Word: laying
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Watching former Enron Chief Financial Officer Andrew Fastow in the Enron trial this week was, at times, like attending a business school seminar. On the witness stand, testifying for the prosecution against his former colleagues Ken Lay and Jeffrey Skilling, he spoke slowly and clearly, using easy-to-understand metaphors. When asked a question he often backtracked to give fuller, more detailed answers. His testimony was like a crash course in the financial shenanigans that led to Enron's collapse. One lawyer in the audience said listening to Fastow testify for one hour was like reading about the company...
...defense tried to isolate Fastow, saying he didn't have direct, documented evidence of Skilling and Lay doing anything wrong, and stressing the millions Fastow earned in numerous side deals. Petrocelli asked how much money Fastow made in each deal, then asked how much Skilling had put in the bank. The answer to the second question was always, "Zero...
...Petrocelli asked Fastow if Lay and Skilling stole $120 million, as Fastow had. "They stole in different ways," Fastow answered, arguing that inflating earnings and hiding losses made the stock price go up - benefiting senior management, which owned lots of stock...
...Petrocelli is finished with Fastow, but the defense isn't. His cross-examination will continue Monday morning, when Ken Lay?s defense attorney, Michael Ramsey, picks up where Petrocelli left off. Courtroom observers are impressed with the case the prosecution is building up and warn that keeping Fastow on the stand risks taking the focus away from the defendants. "Fastow?s testimony was dangerous for both sides,? said Houston attorney David Berg, author of The Trial Lawyer: What It Takes to Win. "If the government is smart, it will close down its case as soon...
...identity and the church. “There was something about being a Christian that seemed consistent with my experience of being a gay Christian.”He came to HDS in 2004 as an openly gay Christian, and he became a deacon—a kind of lay minister elected by one’s congregation—in the Presbyterian Church. However, the Presbyterian Church General Assembly in the United States states that an “avowed practicing homosexual” cannot be ordained into the professional ministry.“The denomination is still inimical...