THE FALL OF ENRON:Former executive alters plea on false comment

[Judi Lynn]

Jan. 10, 2006, 12:37AM
THE FALL OF ENRON
Former executive alters plea on false comment

He now says Skilling made untrue statement


By MARY FLOOD
Copyright 2006 Houston Chronicle

The former head of Enron's investor relations section changed his plea agreement slightly, now saying a false statement he confessed to making was really spoken by ex-CEO Jeff Skilling.

In an unusual move, Mark Koenig, who is expected to testify against Skilling and ex-Enron chairman Ken Lay when they go to trial Jan. 30, changed a piece of his confession to an allegation last week.

Koenig pleaded guilty in August 2004 to a charge of aiding and abetting securities fraud and agreed to cooperate with the government. In both his original and corrected plea papers, Koenig says he and Skilling repeatedly misrepresented several facts about Enron's finances to analysts.

But in his 2004 papers Koenig said it was he who, in a July 12, 2001, analyst conference call, specifically lied by saying Enron Energy Services was reorganized "to get some more efficiency" when it was really reorganized largely to conceal losses.
(snip/...)

http://www.chron.com/disp/story.mpl/business/3576419.html
(Free registration required)

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Enron executives who dumped stock were heavy donors to Bush


Breakdown of hard and soft money contributions made by 24 Enron executives to federal candidates, committees or the Enron PAC
http://www.publicintegrity.org/report.aspx?aid=222&sid=200

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Personel & Board of Directors
http://www.badcorp.org/company.cfm?caid=7888000&action=Board

[MADem]

1. Why has it taken so long to get this damn show on the road?

Hell, old Martha was signed, sealed, delivered, in and out, but Kenny Boy still walks free...

Helps to have pals in the White House, ah reckon....

[tenshi816]

2. But, but, but,

I thought the President didn't really know Ken Lay. <gasp> You're not telling me we've been lied to, are you? Pass the smelling salts, I think I'm going to faint...

[LostinVA]

3. That's 'cause Martha gives money to Dems and is female

And is NOT a friend of the Bushies... and that is the reason why.

[wordpix]

8. Could it be b/c Kenny Boy is *'s good friend from TX? I wonder how much $

Kenny Boy gave to * for campaign contributions, in return for what favors?

[bobthedrummer]

4. The "perception management" team used by Enron failed.

Yet they seem to have profited.
Many folks may have overlooked this July 2002 article by Malcom Gladwell that The New Yorker published. It gives background on Enron's collapse despite (or because) the efforts of it's perception management consultants were ineffective.

"The Talent Myth: Are smart people overrated?"
http://www.newyorker.com/fact/content?020722fa_fact

I wonder why the concept that is held so dear to the world about "the best and the brightest" continues it's popularity in the public and private sector's elites.

[underpants]

5. Anyone who has ever met the "best and brightest"

Knows that there is rarely anything special about them. The hard nosed street scrappers (I am not in anyway trying to lump myself in here) would eat them for lunch.

Old boy network. Networking from their first private school. Have to be execs and paid well look at where they went to school. All of that kind of thinking and more.

Talking to a friend recently "Look they go to the private schools, they are EXPECTED to go to UVa, they go and then they get fat jobs. That is simply how it is and everyone else has to fight for the spots that are left at UVa."

[bobthedrummer]

7. Their priorities are self-maintenance and very cultish imo.

[MetaTrope]

6. Did Kenny Boy ever get that pension he sued for?

[cliss]

10. I don't know about the pension....

but Kenny Boy had an insurance policy worth $466 million dollars. It was a director's and officers policy which would pay if anything happened to his job.

He collected.

[zann725]

9. "Alters" comment? Would that be one of those-there flip-flops?

Since Repugs never do...