Ex-Enron workers: Skilling should serve full term
As the Justice Department and the former CEO's lawyers negotiate a shorter prison sentence, his old employees say it's a really bad move.
Not surprisingly, the former Enron employees whose jobs and retirement plans Skilling incinerated have a bit of a problem with that.
Some of those former workers went to CNNMoney and made it known exactly what they think of a deal that would free Skilling almost 10 years early. Diana Peters, a former technology specialist at the now-defunct energy company, lost her entire $75,000 retirement portfolio when Enron collapsed in last 2001. After losing her job at age 50, she picked up various temporary computer gigs before landing a full-time job in 2011. When she got laid off from that position, she decided to retire. As far as she's concerned, Skilling should serve every minute of his original sentence.
"It's been seven years for him, but there's no way I or many of the other people that lost money will ever get that back," Peters said.
Skilling has been appealing his conviction since 2006, when he was found guilty of conspiracy, fraud and other charges related to Enron's collapse. That bankruptcy took out 5,600 jobs, $2 billion in employee pensions and more than $60 billion in shareholder value.
Skilling's recent deal stems from a Supreme Court ruling that struck down the rules that apply to his sentencing, calling them too strict. The deal requires a judge to come up with a new sentence and requires $40 million of Skilling's seized assets to be released as victim compensation.
Sheryl Butler, who lost $120,000 in stock options when Enron collapsed, agreed with Peters and said the $40 million is worthless if Skilling is freed.
"What he did was so egregious to so many people," Butler said. "I don't have any sympathy for him."
Think of every nasty expletive and then throw in a few more that haven't been applied to the greedy, unrepentent, ARROGANT bastards from Enron and apply them to Skilling. The ONLY WAY he gets out early is by the NORMAL COURSE OF JUSTICE -- that being the RICH TURDS LIKE SKILLING BRIBING THE SOBS THAT are supposed to keep his kind locked up.
No doubt he will be a few thousand lighter but WALK away from his crime while some scumbag judge, prosecutor, etc., walk to the bank. JUSTICE STINKS IN THE USA. Don't throw out that greatest country in the world malarky either. ONE OF THE MOST CORRUPT MAYBE....for sale to the highest bidder ABSOLUTELY.
I believe they call this form of government a Plutocracy. Congress has been owned by
K Street for quite some time but now the Supreme Court seems to favor corporations (as persons?!) and their rich executives with a double standard. Even Obama repealed the law banning insider trading by members of Congress. Our founding fathers are most certainly rolling over in their graves.
The other 17 commentators have said it all. It is so ironic that less wealthy people spend years and years of their lives in jail until dna tests prove them innocent, but skilling one of the indisputable convicted crooks of our time, does not have to serve his full sentence. He ruined peoples lives and our government is so detached from the average person they just do not understand how he ruined their lives. He robbed/stole from people and he is free. Unbelievable.
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A basic income policy can actually ensure a decent standard of living for everyone.
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