Another CEO sentenced to prison, yet staying at home

[judasmachine]

yeah he's going down, although i doubt seriously where he's going in federal PMITA prison like he deserves. you kill one man, you ruined the life of his family, you steal billions, you rob tons of families of their livelihoods.

 

[fitzov]

Overall there are more than 20 CEOs or high ranking corporate officers in prison.

Two words: country club

 

[BoberFett]

Diversification, while good advice, is hardly justification for fraud on the scale of Enron and really not even relevant to this thread.

 

[Zebo]

This guy is the fall guy had a snooty demeanor and swarly look, easy to convict. The much more culpable CFO walked with two years in a rehab center - there are at least 10 Anderson partners who should have done more time and wer'nt even indited, they audit the govt book too after all. In sum Yes white collar crime is in general overlooked but when they get one guy like a Skilling they rake him over the coals worse than a murderer as "an example"

 

[BoberFett]

Originally posted by: Zebo
This guy is the fall guy had a snooty demeanor and swarly look, easy to convict. The much more culpable CFO walked with two years in a rehab center - there are at least 10 Anderson partners who should have done more time and wer'nt even indited, they audit the govt book too after all. In sum Yes white collar crime is in general overlooked but when they get one guy like a Skilling they rake him over the coals worse than a murderer as "an example"

Worse than a murderer? Hardly. I was on a jury who sent a 20 year old kid to prison for life for being part of a plan to rob a convenience store that ended up with the clerk getting shot. He didn't even pull the trigger, and he'll do more time than the Enron execs combined. White collar criminals are not treated harshly enough in this country.

 

[ayabe]

Originally posted by: spidey07

Originally posted by: 1EZduzit
If only everybody had the kind of discretionary income to do that. Hell, if only everybody even had a pension plan.

hey, I'm the poster child of a guy out of college to take over the world, partied my arse off....millionaire by 30 was my goal and I was sure it would happen. if I just kept driving and spending. NOT saving.

If I knew now at age 22 I would have listened to all those "smart, successful guys" and been much better off. 100 bucks a month, each month goes a LONG way.

I don't want to get into the social factors involved but dagnabbit I really wish I would have listed to my elders and parents because now at age 35 I finally realize what they were talking about and how right they were.

1EZduzit
If you are young, invest NOW
I didn't think I had the discrectionary income back then, but I did. Just spent it on stupid crap.

Hey finally something we can agree on, save whatever you can, no matter how small.

The problem especially now in our society is the out of control consumerism and the need to measure ones personal worth based on material items. Well my friend has a BMW so I need one too to keep up, etc etc. This is why people are running up $70k in credit card debt and having to liquidate their equity from housing. I can't imagine being in that much debt to a credit card company.

I learned me lesson about credit cards when I was in college, so now I have one and one only. If I want to buy something, I save up cash until I can afford it.

 

[Zebo]

Originally posted by: BoberFett

Originally posted by: Zebo
This guy is the fall guy had a snooty demeanor and swarly look, easy to convict. The much more culpable CFO walked with two years in a rehab center - there are at least 10 Anderson partners who should have done more time and wer'nt even indited, they audit the govt book too after all. In sum Yes white collar crime is in general overlooked but when they get one guy like a Skilling they rake him over the coals worse than a murderer as "an example"

Worse than a murderer? Hardly. I was on a jury who sent a 20 year old kid to prison for life for being part of a plan to rob a convenience store that ended up with the clerk getting shot. He didn't even pull the trigger, and he'll do more time than the Enron execs combined. White collar criminals are not treated harshly enough in this country.

That premeditated.. 2nd degree murder like bar fight gone bad is like 5 years average in CA. Manslaughter even less if any jail time.

 

[Rainsford]

Originally posted by: spidey07

Originally posted by: tweaker2
what frightens and sickens me the most about this whole affair is that people with the same kind of principles, morals and career backgrounds are running the white house at this very moment, robbing and stealing from john q. public with the same zeal and arrogance but with one small difference: they're doing it legally.

oh c'mon now. That is just ignorance.

What kind of a moron would put their entire nest egg into company stock? What kind of an idiot would even conceive of such a thing? The enron scandal did nothing more than to reinforce sound investment and retirement principles.

I feel no sorrow for idiots. Like those former enron employees. Take care of yourself and don't expect somebody to do it for you.

You're right, it's hardly sound investing to put all your eggs in one basket, but that doesn't in any way excuse the actions of the Enron folks. If you walk alone through a bad neighborhood at night, you're not very bright, but I still can come up and mug you, can I?

