Enron Chiefs Found Guilty of Being Enron

Kenneth L. Lay and Jeffrey K. Skilling were convicted today on charges of fraud and conspiracy.

Does this mean we should start selling our Enron stock?

For those of you playing the home version of our , those big numbers in the pictures reflect their indictment counts.

“Obviously, I’m disappointed,” Mr. Skilling said as he left the courthouse, “but that’s the way the system works.”

Yes, that’s the way it works, wrongs are righted and the guilty are punished after their usefulness is spent.

Enron Chiefs Guilty of Fraud and Conspiracy” [NYT]


Edit Your Comment

  1. aixwiz says:

    Proper punishment for these men is to have done to them what was done to the thousands of employees they defrauded. All of their assets should be sold (houses, cars, etc.) and all of their money confiscated. Then the proceeds should be split up amongst those Enron employees who lost their retirement accounts because of what these two crooks did. Lay and Skilling need to spend the rest of their days in jail and/or begging on a street corner.

  2. Paul D says:

    Unfortunately, given the Good Ol’ Boys Club mentality that these men operate under, when they get out (if they ever see the inside of a jail cell, I’m still not convinced they will, even after this conviction) they’ll be welcomed with open arms by any number of bigshots and given high ranking positions in so-n-so’s corporation or consulting firm. That or they’ll sign lucrative book deals and travel the company on somebody else’s dime doing book signings and giving lectures. The government could take everything but the shirts on their backs, and they’d still wind up OK in the end.


    Meanwhile, yeah, Joe & Jane McEnronEmployee are still penniless.

  3. Paul D says:

    sign lucrative book deals and travel the company

    That should read “travel the country“.


  4. What I don’t understand is how thousands of Enron employees who got screwed out of retirement by these schmucks never raised the money to hire a vigilante to take care of these guys…I mean, you piss off that many people, surely there must be consequences beyond our impotent judicial system. Maybe they are untouchable?