![]() pointed out that workers, not executives, are the backbone of the economy. Unbelievable that we allow this as a society.” Californians paying high electric bills, lost pensions, etc.) Then I read that Jeff Skilling is now out of prison and back at doing essentially the same line of work. “It makes me so mad that all the top people in the firm walked away with millions mostly funded by everyday people trying to make a living (i.e. ![]() One of our listeners, Carrie, expressed frustration with Skilling’s seeming rebound. You can read or listen to David Brancaccio in conversation with The Wall Street Journal’s Jason Zweig on what the saga taught us about investing and with The Economist’s Vijay Vaitheeswaran on echoes of Enron’s energy deregulation in California and Texas today. And former CEO Jeffrey Skilling, who served 12 years in prison, recently launched an energy investment venture.Įnron’s complicated legacy doesn’t end there. Before filing for bankruptcy in 2001, Enron paid out a whopping $745 million in cash and stock to senior executives. “Enron: The Smartest Guys in the Room” showed us how tens of thousands of employees lost their jobs and $2 billion in retirement funds. The tale of an energy titan that deceived investors and regulators, devastating its workers’ livelihoods in the process, evoked these strong responses from our listeners - even 20 years later. Unethical, greedy, immoral, selfish, dishonest, appalling, evil.
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