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Topic: Skilling

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In the News (Wed 24 Jul 19)

  Jeffrey Skilling - Wikipedia, the free encyclopedia   (Site not responding. Last check: 2007-10-08)
Skilling, who headed Enron from February to August 2001, surrendered to the Federal Bureau of Investigation on February 19, 2004 in connection to the fraud charges against Enron and Skilling's predecessor/successor in the CEO position, Kenneth Lay.
Skilling was born in Pittsburgh, Pennsylvania the second of four children.
Skilling was indicted on 35 counts of fraud, insider trading, and other crimes related to the collapse of Enron.
en.wikipedia.org /wiki/Jeff_Skilling   (1034 words)

 Enron's Skilling Reportedly Hospitalized After Bar Episode
Skilling's lawyer denied the police account, saying it was Skilling who was being harassed by two men who later assaulted him and his wife.
Skilling then left that bar and was taken into custody on Park Avenue where his wife, Rebecca Carter, who was on crutches, fell as she tried to catch up with him.
Skilling is currently out on $5 million bail after being indicted for fraud and insider trading in the December 2001 collapse of Enron.
www.thestreet.com /markets/marketfeatures/10153122.html   (284 words)

 Tom Skilling - Wikipedia, the free encyclopedia
Skilling began his career in broadcasting at age 14, working for WKKD in Aurora, Illinois while attending high school.
Skilling is a member of the American Meteorological Society and National Weather Association.
Skilling is the older brother of former Enron Corporation CEO Jeffrey Skilling.
en.wikipedia.org /wiki/Tom_Skilling   (281 words)

 CNN.com - Enron: Skilling blames others for company woes - Feb. 26, 2002
Skilling continued to point to liquidity problems for Enron's bankruptcy while claiming no knowledge of the company's alleged use of questionable partnerships to inflate profits and hide nearly $1 billion debt.
Skilling started his testimony Tuesday by denying that he had lied to Congress in past testimony or that he had tried to deceive former Chairman Kenneth Lay, to whom he reported.
Skilling, who holds a masters in business administration from Harvard Business School, claimed he was ignorant of the rule that prohibits a company from using its own stock to generate a gain or void a loss.
europe.cnn.com /2002/BUSINESS/02/26/enron.hearing/index.html   (1253 words)

 Skilling is indicted on dozens of charges | www.azstarnet.com ®
Skilling, the top-ranking executive arrested so far in the scandal that shook Wall Street and Washington, was accused of participating in widespread schemes to mislead government regulators and investors about the company's earnings.
Skilling maintained that he believed Enron was financially healthy when he stepped down, citing personal reasons he has not explained.
Skilling's former boss, former Enron chairman Kenneth Lay, is referred to by title in the indictment twice.
www.dailystar.com /dailystar/relatedarticles/10681.php   (910 words)

 Complaint: Jeffrey K. Skilling, Richard A. Causey
Skilling, Causey, and others improperly planned to and did use hundreds of millions of dollars from the undisclosed reserve accounts to, among other things, ensure that budget targets were met and to conceal hundreds of millions of dollars in losses within Enron’s EES business unit from the investing public.
Skilling and Causey were aware that Enron’s performance for the quarter, even after Enron’s use of earnings levers and manipulation of its budget targets, did not support an earnings per share figure of 34 cents.
Skilling was informed of and approved Fastow’s deal with Causey in order to ensure that Enron achieved the financial reporting goals for which Raptor I was designed, even though it was clear that the Raptor I structure was not properly off Enron’s balance sheet.
www.sec.gov /litigation/complaints/comp18582.htm   (7278 words)

 CNN.com - Ex-Enron CEO denies fraud charges - Feb. 19, 2004
Skilling was taken in handcuffs to the Houston federal courthouse.
Skilling, 50, is the highest-ranking former Enron official charged in the government's investigation of the one-time energy giant.
Skilling served as president and COO of Enron from late 1996 to early 2001.
www.cnn.com /2004/BUSINESS/02/19/enron.skilling   (733 words)

 Former Enron executive says Skilling gave analysts bad information in 2001
Skilling did not disclose in conference calls with analysts that the Enron retail energy division had suffered $726 million US in first-half losses from its contracts, and insisted that the unit was profitable, Mark Koenig told jurors.
Koenig, the former executive vice-president for investor relations is the first government witness against Skilling and former CEO Kenneth Lay, who are accused of fraud and conspiracy in the spectacular collapse of Enron in 2001.
Skilling initially said in a press release that the decision was entirely personal, Koenig said.
www.cbc.ca /cp/business/060202/b0202116.html   (788 words)

