Why Enron's Ex-CEO Thinks He Got Convicted

[MineGoesTo11]

That's the problem with guys like this. They see themselves as the victims. They don't see that what they did was wrong and genuinely believe that they were doing a good job. It's borderline sociopathic behaviour.

The bottom line: You're in jail, not because of a poor choice of PR tactics, but because you're a crook, you destroyed people's lives. You are exactly where you are supposed to be, and it's not supposed to be fun.

 

[brianugly]

Criminals will do anything to get out of prison, and this guy is clearly a dumbass.

 

[KSG_Standard]

I used to work for a company that made "God Boxes" or super multiservice switches. routing, switching, FR/ATM/MPLS...you name it. Enron Broadband Services was one of the customers we were trying to sell too. Enron wanted to trade bandwidth as well as molecules of gas and oil...and weather.

Anywho, Enron Broadband Services was the vehicle they set up for this business and on paper they had trainloads of money...we thought that they were going to buy several 10's of millions of dollars worth of our gear and they were my customer/opportunity.

I had the EBS executives at my company HQ in Massachusetts doing an executive briefing, talking about delivery of product, payment terms, etc...when the Enron collapse was announced on CNBC. We all sat around staring at each other for a little while...and then we escorted them out of the room...end of the dream.

 

[geochem1st]

I used to work for a company that made "God Boxes" or super multiservice switches. routing, switching, FR/ATM/MPLS...you name it. Enron Broadband Services was one of the customers we were trying to sell too. Enron wanted to trade bandwidth as well as molecules of gas and oil...and weather.

Anywho, Enron Broadband Services was the vehicle they set up for this business and on paper they had trainloads of money...we thought that they were going to buy several 10's of millions of dollars worth of our gear and they were my customer/opportunity.

I had the EBS executives at my company HQ in Massachusetts doing an executive briefing, talking about delivery of product, payment terms, etc...when the Enron collapse was announced on CNBC. We all sat around staring at each other for a little while...and then we escorted them out of the room...end of the dream.

And they brought us electronic carbon trading.

 

[geochem1st]

My idea for a screenplay is that of a vigilante that hunts down those untouchable a-holes that screw the masses, and hide behind loopholes and lawyers. The email spammers, the CEO that sits in front of Congress and, with a straight face, lies about his company's bad deeds.
Maybe an assassin, like Jean Reno in The Professional. Or a superhero...Captain Conscience. Or a league of killers, with different styles.
Like A Christmas Carol, each killer would be like a ghost of Christmas' past, forcing the bad guy to face his evil ways. But in the end the bad guys don't get to repent, they just get whacked.

Remember, remember, the 5th of November....

 

[KSG_Standard]

The smartest folks at my company couldn't figure out how EBS was going to trade bandwidth...the regulators and analysts in the energy sector couldn't figure out how Enron was "trading" energy futures and such...NOBODY could figure out how they planned to "trade" weather...Carbon trading looks to be another boon doggle as well.

 

[geochem1st]

The smartest folks at my company couldn't figure out how EBS was going to trade bandwidth...the regulators and analysts in the energy sector couldn't figure out how Enron was "trading" energy futures and such...NOBODY could figure out how they planned to "trade" weather...Carbon trading looks to be another boon doggle as well.

Weather futures are STILL being traded today. It's part of the derivatives scam, where farmers can hedge their bets on crops failing, do to bad future weather patterns and be reimbursed should this come true.

The whole 'futures' exchange is alive and well on The Street.

EDIT:

"Temperature as a Commodity
Until recently, insurance has been the main tool used by companies' for protection against unexpected weather conditions. But insurance provides protection only against catastrophic damage. Insurance does nothing to protect against the reduced demand that businesses experience as a result of weather that is warmer or colder than expected.

In the late 1990s, people began to realize that if they quantified and indexed weather in terms of monthly or seasonal average temperatures, and attached a dollar amount to each index value, they could in a sense "package" and trade weather. In fact, this sort of trading would be comparable to trading the varying values of stock indices, currencies, interest rates and agricultural commodities. The concept of weather as a tradeable commodity, therefore, began to take shape.

"In contrast to the various outlooks provided by government and independent forecasts, weather derivatives trading gave market participants a quantifiable view of those outlooks," noted Agbeli Ameko, managing partner of energy and forecasting firm EnerCast.
In 1997 the first over-the-counter (OTC) weather derivative trade took place, and the field of weather risk management was born. According to Valerie Cooper, former executive director of the Weather Risk Management Association, an $8 billion weather-derivatives industry developed within a few years of its inception.
Introduction To Weather Derivatives