on this thread.

Many seem to think the sentence is harsh based on the fact that some murderers end up spending less time behind bars.

I'm not really sure what one is supposed to do with the other. However, there are many instances of murder which need not necessarily translate into a life sentence or death. What about when a man catches his wife cheating and kills the boyfriend in an act of passion? Should that guy get life in prison or death? Or what about vehicular homicide that was an accident? What about when you are waken up in the middle of night by a prowler and shoot them, only to find out later that it was a drunken neighbor who wandered in the wrong house?

Of course, in cases of cold-blooded, pre-meditated murder, especally that of innocent people, the murderer should get a death sentence or life in prison without parole. But there are many lesser murders that do not warrant such a sentence.

In the case of the Enron fraud, 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. They are greedy, ruthless bastards. These are not nice people and they do not deserve our sympathy. They are criminals just like those who rob banks and knock over liquor stores. Lock them up and throw away the key.

[Brilliant]

I don't mind Skilling getting 24 years or more, but I think murders should get more than Skilling.

[Hydroshock]

So is fraud.

[L.N. Smithee]

I corrected my error in a subsequent post.

[Screamname]

Too bad he wasn`t overweight with breast cancer.

"27 months! Oh the humanity!"