 ABC 7 News - Ex-Skilling Ally Testifies in Enron Trial   (Site not responding. Last check: 2007-10-08)
Skilling also led an effort in early 1999 to define Enron as a company with consistent growth rather than a trading company with less predictable growth because analysts who influence stock prices supported stability, Rice said Tuesday, his first day on the witness stand.
Skilling would simply say, in fact he did say, `This is the number, this is what the number is going to be,'" Rice said.
In March 2001 Skilling told analysts in a conference call that the broadband unit had "strong growth as far as people, budgets, the whole thing," when workers were being laid off and the unit burned through $100 million per quarter, Rice said.
www.wjla.com /news/stories/0206/302915.html   (804 words)

 USATODAY.com - Charges against Lay and Skilling   (Site not responding. Last check: 2007-10-08)
Skilling allegedly approved quarterly and annual reports submitted to the Securities and Exchange Commission that misstated revenues and earnings and conducted misleading quarterly conference calls with Wall Street analysts.
Prosecutors say Skilling knew the Raptors were wrongly treated as independent of Enron, so should not have been kept off Enron's books, and that they were used to avoid public disclosure of decreases in asset values.
Allege Skilling omitted bad news or lied when he said Enron's revenues from energy trading in California were small while touting Enron's performance and financial health to analysts in several conference calls and an analyst conference in 2000 and 2001.
www.usatoday.com /money/industries/energy/2006-01-27-charges_x.htm   (789 words)

 USATODAY.com - Skilling's fall from grace comes to this   (Site not responding. Last check: 2007-10-08)
Former Enron CEO Jeffrey Skilling unloaded $200 million in Enron stock from 1998 until the energy giant's collapse in 2001, presenting to the public a face of sunny optimism even as the company's fortunes darkened and his personal stock sales accelerated, according to a grand jury indictment unsealed Thursday.
Most of Skilling's stock sales came when Enron was at or near the peak of its market value in late 2000, the criminal indictment and SEC action show.
Skilling's contradictory actions in reassuring investors while cashing out many of his shares came into sharp focus in early 2001, when Enron's stock price plunged to $60 a share from $80 a share and speculation grew that the company's broadband and energy businesses were stumbling.
www.usatoday.com /money/industries/energy/2004-02-20-skilling-cover_x.htm   (1664 words)

 Lay, Skilling Guilty - Enron - CFO.com
Skilling was acquitted on 9 charges, including most of the insider trading charges.
Skilling faced 28 counts of fraud, conspiracy, insider trading and lying to auditors, as well as a maximum of 275 years in prison if convicted on all counts, according to the Associated Press.
Skilling and Lay countered that the company was in pretty good financial shape, blaming bad press, short sellers and a run-on-the-bank for the company's failure.
www.cfo.com /article.cfm/6994489?f=rsspage   (397 words)

 Jeffrey Skilling: bio and encyclopedia article   (Site not responding. Last check: 2007-10-08)
Skilling unexpectedly resigned on August 14 of that year, EHandler: no quick summary.
Skilling is the brother of Tom Skilling[Click link for more facts about this topic], EHandler: no quick summary.
Meteorology is the scientific study of the earths atmosphereatmosphere that focuses on weather processes and forecasting....
www.absoluteastronomy.com /encyclopedia/j/je/jeffrey_skilling.htm   (1330 words)

 TheStreet.com: Enron CEO's Departure Not Passing the Smell Test
While both Skilling and Enron Chairman Ken Lay, former -- and now current -- president and CEO, maintain that Skilling left for personal reasons and of his own volition, the shroud of secrecy over the specifics is troubling to both investors and pundits -- including my colleague James J. Cramer.
In 2000, Skilling was paid a base salary of $850,000 and a bonus of $5.6 million, and received restricted stock awards valued at $3.5 million as well as 867,880 options to purchase Enron stock.
Skilling repaid $2 million in 1999 and his employment contract calls for the balance of the loan to be forgiven "if Mr.
www.thestreet.com /funds/chrisedmonds/1519254.html   (752 words)

