Enron execs get off easy!! BS??

[ctcsoft]

link

what do you all think?

 

[Anubis]

why did you post this 3 times

 

[dartworth]

 

[ctcsoft]

Originally posted by: Anubis
why did you post this 3 times

accident man! think i did it on purpose?

I got some kind of mad carpel tunnel crap going on in my wrists and it
makes my fingers go haywire sometimes breifly. mainly when they
get sore from typing. and thats precisely what happened.

/end

 

[mugs]

10 years is getting off easy? Regardless of prison terms, both of their careers are over. That's a substantial (and warranted) punishment in and of itself.

 

[halik]

10 yeas is decent enough,
i mean after all it just about money.

 

[mjquilly]

Originally posted by: halik
10 yeas is decent enough,
i mean after all it just about money.

LOTS of money from LOTS of people who's retirements depended on it so that they could afford another yaht

 

[ctcsoft]

10 year for the husband, and wife will get significantly less term. life 1yr or less and
she will be FREE. Also the husband will only have to do 60%-80% of his term. So 6-8
yrs he is FREE.

Do you realize how much chaos this has caused? I personally know people whose
retirements are screwed because of this. So Yes it is getting off easy and their carrers deserve to be OVER but their really not. Is Kevin Mitcnicks carrer over? Maybe
its SEVERELY Tarnished but NOT over.

Originally posted by: mugsywwiii
10 years is getting off easy? Regardless of prison terms, both of their careers are over. That's a substantial (and warranted) punishment in and of itself.

 

[SweetSweetLeroyBrown]

I think 10 years is adequate...but too bad it's prolly gonna be at a minimum security "Club Fed" prison...the ones with tennis courts.

 

[ctcsoft]

Originally posted by: mjquilly

Originally posted by: halik
10 yeas is decent enough,
i mean after all it just about money.

LOTS of money from LOTS of people who's retirements depended on it so that they could afford another yaht

The people I know were planning to live off their retirements. Now
they won't get to enjoy their last years as planned..

 

[ctcsoft]

Originally posted by: SweetSweetLeroyBrown
I think 10 years is adequate...but too bad it's prolly gonna be at a minimum security "Club Fed" prison...the ones with tennis courts.

Yea. 10years would be adequate if it was REALLY 10 yrs. But he will
only have to serve 6-8 of it. And his wife basically gets off scott free.

 

[mjquilly]

i say take away all of their assets and drop them off in the sahara

 

[Dacalo]

10 years is a long time.

Regardless, I think they got what they deserved.

 

[digitalsm]

Because the government thinks that giving a plea to Fastow for information, they can put Kenneth Lay in jail for the rest of his life.

 

[digitalsm]

Originally posted by: jmoe782

Originally posted by: SweetSweetLeroyBrown
I think 10 years is adequate...but too bad it's prolly gonna be at a minimum security "Club Fed" prison...the ones with tennis courts.

Yea. 10years would be adequate if it was REALLY 10 yrs. But he will
only have to serve 6-8 of it. And his wife basically gets off scott free.

They want Skilling and Lay in jail for the rest of their natural lives, even though Fastow was the guy that did most of the stuff. They think information provided by Fastow can get them that. I think its doubtful, as Fastow is responsible for just about everything in the Enron case. Its just did the others know what he was doing, and went along with it.

 

[mugs]

Originally posted by: jmoe782
10 year for the husband, and wife will get significantly less term. life 1yr or less and
she will be FREE. Also the husband will only have to do 60%-80% of his term. So 6-8
yrs he is FREE.

Do you realize how much chaos this has caused? I personally know people whose
retirements are screwed because of this. So Yes it is getting off easy and their carrers deserve to be OVER but their really not. Is Kevin Mitcnicks carrer over? Maybe
its SEVERELY Tarnished but NOT over.

a. People who lost their entire retirement savings were idiots for investing so much in one company. A lot of people have lost a lot of money in the stock market in the last few years, there's always some degree of risk.
b. Kevin Mitnick is an extremely talented individual. His situation is not similar to this situation. Who is going to hire two executives with criminal records when they can easily hire someone with no record and the same abilities. Kevin on the other hand possesses skills and knowledge that very few people possess.
Edit: c. All Enron did was hide the piss-poor financial state of the company. If they had not done that, their stock would have sucked anyway and they would have gone bankrupt anyway. People would have still lost money, but the amount they lost wouldn't have been artificially inflated like it was.

 

[SweetSweetLeroyBrown]

Originally posted by: mugsywwiii

Originally posted by: jmoe782
10 year for the husband, and wife will get significantly less term. life 1yr or less and
she will be FREE. Also the husband will only have to do 60%-80% of his term. So 6-8
yrs he is FREE.

