After bilking the shareholders out of billions, Jeff Skilling, ex CEO of Enron, will die in jail. The 52 year old got sentenced to 24 years and four months in jail for his part in the Enron scandal. It feels good knowing he will be some prisoner’s beeatch for the rest of his years.
Considering Andy Fastow, the CFO (Chief FUBAR Officer in this case), only got 6 years and probably has millions sitting in an offshore trust or Swiss Bank Account and Ken Lay died of a heart attack pending sentencing, I think Skilling got the toughest sentence out of the big three.
Fastow got of lucky for turning over on how inept he was. If you have read Kurt Eichenwald’s book on the subject, you would know that Fastow was the driving force in the financial scandal that rocked the markets. But Skilling was the man in charge so rightfully deserves a harsh sentence for letting it happen on his watch.
So ends the Enron affair as far as the major players go.
Good riddance.
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This was the greatest news of the last week – I’m tickled pink over it, actually. He was a bad person and this is just what he deserved.
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Spend the rest of his days in jail? My math shows he’d be about 76 once his term was up. Don’t make assumptions, folks! 🙂
Maybe this point of view is unique because I work with seniors, but 76 is hardly an extreme vintage these days…
Other than that, I’m glad he’s behind bars. Good thing it’s not in Canadian jails – he’d be out in a couple years if that.
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Like he’d go to jail in Canada! Ha!!