Tag Archives: Rick Causey
Today In Enron History
Saturday, October 27, 2001 Chuck Watson met with Ken Lay at Lay’s family home. The two business leaders began to discuss the nuts and bolts of a potential merger. Dynegy didn’t want Enron’s international unit — except it would take … Continue reading
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Today In Enron History
Friday, October 26, 2001. The stock opened at $16 and would close at $15.40 – a loss of only 5.81% of its value. Nothing to cheer about, certainly, but when compared to the losses every day of the week, it … Continue reading
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Today In Enron History
Tuesday, October 23, 2001. The stock opened at $23.25, its high for the day. Ken Lay convened a conference call with analysts to try and keep them apprised of what was happening ( Call transcript here ). The room at … Continue reading
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Today In Enron History
Monday, October 22, 2001. The stock opened at the high it would reach for the day: $24. The SEC alerted the company that it had begun an investigation; it was not entirely unexpected since the Wall Street Journal had spent … Continue reading
Rick Causey Used As A Pawn By Opportunistic Author
Some “whistleblower” has a new book to sell and is dropping Rick Causey’s name to get some attention: Massie said he was partially inspired to make a stand by the downfall of one of his neighbors in The Woodlands, Richard … Continue reading
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Twenty-Second Joint Status Report Regarding State of Discovery in USA vs. Skilling
This is the twenty-second joint status report regarding the state of discovery.It is now six years after the fact of this document and it still has the power to make my blood boil. Everything that Skilling would claim in the … Continue reading
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Judge Sim Lake Denies Skilling & Causey’s Motion To Change Venue
Jeff Skilling and Rick Causey filed a joint motion to change the venue of the trial to Denver, Phoenix or Atlanta, all places they felt they might get a trial where the jurors weren’t wishing them dead. The motion was … Continue reading
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Rick Causey at Enron
Rick Causey Since Rick Causey has been released to a halfway house (and I’m so happy for him and his family!) I figure now is a good time to talk a bit about him and what he did at Enron. … Continue reading
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IRS Whistleblower: Bob Hermann
There is no confirmation from “official sources” but I am willing to bet $1 million that the recent “whistleblower” who scored a $1 million taxpayer payout is Bob Hermann. Bob Hermann headed the Tax division at Enron Corp., he lost … Continue reading
Transcript of Rick Causey Sentencing
This is truly a fascinating document. While pleading guilty, Rick Causey’s attorney makes the point that Causey believed he was following GAAP and acting ethically. I support Rick Causey; he is not guilty. Not under any interpretation of the law, … Continue reading
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Today In Enron History
December 28, 2005, Chief Accounting Officer Rick Causey pleaded guilty to securities fraud in exchange for a prison term of five years. Causey said that he knew Enron’s presentation about its new EBS business at the January 20, 2000 conference … Continue reading
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Madoff Pleads Guilty: Cara & Friend Discuss
On Tuesday, I received a flash-bang email from the NYT announcing that Madoff was about to plead guilty and would accept a life sentence. I forwarded it to a friend with a note: If it’s a life sentence, why not … Continue reading
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The Global Galactic Agreement
While perusing the excellent Houston’s Clear Thinkers blog, I came across this post which asks the provocative question: did Andy Fastow forge Rick Causey’s initials on the Global Galactic agreement? Using the testimony of an Arthur Andersen accountant, Skilling’s attorneys … Continue reading
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Things I’ve Learned Since I Fell In Love With Enron
When Jeff Skilling told his Harvard admittance officer that he was fucking smart, he was being modest and understating. Jeff Skilling is the hottest CEO of any large company. Seriously: he’s hot. Andy Fastow was totally incompetent. His underlings, however, … Continue reading
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Today In Enron History
August 11, 2001, Jeff Skilling spoke to Mark Palmer, the managing director of corporate communications, about a press release to announce his resignation. He was still a few days away from an official announcement but Ken Lay and a few others … Continue reading
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