Monday, April 10, 2006
The white collar crime entries across blogsphere and the press have one thing in common - they are all about Skilling. (See Wall Street Journal here; Houston Chronicle here; New York Times here; Washington Post here; Atlanta Jrl Constitution here) Everyone is describing the testimony, offering commentary and analyzing whether this learned and skillful description of the workings of the company will in the long-run backfire. Cases often turn on how well a person holds up on cross-examination, so much is yet to come. A key factor may rest on whether Skilling will be able to explain why he sold stock when he did?