Wednesday, March 8, 2006

Scrushy Drops in on Enron Conspiracy Trial

Maybe it would be like the Beatles attending a Rolling Stones concert when former HealthSouth CEO Richard Scrushy attended part of the Enron conspiracy trial of former CEOs Ken Lay and Jeffrey Skilling.  A post on the trial blog of the Houston Chronicle (here) quotes Scrushy as stating about former Enron CFO Andrew Fastow, "I see this guy as a very dishonest man . . . I wouldn't trust him if he said the building were on fire."  Concerning the defendants, Scrushy said, "I don't think the CEO had any idea any of that was going on."  That is certainly consistent with the "honest-but-ignorant CEO" defense offered at his trial in Alabama, and whether the jury in Houston will have the same reaction waits to be seen.  No word yet whether there have been any Elvis sightings, but then the trial still has a ways to go. (ph)

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Tracked on Mar 10, 2006 1:51:21 PM


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