Former Enron CEO Jeffrey Skilling gave misleading information to Wall Street analysts about the earnings of a highly touted business unit in 2001, the company's former head of investor relations testified Thursday. But in his second day on the witness stand, Mark Koenig stopped short again of saying either Skilling or Kenneth Lay explicitly ordered the books cooked, or that Skilling was aware he was giving analysts bad information.
February 03, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Former Enron Corp. CEO Jeffrey Skilling gave misleading information to Wall Street analysts about the earnings of a highly touted business unit in 2001, the company’s former head of investor relations testified Thursday.
Skilling did not disclose in conference calls with analysts that the Enron retail energy division had suffered $726 million in first-half losses from its contracts, and insisted that the unit was profitable, Mark Koenig told jurors.
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