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...jury found that Lay criminally touted the stock even after whistle-blower Sherron Watkins gave him her famous memo in August 2001 warning that Enron's accounting was deeply flawed; Skilling had quit only days before. Both men were found guilty on every charge of fraud and conspiracy in the indictment--six against Lay, 13 against Skilling. While Skilling was acquitted on nine charges of insider trading, he and Lay were also convicted on various other charges involving stock sales and audits. The 64-year-old founder faces up to 165 years of hard time; Skilling, 52, is up against...

Author: /time Magazine | Title: The Enron Effect | 5/28/2006 | See Source »

...worked closely in the Ford White House, and Cheney thought he was bringing the band back together. But reunion tours don't work much better in government than they do in rock 'n' roll, and O'Neill, who had a flair for candor that matched Cheney's for secrecy, quit - or was fired, depending on whose account you believe - after two shaky years...

Author: /time Magazine | Title: The Toughest Cabinet Job in Town | 5/25/2006 | See Source »

...year display of what can only be called tenacity, Gray continued to work on the 500-page novel until its publication in 1981. Perhaps Gray had an unusually strong sense of faith in his project, one that allowed him to push on where many writers would have quit...

Author: By Catherine L. Tung, CRIMSON STAFF WRITER | Title: Vintage Bookends: Duncan Thaw’s Excellent Adventure | 5/23/2006 | See Source »

...deflated Enron stock. No one she asked could?or cared to?explain what was really going on. Knowing that others had got into trouble after challenging Skilling, who by then was CEO of the entire company, Watkins began scouting for a new job ... But on Aug. 14, Skilling abruptly quit, and Lay invited employees to put any concerns in a comment box. The next morning Watkins sat at her computer and tapped out her first anonymous one-page memo in a single two-hour flourish. 'I am incredibly nervous that we will implode in a wave of accounting scandals...

Author: /time Magazine | Title: Letters | 5/22/2006 | See Source »

...asking Edmund Brown Jr. to give up politics is a little like asking the Rolling Stones to quit rock 'n' roll. It's just what they do. Brown is a rock star himself. The son of a storied California Governor and a veteran of nearly four years in a Jesuit seminary, he ran for California secretary of state at 32, was on the cover of TIME by 36, served two terms as California Governor, ran unsuccessfully for the Senate once and for President three times, moved to Japan, studied Buddhism, worked with Mother Teresa and was a radio talk-show...

Author: /time Magazine | Title: Jerry Brown Still Wants Your Vote | 5/21/2006 | See Source »

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