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Latest Jeffrey Skilling Stories

2006-02-07 18:26:04

By Dan Whitcomb HOUSTON (Reuters) - An ex-Enron executive testifying against his former bosses Jeffrey Skilling and Ken Lay sparred with a defense lawyer on Tuesday, insisting that it was "wrong" for the company to jack up reported earnings to match Wall Street estimates. Mark Koenig stood his ground under an often combative cross-examination by Skilling attorney Daniel Petrocelli over the company's raising of 1999 earnings per share by a penny, which he related in earlier testimony...

2006-02-07 00:05:00

By Dan Whitcomb and Matt Daily HOUSTON -- A key prosecution witness testifying against his once-powerful bosses at Enron Corp. broke down in tears on Monday after a defense lawyer accused him of lying to try to protect himself and questioned him about his children. Mark Koenig, who spent nearly three days testifying for prosecutors against former Enron CEOs Ken Lay and Jeffrey Skilling, was responding to a series of questions from Skilling attorney Daniel Petrocelli about his guilty plea when...

2006-02-03 18:20:08

By Dan Whitcomb HOUSTON (Reuters) - Prosecutors inflicted considerable damage against ex-Enron chiefs Ken Lay and Jeffrey Skilling with their first witness, legal experts say, but the defense was certain to be gunning for him when the trial resumes on Monday. Former Enron investor relations chief Mark Koenig, who testified on Wednesday and Thursday, recounted what he called lies and manipulated earnings reports, and being in the room when Skilling -- on a tape recording played for...

2006-02-02 19:50:19

By Jesse Hiestand LOS ANGELES (Hollywood Reporter) - The writer/director of "Enron: The Smartest Guys in the Room" is the second winner of the Writers Guild of America's award for best documentary writing, the union said Wednesday. Alex Gibney, who also has been nominated for a documentary feature Academy Award, was set to receive the honor from actor James Woods during a ceremony in Hollywood in Wednesday evening. "Enron" beat a field that included the matchmaker film "Cowboy del...

2006-02-02 18:08:35

By Dan Whitcomb and Matt Daily HOUSTON (Reuters) - Jurors in the trial of ex-Enron chiefs Jeffrey Skilling and Ken Lay on Thursday heard an infamous tape of Skilling calling an investor an "A**hole" as the man confronted him over the company's murky earnings releases. The insult came in April of 2001, just eight months before Enron went bankrupt as, prosecutors say, Skilling was becoming increasingly desperate to maintain an illusion that the failing company was in good financial...

2006-02-02 17:00:04

By Matt Daily HOUSTON (Reuters) - Enron Corp. jacked up its 2001 earnings forecast and misled investors about its financial health to boost the stock price just months before the company went bankrupt in 2001, a former executive testified on Thursday in the trial of former Enron chiefs Ken Lay and Jeffrey Skilling. Mark Koenig, who directed Enron's investor relations, said the energy company, under the authority of Lay and Skilling, raised its profit forecast for the year by 5 cents...

2006-02-02 03:43:55

By Jesse Hiestand LOS ANGELES (Hollywood Reporter) - The writer/director of "Enron: The Smartest Guys in the Room" is the second winner of the Writers Guild of America's award for best documentary writing, the union said Wednesday. Alex Gibney, who also has been nominated for a documentary feature Academy Award, was set to receive the honor from actor James Woods during a ceremony in Hollywood in Wednesday evening. "Enron" beat a field that included the matchmaker film "Cowboy del...

2006-02-01 19:52:39

By Dan Whitcomb and Matt Daily HOUSTON (Reuters) - Former Enron Corp. chiefs Ken Lay and Jeffrey Skilling were so intent on boosting the stock price that at least twice the company tampered with quarterly earnings reports to meet or beat Wall Street forecasts, a former Enron executive testified at their trial on Wednesday. Mark Koenig, who directed Enron's investor relations and has pleaded guilty to aiding and abetting securities fraud, said the two leaders worried more about...

2006-02-01 16:02:42

By Dan Whitcomb HOUSTON (Reuters) - Former Enron Corp. chief executives Ken Lay and Jeffrey Skilling were so intent on boosting the stock price that at least twice the company tampered with quarterly earnings reports to meet or beat Wall Street forecasts, a former Enron executive testified at their trial on Wednesday. Mark Koenig, who directed Enron's investor relations and has pleaded guilty to aiding and abetting securities fraud, said the two leaders were more preoccupied with...

2006-01-31 19:37:28

By Dan Whitcomb and Matt Daily HOUSTON (Reuters) - Prosecutors accused former Enron Corp. chief executives Ken Lay and Jeffrey Skilling of lying to cover up their company's crumbling finances, but defense attorneys said crooked underlings destroyed the energy trading giant in opening arguments of the two men's criminal trial on Tuesday. The emotional arguments provided a glimpse of what lies ahead in the four-month-long trial that could land the two former corporate stars in prison...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.