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<blockquote data-quote="Rmsanger" data-source="post: 2285487" data-attributes="member: 544424">Skilling made a good attempt to defend himself but ultimately Kenneth Lay and Andrew Fastow sunk his ship and the jury didn&#039;t buy it.&nbsp; Fastow turned states evidence and Lay mysteriously died... Now Skilling is the one holding the bag for what happend.&nbsp; All in all he got what is coming to him..&nbsp; You have to feel bad for the pension holders as they had no choice at that time to diversify.&nbsp; The pension system was a defined benefit plan, which primarily invested in Enron stock (sort of a cheap stock-bye back plan).&nbsp; When the fraud charges came out and charges that they innaccurately reported their financial statements there was a big sell off in the market.&nbsp; They claimed that the &quot;bears&quot; or people taking a short position eventually caused the company to collapse.The company that I work for bought their Wind Power generation business line... Now we are the World Leaders in that industry //content.invisioncic.com/y282845/emoticons/tongue.gif.6130eb82179565f6db8d26d6001dcd24.gif</blockquote>

[QUOTE="Rmsanger, post: 2285487, member: 544424"] Skilling made a good attempt to defend himself but ultimately Kenneth Lay and Andrew Fastow sunk his ship and the jury didn't buy it. Fastow turned states evidence and Lay mysteriously died... Now Skilling is the one holding the bag for what happend. All in all he got what is coming to him.. You have to feel bad for the pension holders as they had no choice at that time to diversify. The pension system was a defined benefit plan, which primarily invested in Enron stock (sort of a cheap stock-bye back plan). When the fraud charges came out and charges that they innaccurately reported their financial statements there was a big sell off in the market. They claimed that the "bears" or people taking a short position eventually caused the company to collapse. The company that I work for bought their Wind Power generation business line... Now we are the World Leaders in that industry [IMG]//content.invisioncic.com/y282845/emoticons/tongue.gif.6130eb82179565f6db8d26d6001dcd24.gif[/IMG] [/QUOTE]

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