 BW Online | February 11, 2002 | Jeff Skilling: Enron's Missing Man
Under Skilling's philosophy of shedding assets and valuing "intellectual capital," those who pitched the next deal were the heroes; those who worried about creating solid assets for the next decade "wore a scarlet A" and were marginalized, says a former manager.
After all, Skilling and other top managers fostered the belief that they were the best and that they were on a mission to open markets across the globe in the face of entrenched, lumbering monopolies.
Skilling, whom the classmate remembers as "a kid who concentrated on the book work rather than the social aspects of going to high school," seemed less concerned about business problems than with his difficult divorce--he told former classmates that he had spent too little time with his family.
www.businessweek.com /magazine/content/02_06/b3769051.htm   (1909 words)

 Skilling's return engagement - Salon
Skilling aggressively, arrogantly, rebuffed their charges, occasionally turning the tables and questioning his inquisitors.
Skilling, sitting only one lawyer away, continued to describe the meeting as one in which McMahon was mainly concerned about his compensation.
The biggest embarrassment Watkins caused Skilling Tuesday may have been when they stood to be sworn in, and she towered over him.
www.salon.com /politics/feature/2002/02/27/skilling/index.html   (686 words)

 Defiant Skilling pleads not guilty / Former Enron CEO faces 35 felonies related to firm's collapse
Skilling, Comey said, was "the guy at Enron." He said although Skilling served as Enron's CEO for only about six months in 2001 before his unexpected resignation, he "essentially ran this company" for years before that as chief operating officer.
The 50-year-old Skilling, known for designing the cutthroat culture at the once-highly regarded energy trader, surrendered to the FBI early on Thursday, soberly passing a phalanx of cameras.
Skilling, who joined Enron in 1990, is expected to argue that the deals in question were reviewed by sometimes dozens of lawyers and accountants and that some subordinates such as Fastow hid their crimes from Skilling.
www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2004/02/20/BUGGS5452226.DTL   (1345 words)

 Enron's Skilling Stands Up to Congress   (Site not responding. Last check: 2007-10-08)
Skilling sat on the panel with Enron executive Sherron Watkins, the woman who wrote a memorandum that touched off internal concern at Enron last August, and Jeffrey McMahon, now Enron's president, who testified he tried to warn Skilling about the conflict of interest problems in the SPEs in March 2000.
Skilling has angrily refuted Watkins' accusations that he knew what was going on and said every step in the setting up of the SPEs were approved by Arthur Andersen.
Skilling said he only sold $15 million of stock between Jan. 1, 2001 and his resignation and that the $66 million figures his insider sales represented a planned liquidation of his holdings over three years.
www.newsmax.com /archives/articles/2002/2/26/203919.shtml   (1005 words)

Skilling surrendered this morning to agents of the Federal Bureau of Investigation in Houston, after the indictment was unsealed.
Skilling allegedly received approximately $200 million from the sale of Enron stock options and restricted stock between 1998 and 2001, and was paid more than $8 million in salary and bonuses.
If convicted of all the charges in the indictment, Skilling faces a maximum sentence of 325 years in prison and hundreds of millions of dollars in fines, and Causey faces a maximum of 265 years and hundreds of millions of dollars in fines.
www.usdoj.gov /opa/pr/2004/February/04_crm_099.htm   (1234 words)

 Skilling faces hearing over night out - May. 7, 2004
Skilling's lawyer, Daniel Petrocelli, said the hearing was scheduled for 3 p.m.
Skilling and his wife had been drinking in an Upper East Side bar for several hours when Skilling began accusing other patrons of being FBI agents and was ordered outside, the memorandum said.
Skilling has been charged with 35 counts of insider trading, wire fraud, securities fraud, conspiracy and making false statements in connection with the collapse of Houston-based Enron, which imploded in late 2001 amid revelations of questionable financial dealings.
money.cnn.com /2004/05/07/news/newsmakers/skilling   (351 words)

 My Way News - Lay, Skilling Convicted in Enron Collapse
HOUSTON (AP) - Kenneth Lay and Jeffrey Skilling were convicted of conspiracy and fraud Thursday by a federal jury that laid blame for one of the biggest business scandals in U.S. history squarely on Enron Corp.'s two former top executives.
Former Chief Executive Skilling was convicted on 19 of the 28 counts in the corporate trial, including one count of insider trading, and acquitted on the remaining nine.
Skilling, sitting with his brother, Mark, showed no emotion when the verdict was read.
apnews.myway.com /article/20060525/D8HR31SO1.html   (1394 words)

