Kenneth Rice, a top trader at Enron Corp., provided blistering testimony Tuesday against Jeffrey Skilling, saying the ex-CEO dismissed his concerns about the energy giant's "goofy" partnership, set unreasonably high earnings targets for its new broadband unit and pushed him to meet those targets through any means without tarnishing Enron's stock. Rice took the stand as the government's second witness in the fraud and conspiracy trial of Skilling and Enron founder Kenneth Lay.
February 15, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Kenneth Rice, a top trader at Enron Corp., provided blistering testimony Tuesday against Jeffrey Skilling, saying the ex-CEO dismissed his concerns about the energy giant’s “goofy” partnership, set unreasonably high earnings targets for its new broadband unit and pushed him to meet those targets through any means without tarnishing Enron’s stock.
Rice, 47, took the stand Tuesday as the government’s second witness in the fraud and conspiracy trial of Skilling and Enron founder Kenneth Lay.
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