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| Subject: Jeff Skilling Jeffrey Keith “Jeff” Skilling (born November 25, 1953) is the former president of Enron Corporation. In 2006 he was convicted of multiple federal felony charges relating to Enron’s financial collapse, and is currently serving a 24-year, 4-month prison sentence at the Federal Correctional Institution, Englewood in Colorado The Supreme Court of the United States will review the case in early 2010. (Wikipedia Jan 2010) Phony financial reform By John Schroy, on July 17th, 2010 |  2 comments  Unfortunately, instead of a ‘game-changing’ confidence-inspiring reform, the Obama administration presented the United States with the Dodd-Frank Act — a legislative miscarriage that has the potential to hold back recovery and impair the position of New York as a world financial center for decades — unless repealed or drastically amended. July 17th, 2010 | Print Article |  Email Article |  Topics: Barack Obama, Barney Frank, Chris Dodd, complexity, Corporate Governance, Derivative Strategy, dividends, Economic Recovery, efficient market hypothesis, eurosystem, executive stock options, Great Depression, Jeff Skilling, Nobel prize in economics, Pecora Commission, pension plans, rating agencies, risk, Stock Buybacks, sub-prime mortgages, US Congress | Category: Financial Market Regulator, featured | 2 comments |  Short urlBuybacks rule By John Schroy, on June 10th, 2007 | One comment  According to Federal Reserve flow of funds accounts, a large portion of today’s stock buybacks are financed by borrowing heavily and dipping into depreciation reserves. Even the slowest of minds should be able to grasp the fact that borrowing to finance buybacks results in interest costs that will reduce, not improve future profits. Corporate executives have thrown caution to the wind, touting buybacks as ‘good for investors’ without regard for the truth or laws against securities fraud. June 10th, 2007 | Print Article | Email Article | Topics: Corporate Governance, Harvard Business School, Jeff Skilling, Stock Buybacks | Category: Stock Buybacks | One comment | Short urlThe Enron scandal By John Schroy, on July 7th, 2006 | One comment  Unfortunately for society, Jeff Skilling of Enron told the truth according to tenets of moral relativism learned at the Harvard Business School and with McKinsey and Company, when, on being sentenced to decades in prison, he said, “That’s the way the game is played. You win some, you lose some.” Skilling was a representative of corporate executives of his time. He did not work alone, nor was he an isolated ‘bad apple’. July 7th, 2006 | Print Article | Email Article | Topics: Adam Smith, CFA, Corporate Governance, CPA, Derivative Strategy, Enron, executive stock options, Harry Markowitz, Harvard Business School, Jeff Skilling, John Maynard Keynes, Ken Lay, Leverage, Long Term Capital Management, McKinsey, Miller and Modigliani, Myron Scholes, risk, Robert Merton, Sarbanes-Oxley Act, securitization | Category: Security Analysis, featured | One comment | Short urlFeatured articles on inside pages
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