Archive: Sidebars

Multimedia: Mine and Others

I wanted to onpass (that's foreign correspondent-speak; pretty glamorous, eh?) a link to business columnist Loren Steffy's blog in the hometown Houston Chronicle discussing Kenneth L. Lay's remaining personal wealth. His posting kicks you to a couple of other stories as well. In testimony, Lay pegged his current net worth...

By Frank Ahrens | April 30, 2006; 02:14 AM ET | Comments (0) | TrackBack (1)

Say It Ain't So, Sim

After urging defense lawyer George "Mac" Secrest to pick up the pace at least three times on Tuesday, Judge Simeon T. Lake III suggested the courthouse equivalent of the nuclear option after the court session ended, my colleague Carrie Johnson reports. Learning that the defense expected to take two more...

By Frank Ahrens | April 25, 2006; 09:33 PM ET | Comments (0) | TrackBack (0)

An Eyewitness Weighs In ... Via Cyberspace

I just got a fascinating e-mail from a former executive at an energy company that did business with Enron in 2001 (in the months leading up to Enron's collapse). The source did not want to be identified, but I verified the source's name and former employer in an e-mail exchange...

By Frank Ahrens | April 25, 2006; 04:47 PM ET | Comments (7) | TrackBack (0)

By Any Other Name ...

Defense lawyer George "Mac" Secrest was just questioning Kenneth L. Lay about the company's off-balance-sheet partnerships that have drawn so much attention and contributed to the company's downfall, such as the Raptors. Other partnerships were also given tough-sounding monikers, like Osprey and Condor. "So you remember Talon, Porcupine?" Secrest asked....

By Frank Ahrens | April 25, 2006; 10:43 AM ET | Comments (0) | TrackBack (0)

E-literate Enron Executives

It has occurred to me that for two guys who spent a lot of money and time on trying to trade broadband capacity, and speaking to investors about the business in soaring, technical terms, both Jeffrey K. Skilling and Kenneth L. Lay were Luddites when it came to the Internet....

By Frank Ahrens | April 24, 2006; 12:47 PM ET | Comments (1) | TrackBack (0)

Judge Sim Keeps 'Em Comin'

It seems that prosecutor Sean Berkowitz made a mistaken assumption about his rival, defense lawyer Daniel M. Petrocelli, representing former Enron chief executive Jeffrey K. Skilling. Addressing the jury, Berkowitz said he would avoid a lengthy discourse on a particular topic, saying that "Mr. Petrocelli's going to have an awful...

By Frank Ahrens | April 18, 2006; 04:02 PM ET | Comments (0) | TrackBack (0)

Talking to Chuck

Newcomers to this trial, such as me, were surprised that a taped telephone conversation between former Enron chief executive Jeffrey Skilling and his stockbroker was presented by Skilling's defense during Thursday's testimony. It was no surprise that Skilling would be talking to his broker -- he held a lot of...

By Frank Ahrens | April 16, 2006; 04:03 PM ET | Comments (1) | TrackBack (0)

Sorry, I Wasn't Around

Former Enron chief executive Jeffrey Skilling took a trip to Tanzania for three weeks with his son and brother in the summer of 2000 and embarked on a rafting trip in August 2001, just after he resigned from the company. Both trips have turned out to have been propitiously timed...

By Frank Ahrens | April 16, 2006; 12:15 PM ET | Comments (0) | TrackBack (0)

Don't Mess with Britain

Defense lawyer Dan Petrocelli is making former Enron chief executive Jeffrey Skilling tick off his income, his assets, everything he has that's worth money, as a way of showing that he was, at one point, a wealthy man who did not need to pump up the Enron stock to make...

By Frank Ahrens | April 13, 2006; 04:00 PM ET | Comments (2) | TrackBack (0)

More Mainstream-Media Bashing

So, heading back into the courthouse today after the lunch break, I stepped into the elevator and held it open for two ladies walking in behind me. They thanked me in a nice Texas twang. They eyed the courtroom badge I have to wear and mistook me for a potential...

By Frank Ahrens | April 13, 2006; 02:08 PM ET | Comments (2) | TrackBack (0)

More Hugging at Enron, Plus Some Kissing

On Tuesday, defense lawyer Dan Petrocelli asked former Enron chief executive Jeffrey Skilling about "bear hugs." Today things got even more intimate. Petrocelli was questioning Skilling about Enron's reserves -- set-asides that would kick in if the company experienced certain losses. Skilling was describing the initial reserve he set up...

By Frank Ahrens | April 12, 2006; 03:08 PM ET | Comments (2) | TrackBack (0)

The First Thing We Do, Let's Hire All the Lawyers

The ongoing testimony of James Derrick, Enron's former general counsel, has shed some light on Enron's remarkable affinity for lawyers. To wit: -- Enron had 200 in-house lawyers. -- In addition, the company employed more than 100 outside law firms from around the world. -- Among the Houston outside firms...

By Frank Ahrens | April 6, 2006; 12:35 PM ET | Comments (0) | TrackBack (0)

A Trip Down a Painful River

A morning of fairly dry testimony just took an unexpectedly emotional turn as former Enron general counsel James Derrick reamins on the stand. Defense lawyer Mark Holscher was using Derrick to paint a different picture of Jeffrey K. Skilling in the summer of 2001 than is widely accepted. That was...

By Frank Ahrens | April 6, 2006; 11:51 AM ET | Comments (0) | TrackBack (0)

Judge Lake Cracks 'Em Up

Presiding Judge Simeon "Sim" Lake III kept a light hand as the testimony dragged on today and got increasingly complicated. But he wasn't about to let the lawyers slip. At one point, defense lawyer Mark Holscher, thwarted in an attempt to try one tack, asked Lake: "Can I try ..."...

By Frank Ahrens | April 5, 2006; 06:53 PM ET | Comments (0) | TrackBack (0)

 

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