CheatingWhat Is It, Really?
Ive been casually following the Enron trial under way in Houston and trying to figure out what it all means, if anything. The companys founder and CEO Ken Lay and chief operations officer Jeff Skilling were both indicted back in 2001 for basically playing fast and loose with the organizations financial figures. Both have pled not guilty to charges that they were involved in corporate shenanigans that transformed a legitimatebut somewhat minorenergy logistics company into a out-of-control speculative giant. (In fact, Enron once ranked in the top five U.S. companies in terms of overall value, along with companies like Wal-Mart and ExxonMobil).
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