 

[Zebo]

Same goes for short skirt/rape analogies.. blaming victim does no good. Prosecute the thieves. Plus they were forced the vest in Enron stock and for a long period before they were allowed the company match, 5 years I think. Cooresive theft.

 

[dmcowen674]

Originally posted by: spidey07

Originally posted by: 1EZduzit
The kind of moron who thinks his boss/employer is trustworthy. Any idiot should know that CEO's CFO's, etc are nothing but the scum of the Earth. You can tell when they're lying because their mouth is moving.

While I would like to address that point it would be difficult. Because I've seen and been affected by bad CFOs. CEOs "generally" make the best decisions they can with what they know. CFOs have the agenda and make their decisions accordingly (mainly that agneda is to be the next CEO - the CFO and COO are normally dualling due to the dictomy of their roles).

The enron and other high profile CEO scandals are certainly scandelous and to be deplored, shown on the news and persecuted to the fullest extent of federal law at the time of the offenses.

But please don't lump anybody with a C or Board Member in front of the name/title all together.

HP ring a bell?

Just the latest set of Corrupt C's

How much is a board member paying you?

 

[BoberFett]

Originally posted by: dmcowen674

Originally posted by: spidey07

Originally posted by: 1EZduzit
The kind of moron who thinks his boss/employer is trustworthy. Any idiot should know that CEO's CFO's, etc are nothing but the scum of the Earth. You can tell when they're lying because their mouth is moving.

While I would like to address that point it would be difficult. Because I've seen and been affected by bad CFOs. CEOs "generally" make the best decisions they can with what they know. CFOs have the agenda and make their decisions accordingly (mainly that agneda is to be the next CEO - the CFO and COO are normally dualling due to the dictomy of their roles).

The enron and other high profile CEO scandals are certainly scandelous and to be deplored, shown on the news and persecuted to the fullest extent of federal law at the time of the offenses.

But please don't lump anybody with a C or Board Member in front of the name/title all together.

HP ring a bell?

Just the latest set of Corrupt C's

How much is a board member paying you?

Small companies can have CEOs as well. Not all corporations are massive multinationals.

 

[Tom]

n/m

 

[1EZduzit]

Originally posted by: fitzov

Overall there are more than 20 CEOs or high ranking corporate officers in prison.

Two words: country club

Hey, they're only tough on the "real" crooks. White collar crime isn't "real" crime. They go to prisons that serve alcohol, have conjugal visits, and even have golf courses?? No preferitial treatment here.

Blind justice, right? Tough on crime, RIIIIIGHTTTTT!!

 

[Whoozyerdaddy]

Originally posted by: 1EZduzit

Originally posted by: fitzov

Overall there are more than 20 CEOs or high ranking corporate officers in prison.

Two words: country club

Hey, they're only tough on the "real" crooks. White collar crime isn't "real" crime. They go to prisons that serve alcohol, have conjugal visits, and even have golf courses?? No preferitial treatment here.

Blind justice, right? Tough on crime, RIIIIIGHTTTTT!!

You guys will complain about anything. Even when they go to jail you complain about the jail.

I've never heard of them having golf courses but do you really think it makes sense to put some geriatric nancyboy white collar criminal in Riker's Island or Pelican Bay with the worst of the worst? Do we really need to spend Super Max dollars to house a guy who isn't a threat to rape and murder anyone he comes in contact with after he escapes? (And let's face it, thee guys are not a threat to escape)

It may not be PMITA prison but it's still prison.

 

[1EZduzit]

Originally posted by: Whoozyerdaddy

Originally posted by: 1EZduzit

Originally posted by: fitzov

Overall there are more than 20 CEOs or high ranking corporate officers in prison.

Two words: country club

Hey, they're only tough on the "real" crooks. White collar crime isn't "real" crime. They go to prisons that serve alcohol, have conjugal visits, and even have golf courses?? No preferitial treatment here.

Blind justice, right? Tough on crime, RIIIIIGHTTTTT!!

You guys will complain about anything. Even when they go to jail you complain about the jail.

I've never heard of them having golf courses but do you really think it makes sense to put some geriatric nancyboy white collar criminal in Riker's Island or Pelican Bay with the worst of the worst? Do we really need to spend Super Max dollars to house a guy who isn't a threat to rape and murder anyone he comes in contact with after he escapes? (And let's face it, thee guys are not a threat to escape)

It may not be PMITA prison but it's still prison.

