Word: sherron
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...Coming The question at the heart of the fraud trial of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling involves the men's awareness of Enron's accounting and financial manipulations?a minefield that Sherron Watkins, one of TIME's 2003 Persons of the Year, recognized long before the company collapsed...
...Vittor, have been in charge since, Lay appears to be taking control of his defense himself. "He's thinking that he knows how to handle this," says Androphy. "You say to yourself, Is that the way he was at Enron? He disregarded the lawyers? Maybe he disregarded whistle-blower Sherron Watkins...
...brutal as Skilling's questioning got at times, Lay could be in for a harder time on the stand. Whistleblower Sherron Watkins has testified that Lay continued to tout the company to investors and employees even after she gave him dire warnings about the Enron's finances. Skilling met with Lay the same day as Watkins, but he swears the two never discussed her allegations. If Lay doesn't contradict his co-defendant, it raises the question of why he didn't bring up the issue himself with Skilling. Did he not believe Watkins? Or not trust Skilling...
...former Chairman Ken Lay and ex-CEO Jeff Skilling. Although the defense plans to call as many as 113 witnesses over the next four to six weeks, both men must now take the stand to clear themselves after weeks of damaging testimony by ex-employees like whistleblower Sherron Watkins. In fact, several of the government's 22 witnesses testified under oath in U.S. District Court that the two men lied to investors, employees and analysts. Only they can persuasively refute those allegations, saying what they knew, when they knew it, and why they acted as they did. "They're going...
Jurors literally leaned forward in their seats scribbling notes as whistleblower Sherron Watkins described the last critical weeks in the fall of Enron, as she testified during week seven of the fraud and conspiracy trial of former top executives Ken Lay and Jeffrey Skilling...