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Jeff Skilling Sentenced to 24 Years (Enron CEO)
WCHS Portland ^ | October 23, 2006

Posted on 10/23/2006 1:11:20 PM PDT by Lunatic Fringe

Breaking


TOPICS: Breaking News
KEYWORDS: corporatescandals; dupedinvestors; enron; kenlay; skilling
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To: Brilliant
I think there is a difference between violent and white collar crooks. Keeping the violent offenders in prison during their frisky years reduces crime. White collar types OTOH, offend again less frequently. For one thing, it's very hard for them ever to get another job where they would have the opportunity.
81 posted on 10/23/2006 2:13:42 PM PDT by colorado tanker
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To: wideawake

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!)


82 posted on 10/23/2006 2:15:50 PM PDT by Husker8877
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To: Lunatic Fringe

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.


83 posted on 10/23/2006 2:16:23 PM PDT by Brent Calvert 03969-030
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To: wideawake

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.


84 posted on 10/23/2006 2:16:31 PM PDT by Dick Bachert
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To: Lunatic Fringe

Chronicle article here - http://www.freerepublic.com/focus/f-news/1724512/posts


85 posted on 10/23/2006 2:16:50 PM PDT by Ready4Freddy ("Everyone knows there's a difference between Muslims and terrorists. No one knows what it is, tho...)
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To: SamAdams76
Two flaws in your argument:,P>(1) We are talking about a direct comparison between people who are convicted of second degree murder. Not instances of diminished capacity like an enraged husband.

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.

86 posted on 10/23/2006 2:16:54 PM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: Dick Bachert
Those who lost most of their life savings might have considered a bullet in the head a more humane act by this corporate criminal

Those who lost most of their life savings loaded the gun themselves and asked Skilling to point it at their heads.

87 posted on 10/23/2006 2:17:52 PM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: taxcontrol

Sounds like a list of Hillarys accomplishments.


88 posted on 10/23/2006 2:19:35 PM PDT by Screamname (LET`S GO TIGERS!!! LET`S GO TIGERS! LET`S GO TIGERS! LET`S GO TIGERS!!!)
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To: wideawake
Agreed - explained in detail @ link - certainly Enron encouraged employees to have more $$ in their stock - but is was never mandated - and there were other investment options

http://www.freerepublic.com/focus/fr/606751/posts
89 posted on 10/23/2006 2:20:08 PM PDT by VRWCTexan (History has a long memory - but still repeats itself)
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To: Lunatic Fringe
The BIG guy goes to the Big House! :^D

90 posted on 10/23/2006 2:20:10 PM PDT by MeekOneGOP (There is only one GOOD 'RAT: one that has been voted OUT of POWER !! Straight ticket GOP!)
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To: Lunatic Fringe
I know a windbag who says "In the corporate world, what you get is what you deserve", over and over.

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.

91 posted on 10/23/2006 2:20:36 PM PDT by OKSooner
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To: taxcontrol

It's absolutely ridiculous that Skilling gets 24 years and Lynn Stewart gets 28 months.


92 posted on 10/23/2006 2:21:11 PM PDT by tdewey10 (Can we please take out iran's nuclear capability before they start using it?)
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To: SamAdams76
They are criminals just like those who rob banks and knock over liquor stores.

Thank you.

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.

93 posted on 10/23/2006 2:21:17 PM PDT by zarf
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To: Husker8877
It's not a matter of being superior. I was not boasting about having a normal reitrement plan anymore than I would boast that I pay my electric bill so my lights don't get turned off.

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.

94 posted on 10/23/2006 2:22:03 PM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: taxcontrol

"Thou shall not steal" and "Thou shall not kill" are both commandments. The bible does not weight either one of these above the other.


95 posted on 10/23/2006 2:23:13 PM PDT by NYCynic
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To: wideawake
I'm not quite sure I understand why you think this fella is getting railroaded. He committed fraud, i.e. he stole money via deceit. The apparent stupidity of his victims does not excuse his actions. The magnitude of his theft should determine the magnitude of his sentence.
96 posted on 10/23/2006 2:25:27 PM PDT by NYCynic
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To: NYCynic
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.

97 posted on 10/23/2006 2:25:37 PM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: shuckmaster
but the folks at Enron had no choice if they wanted to take advantage of the companies retirement package at all.

This is not correct. 401(k) participants at Enron did not have to purchase Enron stock as a precondition of participating in the plan.

98 posted on 10/23/2006 2:27:30 PM PDT by Fury
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To: Dog Gone; Hydroshock; Erasmus
The judge also ruled that he cannot be freed during his appeal.

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!

99 posted on 10/23/2006 2:28:25 PM PDT by sam_paine (X .................................)
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To: NYCynic
I'm not quite sure I understand why you think this fella is getting railroaded.

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.

100 posted on 10/23/2006 2:30:25 PM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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