In many if not most cases of white collar crime I agree, but when you have CEO's, CFO's, etc doing things on the scale of Skilling, then I disagree. His crimes are much more serious and damaging then the crimes of your run-of-the-mill rapist or thief.

 

[Fern]

Originally posted by: blackllotus

Btw you have no insurance on the 401k and your salary is less than stellar.

Firstly, you don't "lose" your 401(K) plan because your company goes bankrupt. 401(K) plans are "held" by brokerage firms. They are the seperate and distinct property of the individuals, unlike the (formerly) traditional defined benfit pension plans.

These people chose to invest their 401(K) funds in Enron stock. The 401(K) plan is only a "wrapper" that provides non-taxablity on invest gains until withdrawl. Otherwise, it's the same as any other brokerage account.

So, of course, you cannot have "insurance" on a 401(k), no more than any other investor in stocks can have "insurance" on his stock investments.

You can, however, "insure" your investments with put options etc. But that is likely too time complex and time consuming for most investors.

Fern

 

[Whoozyerdaddy]

Originally posted by: 1EZduzit

Originally posted by: Whoozyerdaddy

Originally posted by: 1EZduzit

Originally posted by: fitzov

Overall there are more than 20 CEOs or high ranking corporate officers in prison.

Two words: country club

Hey, they're only tough on the "real" crooks. White collar crime isn't "real" crime. They go to prisons that serve alcohol, have conjugal visits, and even have golf courses?? No preferitial treatment here.

Blind justice, right? Tough on crime, RIIIIIGHTTTTT!!

You guys will complain about anything. Even when they go to jail you complain about the jail.

I've never heard of them having golf courses but do you really think it makes sense to put some geriatric nancyboy white collar criminal in Riker's Island or Pelican Bay with the worst of the worst? Do we really need to spend Super Max dollars to house a guy who isn't a threat to rape and murder anyone he comes in contact with after he escapes? (And let's face it, thee guys are not a threat to escape)

It may not be PMITA prison but it's still prison.

In many if not most cases of white collar crime I agree, but when you have CEO's, CFO's, etc doing things on the scale of Skilling, then I disagree. His crimes are much more serious and damaging then the crimes of your run-of-the-mill rapist or thief.

Whoa... Back up there Sparky. Skillings crimes certainly affected more people than the average "hard core" criminal does but in no way are his crimes more devastating to his victims. Are you seiously trying to say that losing money is worse than losing your life? Or worse than being raped?

Really it's silly to start playing the moral equivilance game. (This crime deserves more than that crime - methodology... etc) But I would think that, given the choice, most people would rather have their IRA pillaged than be killed or raped.

Skilling is going to prison... for a VERY long time. Possibly for the rest of his life. No prison is fun. This is a guy who had millions of dollars and did whatever he wanted. Now he's going to be told when to get up, when to go to bed, when to shower and he'll probably wind up doing laundry or washing dishes. Guys making $12/hr will be bossing him around. He'll be sleeping on a cot and shitting on a metal can. He'll be in PRISON. He'll be in with a higher class of prisoners but he'll still be in prison.

 

[1EZduzit]

Originally posted by: Whoozyerdaddy

Originally posted by: 1EZduzit

Originally posted by: Whoozyerdaddy

Originally posted by: 1EZduzit

Originally posted by: fitzov

Overall there are more than 20 CEOs or high ranking corporate officers in prison.

Two words: country club

Hey, they're only tough on the "real" crooks. White collar crime isn't "real" crime. They go to prisons that serve alcohol, have conjugal visits, and even have golf courses?? No preferitial treatment here.

Blind justice, right? Tough on crime, RIIIIIGHTTTTT!!

You guys will complain about anything. Even when they go to jail you complain about the jail.

I've never heard of them having golf courses but do you really think it makes sense to put some geriatric nancyboy white collar criminal in Riker's Island or Pelican Bay with the worst of the worst? Do we really need to spend Super Max dollars to house a guy who isn't a threat to rape and murder anyone he comes in contact with after he escapes? (And let's face it, thee guys are not a threat to escape)

It may not be PMITA prison but it's still prison.

In many if not most cases of white collar crime I agree, but when you have CEO's, CFO's, etc doing things on the scale of Skilling, then I disagree. His crimes are much more serious and damaging then the crimes of your run-of-the-mill rapist or thief.

