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We often hear of 'free enterprise', 'free markets', 'less regulation', and so on, but what happens when the managers of a company act in criminal or negligent fashion.
The ENRON trial is now heating up with testimony from Jeff Skilling and later this month, Kenneth Lay. Both claim innocence and that they were duped into believeing everything was OK.
However, we then have testimony from people like Sherron Watkins:
I am sure we'll hear the equivalent of "It wasn't me!"
See more at - Former Enron Executives Go on Trial
http://www.npr.org/templates/story/story.php?storyId=5181660
The ENRON trial is now heating up with testimony from Jeff Skilling and later this month, Kenneth Lay. Both claim innocence and that they were duped into believeing everything was OK.
However, we then have testimony from people like Sherron Watkins:
Lay then went on to freeze the retirement accounts of employees, while he and other officers dumped their stock to an unsuspecting market.Enron whistleblower Sherron Watkins testifies against former chairman Kenneth Lay. Watkins met with Lay four months before the company went bankrupt, and warned him about accounting problems. Prosecutors hope her testimony will show that Lay made intentionally misleading statements to investors.
I am sure we'll hear the equivalent of "It wasn't me!"
See more at - Former Enron Executives Go on Trial
http://www.npr.org/templates/story/story.php?storyId=5181660