Skilling: Testimony is Chance to Share the Facts
by: Ed Mayberry, April 11, 2006 5:04:00 am
Enron's former CEO admitted being nervous as he took the stand in his owndefense, saying in many ways "his life is on the line." He spent timeexplaining the business of Enron, going point by point for jurors throughcomplex energy trading concepts that he brought to Enron.
Skilling said he left as CEO in the summer of 2001 because of the toll onhis personal life, saying he had not spent the time he should have with hisfamily, and he was emotionally exhausted. Skilling said visiting thefamilies of three men killed in an explosion at Enron's UK facility madehim realize that life is short. It was after a three-week vacation with hisbrother and one of his sons in Africa, he realized that he didn't want tocome back.
Skilling said after the bankruptcy, a political backlash, or "witch hunt"began, so he felt compelled to explain what happened. He gave testimony tothe Securities and Exchange Commission and later testified before aCongressional panel.
Ed Mayberry, Houston Public Radio News.