Supreme Court to Hear Appeal of Enron’s Skilling Supreme
OPS_admin | Oct 13, 2009 | Comments 0
Court To Consider Throwing Out Convictions Of Former Enron CEO
The U.S. Supreme Court agreed Tuesday to consider former Enron Corp. Chief Executive Jeffrey Skilling’s challenge to his 2006 fraud conviction stemming from the spectacular collapse of the Houston-based energy company.
Mr. Skilling was convicted on charges of conspiracy, securities fraud, insider trading and lying to auditors. He was sentenced to 24 years in prison and ordered to forfeit $45 million.
A New Orleans-based federal appeals court affirmed Mr. Skilling’s conviction in January, though the court did rule that his prison sentence was incorrect and needed to be recalculated.
In his petition to the Supreme Court, Mr. Skilling argued the government prosecuted him under an invalid legal theory that he committed fraud by depriving the company of his “honest services.” Mr. Skilling said the government never made any allegations that his actions were motivated by personal gain.
Full Story: Supreme Court to Hear Appeal of Enron’s Skilling – WSJ.com.
Filed Under: Crime, Legal Issues
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
LEGALIZE Democracy
" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
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