Saturday, February 9, 2002

categories: Biz Making a Skilling. Anyone who thinks Enron executives can't be all bad didn't see them before Congress Thursday. Say what you will about Skilling, he doesn't want for self-confidence. With an aggressive swagger, looking like the homelier brother of Peter Jennings, Skilling stepped right up to the microphone -- you could almost hear him thinking, "the Fifth Amendment is for pussies" -- and acted as if everyone in the world who thought there was something wrong with Enron was nuts. Enron's bonus list. The "retention bonuses" totaled more than $55 million. [Salon.com] Former Enron CEO will show up for hearings, but there is no guarantee he'll talk. "I don't know whether Ken Lay is going to testify. What I do know is that his attorneys have told us that we should prepare for a hearing in which he will testify," said Senator Byron Dorgan, D-N.D. After Enron, Tech Sector Accounting Under Scrutiny "I don't think there is an Enron type of story, but there are certainly a variety of very commonly used techniques in technology companies that exaggerate a company's profits," said Howard Schilit, director of a Maryland-based accounting watchdog, the Center for Financial Research & Analysis. In some cases, investigations have already begun. On Friday, telecommunications company Global Crossing Ltd. GBLXQ.PK found itself the focus of two separate federal investigations after allegations of improper accounting. The company has denied improper accounting. iSay - We all know there are many ways to bend the numbers with creative accounting. Euphemism's for LYING, CHEATING, AND STEALING.   9:35:08 AM    comment

categories: Legal Microsoft and 9 States Spar in Filings. The states opposing the government's proposed antitrust settlement with Microsoft said the pact was riddled with flaws would extinguish competition. [The New York Times]   9:26:01 AM    comment