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John Taylor Skilling Dead: 5 Facts About Enron President Jeffrey Skilling's Son
By Mary Phillips-Sandy - AOL NewsJohn Taylor "J.T." Skilling, a son of former Enron President Jeffrey Skilling, was found dead in his California apartment, authorities say. The Orange County Coroner's Office has said there is no evidence of foul play. A full report is forthcoming. Surge Desk has five facts on the young man whose father's name has become synonymous with the Enron scandal. 1. He may have been 'distraught' A Santa Ana, Calif., police spokesman said J.T. Skilling had been distraught after a breakup with his girlfriend. The spokesman added that bottles of medication were found in Skilling's apartment. 2. He ...
Opinion: Corporate Secrecy, Meet WikiLeaks
By not in system - AOL News
(Dec. 13) -- Much has been said about the impact WikiLeaks will have in reshaping how governments and corporations think about safeguarding information. But the simplest way to sum up global sentiment might be "shattering." As in, shattering to the concept that information can remain secure or confidential. Shattering to whatever scrap of optimism we still held that nine years after the collapse of Enron, a summer removed from Toyota's folly and just a few months past the disaster of the BP oil spill, corporate America had finally taken to heart what my colleagues in public relations have ...
FDIC Probing 50 Banks, but Still No Fall Guy for Financial Crisis
By Paul Wachter - AOL News(Nov. 17) -- Remember the savings-and-loan crisis? Charles Keating was the high-profile villain and served four years in prison for fraud. Five senators -- the so-called Keating Five, which included John McCain -- were scolded by the Senate Ethics Committee. Enron also produced some easily identifiable bad guys, most notably CEO Jeffrey Skilling and Chairman Ken Lay. Skilling is currently serving a 24-year prison sentence, and he may have been joined by Lay had the ex-chairman not passed away before his sentencing. But what of the most recent financial crisis? Wall Street giants Lehman ...
Labor Day and Unions: Making America Work
By James Grady - Politics DailyThis Labor Day, America's unions face a back to school autumn that will redefine their relevance in our river of politics and power. The historic relevance of unions is easy to see: The country got a big boost through the success of union workers like public school teachers who, along with dog-hated mailmen, spend their middle-class paychecks and thus enhance our middle-class economy. Now America's whole middle class is in trouble. Pick your set of statistics or ideological argument from the left or the right to back up what all of us know: If you're stuck in the middle, you're holding ...
Opinion: SEC Gets It Right on New Investor Rules
By Marty Robins - AOL News(Sept. 2) -- You may think the topic of "proxy access" has nothing to do with you, if you've even heard of the term. But if you own stock, directly or through mutual funds, want to retire someday or want to keep your job, you'd be wrong ... way wrong. The topic and recently announced changes in Securities and Exchange Commission rules have everything to do with the health of our economy. We've seen far too many corporate debacles as a result of poor corporate decision-making, which have laid low our economy and cost us trillions to try to fix. In an effort to get better decision-making, the ...
Supreme Court Ruling (Sort of) Helps Jeffrey Skilling and Conrad Black
By Andrew Cohen - Politics DailyThursday was a relatively good day at the Supreme Court for infamous white-collar criminal defendants. Jeffrey Skilling, the disgraced former Enron executive, and Conrad Black, the former media tycoon, both received favorable rulings from the justices on the issue of the federal "honest services" law. In both cases, the court unanimously tossed convictions based upon that statute and inaccurate instructions given to jurors before they deliberated the fate of the men. And in each instance the justices unanimously ordered the trial judges to consider whether all of their many other fraud ...
Jeffrey Skilling Was Right? Supreme Court Justices Side with Disgraced Enron Exec
By Dana Chivvis - Politics DailyThe Supreme Court ruled today that disgraced former Enron executive Jeffrey Skilling is actually right in his claim that the prosecution's use of the white collar "honest services" law in his case was "flawed." The ruling also applies to the conviction of newspaper mogul Conrad Black, who is serving a six-and-a-half year sentence for stealing millions from his company, Hollinger International Inc., that was actually due to shareholders. Skilling is serving a sentence of more than 24 years for his 2006 conviction on 19 counts of conspiracy, securities fraud, insider trading and lying to ...
With Court Ruling, Will Jeffrey Skilling Get Out of Jail?
By not in system - AOL News(June 24) -- Will Enron ex-CEO Jeffrey Skilling get out of jail? The Supreme Court ruled today on several aspects of Skilling's conviction, leaving him a path to a new trial on all counts, but not a certain one. The court rejected Skilling's guaranteed passage to a new trial by ruling 6-3 that his jury was fair and not overly tainted by pretrial publicity and a short jury-screening procedure. Interestingly, the only justice with trial court experience -- Justice Sonia Sotomayor -- voted for Skilling on this point. ...
Banks, CDOs and Prison Futures
By Robert and Donna Trussell - Politics Daily...
Opinion: Some Really Useful Advice for Goldman Sachs
By not in system - AOL News(April 21) -- Dear Goldman Sachs, So, you've been caught cheating. You sorta committed fraud, kinda misled investors, maybe accelerated the financial collapse. Don't panic. It's going to be all right. You're going to survive. There have been many Great Cheaters before you and I've studied them all. Here are the lessons they have to teach: First, you need to recognize the five stages to the grief of getting caught getting rich cheating. DENIAL: "We don't know what you're talking about and we didn't do it." ANGER: "We said We Didn't Do It!!" BARGAINING: "Oh, come onnnnn ..." DEPRESSION: ...
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