Thursday, May 25, 2006

The Enron Trial from the Jury's Perspective

The Houston Chronicle has published some interesting comments from members of the Enron jury:
Freddy Delgado, an elementary school principal, said some testimony was especially strong, including that by Enron's ex-treasurer.
"I would say Ben Glisan's testimony (was among the most compelling). We kept going back to that testimony to corroborate things. I believe he was one of the best witnesses brought forward.''
Glisan told the jury that by the summer of 2001, the company had balance-sheet trouble, excessive debt, wildly overvalued international assets and was manufacturing "both cash flow and earnings."
"Were those issues known by Mr. Lay and Mr. Skilling on that day?" asked prosecutor Kathryn Ruemmler. "Yes they were," he replied, saying the myriad financial problems were discussed in meetings with Lay and Skilling present.
Unlike other witnesses who pleaded guilty to crimes at Enron and agreed to cooperate with the prosecution, Glisan had no cooperating agreement with the government.
Houston Chronicle business columnist Loren Steffy has more:
As for the defendants themselves, Wendy Vaughn, a roofing contractor, said that Lay's combative demeanor was telling.
"He seemed very much wanting to be in control," she said. "He seemed very much to have a chip on his shoulder. It made me question his character."
Ken Lay surrendered his passport and posted a $5 million bond after the verdict was announced. Between now and his sentencing on September 11, Lay is prohibited from drinking excessively, owning a gun or contacting witnesses or jurors.


Blogger jason said...

owning a gun...

Stupid liberal texans and their laws.

9:32 AM, May 26, 2006  

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