 WGNTV.com | Chicago's WB | Tom Skilling
Skilling's first television job took him to Jacksonville, Fla. He then worked for WITI-TV, Milwaukee from 1975-1978, where he was rated the city's #1 meteorologist.
Skilling's documentary work has also received praise that includes Emmy award winning "The Sears Tower Versus Mother Nature." Skilling's award winning tornado documentary "It Sounded Like a Freight Train," " and "When Lightning Strikes," informing the causes and effects of lightning, were widely distributed for use in educational and public awareness efforts.
Skilling has also helped in coordinating the new Tribune Weather Center, which combines the meteorology resources and expertise of WGN-TV, CLTV and The Chicago Tribune in one location.
wgntv.trb.com /news/wgntv-skilling-tombio,0,1377504.story   (420 words)

 Houston's Clear Thinkers: Lay-Skilling, Week Eight
Skilling and Lay knew this and were just as evil, if not more evil that Gotti.
Skillings backbone when he jumped ship on August 14, 2001 when things started getting rough, leaving investors, employees and everybody else to fend for themselves, and then Mr.
Skilling sold 500,000 shares of his Enron stock for $15,587,305 (most of which is probably in Mr.
blog.kir.com /archives/002982.asp   (1868 words)

 USATODAY.com - Skilling's bond eyed after bar incident   (Site not responding. Last check: 2007-10-08)
Prosecutors also say Skilling violated the conditions of his bond by failing to immediately report his contact with police to authorities, as required by his bond.
Then Skilling grew hostile, the filing alleged, and accused one of the two men from the Four Seasons of being an FBI agent.
Then prosecutors say Skilling tried to remove a license plate from the car of two of the patrons with whom he and his wife shared drinks, to seek proof of their identities, and tried to lift the blouse of one of those patrons — a woman — seeking a "wire" used to record their conversations.
www.usatoday.com /money/industries/energy/2004-04-22-enron-skilling_x.htm?POE=MONISVA   (620 words)

 Ex-Enron CEO Jeffrey Skilling indicted in Houston - Feb. 19, 2004
The charges against Skilling and Causey allege that from 1999 to 2001 the two men used various devices and schemes to manipulate Enron's financial results.
Skilling, 50, has become the highest-ranking ex-official charged in the government's investigation of Enron.
Skilling's lawyers have repeatedly said he relied on his subordinates, lawyers and accountants at Enron, where he relinquished the No. 2 post just months before the company's finances collapsed in late 2001.
money.cnn.com /2004/02/19/news/companies/skilling/index.htm   (965 words)

 Broadband Exec: Skilling a Hands-on CEO - - CFO.com
Skilling explained that it was something that would facilitate getting transactions done," he continued, according to the wire service.
Skilling and his co-defendant, former Enron chairman Kenneth Lay, have asserted they had nothing to do with these off-balance-sheet deals, which they claim were the creations of Fastow.
He also reportedly testified that Skilling, during preparation for an analyst conference in January 2001, coached Rice and other presenters about the importance of body language in reinforcing the bullishness of analysts.
www.cfo.com /article.cfm/5518001/c_5518020?f=home_todayinfinance   (564 words)

 Enron - Wikipedia, the free encyclopedia
Kenneth Lay and Jeff Skilling were indicted for securities and wire fraud in July, 2004, leading to a highly-publicized trial in which Lay was convicted on all six counts and Skilling on 19 of 28 counts on May 25, 2006.
Jeffrey Skilling was arrested on February 11, 2004, by the FBI.
Jeffrey Skilling was convicted of 19 of 28 counts of securities fraud and wire fraud and acquitted on the remaining nine, including charges of insider trading.
en.wikipedia.org /wiki/Enron   (4132 words)

 ABC 7 News - Skilling Says Legal Team Ready for Trial   (Site not responding. Last check: 2007-10-08)
Skilling also wouldn't say Thursday whether he will testify in his trial, but Petrocelli reiterated that he'll have a difficult time talking Skilling out of taking the witness stand.
Skilling has watched former friends and colleagues plead guilty to various crimes since 2002, the most recent being Causey, who Dec. 28 became the 16th ex-Enron executive to admit to wrongdoing and cooperate with the government.
Skilling, known to bristle at criticism, has been vilified since before Enron collapsed into bankruptcy in December 2001 upon revelations of billions in off-the-books debt and accusations of inflated profits.
www.wjla.com /news/stories/0106/295623.html   (796 words)

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