Word: jeffreys
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...simultaneously selling his own shares--while knowing that the firm he had turned from a staid pipeline operator into an innovative energy-trading giant was imploding. Investigators for plaintiff lawyers tell TIME they are looking into allegations that investment bankers helped top executives like Lay and former CEO Jeffrey Skilling (who is also supposed to pay a visit to Capitol Hill this week) put so-called collars on their stock options so they would not lose money, no matter how low the stock sank...
...hard to imagine how the mounting evidence of trouble could have escaped Lay's attention by last summer. Vice chairman Clifford Baxter--who committed suicide late last month--resigned in May after voicing concerns about accounting practices to Lay's top deputy, Jeffrey Skilling. The whistle-blowing memo by Enron vice president Sherron Watkins was sent to Lay on Aug. 15. Another warning memo, from employee Margaret Ceconi, made its way to Lay soon after. Nonetheless, Lay in September was telling employees to buy more stock and bet on Enron's future...
...incrimination. Says his spokesman, Gordon Andrew: "Our position remains that Mr. Fastow acted with the full knowledge and approval of Enron's board of directors, its office of the chairman, which included Mr. Lay and Mr. Skilling, and its internal and external auditors and legal advisers." His former boss, Jeffrey Skilling, who quit as Enron CEO last August, had no such hesitation, insisting to his incredulous interrogators that things had gone swimmingly on his watch...
...first time that Winokur, who testified alongside former Enron CEO Jeffrey Skilling and fellow Enron board member Robert K. Jaedicke, has spoken publicly about Enron since the company’s downfall...
Stone Professor of International Trade Jeffrey D. Sachs ’76 will advise the United Nations on research aimed at significantly decreasing world poverty, disease and preventable death...