Feeds

Ex-Enron CEO gets 24 years in hi-tech prison

Skilling to make new markets and friends

Boost IT visibility and business value

Former Enron CEO Jeff Skilling can look forward to making markets around dynamic cigarette allocation and tender love auctions now that he's been sentenced to 24 years in prison.

US District Judge Sim Lake hit Skilling with his punishment today, saying the executive's "crimes have imposed on hundreds if not thousands, a life sentence of poverty." Lake recommended that Skilling do his time in a Butner, North Carolina federal prison. All three members of the Butner prison line are conveniently located near the hi-tech Research Triangle area, should Skilling want to fire up a new venture once his stretch in the pen ends.

Along with the prison sentence, Lake asked that Skilling go to mental health and alcohol programs and fork over $45m, which will go to Enron workers.

Skilling's partner in slime Ken Lay avoided the joys of lockdown when he suffered a heart attack in July and died.

During today's two-hour hearing, Skilling almost showed real signs of being sorry for his actions.

"In terms of remorse, I can't imagine more remorse," Skilling said. "I have good friends who have died."

Stop there, Jeff!

"All of that being said, your honor," Skilling continued. "I am innocent of these charges. I am innocent of every one of these charges."

Oh well.

He, of course, plans to appeal. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.