Enron Trial: Skilling Feels Falsely Accused
by: Ed Mayberry, April 13, 2006 12:04:00 am
The defense has been methodically guiding Skilling through accusations made by the government.Skilling denied having so-called “cookie jar” reserves to smooth out earnings at Enron. That counters claims made by former Enron executive David Delainey, who told jurors that his division, which made massive profits from trading power during the California energy crisis, was being used like an ATM machine to improperly cover earnings shortfalls.
Skilling said he and Enron founder Ken Lay were a good team, and never knowingly broke the law. The former CEO said he thought of himself as generally a well-informed executive, tending to focus more on internal matters, while Lay was more inclined to work the outside--more comfortable at society settings. Lay intends to testify later in the trial.
Skilling takes the stand again this morning. Before prosecutor Sean Berkowitz begins his cross examination, Lay’s defense team could ask questions, although a decision whether to do so has not yet been announced.
Ed Mayberry, Houston Public Radio News.