24 Years for Enron's Jeff Skilling
Bump and Update: It's 24 years for Skilling who went down fighting, proclaiming his innocence to the court. His guidelines were 24 to 30 years.
In a Houston courtroom today, former Enron CEO Jeffrey Skilling will learn his fate.
With the untimely death of his co-defendant, former Enron CEO Ken Lay, Skilling now stands alone atop the smoldering ruins of a company that once claimed revenues of $111 billion and was named "America's Most Innovative Company" for six consecutive years.
I expect Skilling will get a hefty sentence, but I don't buy the theory that it will be heavier because Lay's death leaves him the only one to be held accountable. I think the Judge will give Skilling the same number of years in prison he would have imposed if he were sentencing both Skilling and Lay today.
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