Whoa... Back up there Sparky. Skillings crimes certainly affected more people than the average "hard core" criminal does but in no way are his crimes more devastating to his victims. Are you seiously trying to say that losing money is worse than losing your life? Or worse than being raped?

Really it's silly to start playing the moral equivilance game. (This crime deserves more than that crime - methodology... etc) But I would think that, given the choice, most people would rather have their IRA pillaged than be killed or raped.

Skilling is going to prison... for a VERY long time. Possibly for the rest of his life. No prison is fun. This is a guy who had millions of dollars and did whatever he wanted. Now he's going to be told when to get up, when to go to bed, when to shower and he'll probably wind up doing laundry or washing dishes. Guys making $12/hr will be bossing him around. He'll be sleeping on a cot and shitting on a metal can. He'll be in PRISON. He'll be in with a higher class of prisoners but he'll still be in prison.

I really, seriously, really, believe Skilling crimes are just as serious as rape or theft. Who knows how many peoples lives have been totally shattered because of his greed? His victims number in the thousands if not tens of thousands.

I see absoulutley no reason that he should rate time in a minimum security prison. He's as hard core of a theif as any other bank robber. If you can't do the time then don't do the crime.

 

[Fern]

Originally posted by: judasmachine
yeah he's going down, although i doubt seriously where he's going in federal PMITA prison like he deserves.......

I've heard there really aren't many of those "cushy" white collar prison like there used to be.

Waiting to see what they decide as far as which prison he'll go to.

Plus, his lawyer fvcked up, shoulda tried the Kenny Lay- type defense

Fern

 

[Whoozyerdaddy]

Link
Skilling's Prison. I can't find a link that specifies which camp he's going to be in.

FCI Butner (Low)
P.O. Box 999
Butner, North Carolina 27509
919-575-5000
Fax: 919-575-5023
Security Level: Low/Male
Facility Code: BUF

FCI Butner (Medium)
P.O. Box 1000
Butner, North Carolina 27509
919-575-4541
Fax: 919-575-6341
Security Level: Medium/Administrative/Male (adjacent Minimum/Male camp)
Facility Code: BUT

Link
CNN seems to think he's headed to the Medium Security prison. Definitely NOT a country club prison.

The entire FCI Butner complex, which includes two medium-security prisons - one of which could be where Skilling's sent - alongside a satellite camp that houses minimum security prisoners, has an inmate population of 3,366 and a staff population of 959, according to the bureau's 2005 annual report.

He get's to hang out with Duke Cunningham... LOL

 

[fitzov]

You guys will complain about anything. Even when they go to jail you complain about the jail.

I complain about the fact that the guy has been sentenced yet, like the other corrupt millionares, gets to stay at home while waiting for the appeal to go through. Even if he does go to some cushy jail that a poor person would be proud to call home, he'll most likely be let out in 3-5 years on parole.

 

[spidey07]

Originally posted by: fitzov

You guys will complain about anything. Even when they go to jail you complain about the jail.

I complain about the fact that the guy has been sentenced yet, like the other corrupt millionares, gets to stay at home while waiting for the appeal to go through. Even if he does go to some cushy jail that a poor person would be proud to call home, he'll most likely be let out in 3-5 years on parole.

Hey silly, might want to read up on parole and federal crimes.

 

[EagleKeeper]

Originally posted by: fitzov

You guys will complain about anything. Even when they go to jail you complain about the jail.

I complain about the fact that the guy has been sentenced yet, like the other corrupt millionares, gets to stay at home while waiting for the appeal to go through. Even if he does go to some cushy jail that a poor person would be proud to call home, he'll most likely be let out in 3-5 years on parole.

He is not waiting on the appeal.

He is waiting for the Fed Prisons to assign him a slot.

 

[fitzov]

Originally posted by: spidey07

Originally posted by: fitzov

You guys will complain about anything. Even when they go to jail you complain about the jail.

I complain about the fact that the guy has been sentenced yet, like the other corrupt millionares, gets to stay at home while waiting for the appeal to go through. Even if he does go to some cushy jail that a poor person would be proud to call home, he'll most likely be let out in 3-5 years on parole.

Hey silly, might want to read up on parole and federal crimes.

mmm, yeah, just like you read up on how he really wasn't sentenced yet.

 

[fitzov]

He is waiting for the Fed Prisons to assign him a slot.

Oh yeah, that's what they say to people who are going to jail for a long time:

"No problem buddy, when we find room for ya, we'll call."