Word: trialing
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JEFFREY SKILLING, former Enron CEO on trial for conspiring to defraud shareholders, responding to charges that he lied to investors...
...thing is for sure: For the business trial of the century, the Enron trial thus far has been something of a letdown - especially its peek into the Enron executive suite. Lay and Skilling may have transformed a stodgy natural-gas carrier into a global trader in everything from energy to weather futures and broadband, but the two men remained surprisingly old-school when it came to technology. Take Skilling, a Harvard School of Business grad and master of this brave new digital world. When the Federal Energy Regulatory Commission went after Enron for the California energy crisis, it built...
...that businesses don't tell all. But he hemmed and hawed for 10 minutes over a simple prosecution question about his responsibility to shareholders - refusing to admit he had done anything wrong. "We see the real Skilling here," said Michael Wynne, a former federal prosecutor who is attending the trial to prepare for case against banks that raised funds for Enron...
...company's fortunes, testimony that his ex-wife confirmed, somewhat unconvincingly, in court. (The jury tittered when she said she "didn't pay much attention" to her ex.) "They directly impeached him on insider trading. His story's just not credible," says Houston attorney David Berg, author of The Trial Lawyer: What It Takes to Win. "The fact that he's been impeached on something so essential to the case tells the jury that he's not to be trusted on other testimony...
...persecution may have actually helped Khodorkovsky's image in the eyes of ordinary Russians. Unlike other oligarchs who went abroad with the billions they'd amassed during the Yeltsin years, the Yukos tycoon returned to face a trial widely viewed as crooked, and ultimately prison. In many an eye, that may have transformed him from yet another sleazy oligarch into the latter-day equivalent of that Soviet-era icon of dissent: a prisoner of conscience. "The Kremlin has done free campaigning for him," quips legislator Alexei Mitrophanov...