i have no lid upon my head...

Sunday, November 05, 2006

everything enron, but mostly moronic.

Enron's Skilling was finally convicted last week, and any decent human being is relieved that he finally got what was coming to him....24 years in prison! Holy Cow! He was convicted on 19 accounts of fraud, conspiracy and insider trading.
Since having watched the video in class about what all went on during the scandals and reading BBC news report that Skilling plans to appeal the convictions, I have realized that this is not just a case where a good person makes a bad call, but that he is genuinely an unethical person.
According to BBC news, Skilling made this comment:
"In terms of remorse your honour, I can't imagine more remorse," Skilling told the court before he was sentenced. "That being said your honour, I am innocent of these charges."
What in the world is he saying? Unlike the Martha Stewart case, he still believes he is innocent. At least Martha Stewart had the decency to accept her errors, fulfill her punishment and regain socital standing. Her humility made her tangible, and she is now viewed as a good person who made a few mistakes. This cannot be said for Skilling who continually proves himself to be a rat.
Although the sentencing doesn't pay back the millions of dollars lost in California due to the rolling blackouts and in Texas due to the company's closure, justice is being served to those who were in charge. What a relief that an unethical person is being removed from business. Hopefully, others will learn from this case for the future.

Makes me hope my peers nor myself ever have to work for a person like him.