Do you realize how much chaos this has caused? I personally know people whose
retirements are screwed because of this. So Yes it is getting off easy and their carrers deserve to be OVER but their really not. Is Kevin Mitcnicks carrer over? Maybe
its SEVERELY Tarnished but NOT over.

a. People who lost their entire retirement savings were idiots for investing so much in one company. A lot of people have lost a lot of money in the stock market in the last few years, there's always some degree of risk.
b. Kevin Mitnick is an extremely talented individual. His situation is not similar to this situation. Who is going to hire two executives with criminal records when they can easily hire someone with no record and the same abilities. Kevin on the other hand possesses skills and knowledge that very few people possess.
Edit: c. All Enron did was hide the piss-poor financial state of the company. If they had not done that, their stock would have sucked anyway and they would have gone bankrupt anyway. People would have still lost money, but the amount they lost wouldn't have been artificially inflated like it was.

Wrong. If Enron had been honest about their financial situation, investors would have:

a. pulled out of the company before the company went bankrupt, or
b. not invested in teh company in the first place seeing that the company was headed into bankruptcy

 

[Aceshigh]

10 years is a helluva long time. I think it is far too long a sentence.

People that have shot and raped others often get shorter sentences than this. Are you telling me that what Andrew Fastow did was worse than shooting or raping someone? Surely it isn't even close.

I think it's very sad what happened to Enron, it was an exciting company and a real boon to Houston during the late 90's. The Enron execs I've met have been good people, intelligent people.

 

[Xionide]

Hey I never really undetstood the whole scandal nor did I pay attention to it. What did they do? cliff notes please!

 

[mugs]

Originally posted by: SweetSweetLeroyBrown

Originally posted by: mugsywwiii

Originally posted by: jmoe782
10 year for the husband, and wife will get significantly less term. life 1yr or less and
she will be FREE. Also the husband will only have to do 60%-80% of his term. So 6-8
yrs he is FREE.

Do you realize how much chaos this has caused? I personally know people whose
retirements are screwed because of this. So Yes it is getting off easy and their carrers deserve to be OVER but their really not. Is Kevin Mitcnicks carrer over? Maybe
its SEVERELY Tarnished but NOT over.

a. People who lost their entire retirement savings were idiots for investing so much in one company. A lot of people have lost a lot of money in the stock market in the last few years, there's always some degree of risk.
b. Kevin Mitnick is an extremely talented individual. His situation is not similar to this situation. Who is going to hire two executives with criminal records when they can easily hire someone with no record and the same abilities. Kevin on the other hand possesses skills and knowledge that very few people possess.
Edit: c. All Enron did was hide the piss-poor financial state of the company. If they had not done that, their stock would have sucked anyway and they would have gone bankrupt anyway. People would have still lost money, but the amount they lost wouldn't have been artificially inflated like it was.

Wrong. If Enron had been honest about their financial situation, investors would have:

a. pulled out of the company before the company went bankrupt, or
b. not invested in teh company in the first place seeing that the company was headed into bankruptcy

Wrong. The people who lost the most money were their employees. If they made sound financial decisions, they would have never invested so much money in ANY one company in the first place.

 

[mugs]

Originally posted by: Xionide
Hey I never really undetstood the whole scandal nor did I pay attention to it. What did they do? cliff notes please!

They set up fake companies and wrote off expenses through those companies to make it look like they were making more profit than they actually were.

 

[ctcsoft]

Originally posted by: Aceshigh
10 years is a helluva long time. I think it is far too long a sentence.

People that have shot and raped others often get shorter sentences than this. Are you telling me that what Andrew Fastow did was worse than shooting or raping someone? Surely it isn't even close.

I think it's very sad what happened to Enron, it was an exciting company and a real boon to Houston during the late 90's. The Enron execs I've met have been good people, intelligent people.

You got a point here. I didn't say there wasn't other flaws in our POS system we
got. Of course gang bangers and rapists should get more time. Why don't they??
Cuz our system is fvck'd up.

Either way. Fastows will get to watch their children grow up and their lifes won't be too bad. I'm sure them top dog executives got sh!t loads of cash still.

Last time I heard. Fastows still had their mansion.

 

[Babbles]

Guess those people shouldn't of put all their eggs in one basket. It does suck to hear about the mis-management of Enron, but the investors are 100% to blame for putting all of their retirement assets in one company.

 

[Amused]

Originally posted by: jmoe782
10 year for the husband, and wife will get significantly less term. life 1yr or less and
she will be FREE. Also the husband will only have to do 60%-80% of his term. So 6-8
yrs he is FREE.

Do you realize how much chaos this has caused? I personally know people whose
retirements are screwed because of this. So Yes it is getting off easy and their carrers deserve to be OVER but their really not. Is Kevin Mitcnicks carrer over? Maybe
its SEVERELY Tarnished but NOT over.

Do you realize that the wife stopped working at Enron to be a stay at home mom BEFORE the fraud took place???

The ONLY reason she was prosecuted was so they could get past the law that says your spouse cannot be made to testify against you. It was a ploy to get a guilty plee out of him, and force him to testify against other defendants.

 

[gistech1978]

Originally posted by: Babbles
Guess those people shouldn't of put all their eggs in one basket. It does suck to hear about the mis-management of Enron, but the investors are 100% to blame for putting all of their retirement assets in one company.

now thats BS & you know it.
the investors are 100% to blame for this?
right buddy.

you can say how they shouldve done this or done that.
hindsight is 20/20.
so mr oracle of investing. what should i put my money into?