Jacob Frenkel
Jacob Frenkel
Jacob Aharon Frenkelis an Israeli economist and the Chairman of JPMorgan Chase International. He served as Governor of the Bank of Israel between 1991 and 2000...
balance cases executives facing lives policy prison sends senior strong terms
These cases have significant policy implications. To see two senior executives facing prison terms representing the balance of their lives sends a very strong message.
case hard question tried
While it's hard to compare-and-contrast (the two trials), there's no question that prosecutors tried a more streamlined case this time.
based best corporate extent final fraud government judged modest verdict
The government's prosecutions of corporate fraud will be judged based on the verdict in this case. If there is an acquittal, the government's corporate fraud prosecutions will be deemed at best a modest success. To the extent the government is being tested, this is the final exam.
certainly corporate existed late mindset personal till
There certainly existed a mindset in the late '90s by some that the corporate till was a personal entitlement.
behalf counsel government since various
Various counsel have communicated with the government on his behalf since the allegations arose.
change conveyed counsel either government intent personally responsive
Mr. Wright has conveyed previously to the government his intent to be responsive to the government's investigation. He has not indicated to the government either personally or through counsel any change in those plans.
addition benefits government less needed noose party rope senior
Less rope is needed for two necks, as the government's noose tightens. The government always benefits from the addition of high-level insiders who would have been party to conversations with most senior executives.
less necks needed noose rope
Less rope is needed for two necks as the Government's noose tightens.
absorb dire fact mainly reflects shocks
The fact that some dire predictions didn't materialize mainly reflects the robustness of the U.S. economy. 2005 has showed us that it is able to absorb more shocks than previously thought.
asks department justice returning road stay time
The only time the Department of Justice asks for a stay is because it is going down the road of returning an indictment.
appreciate controlled enjoy entire freedom life respects value
Someone of means, who for his entire life was able to appreciate the value of freedom, and enjoy his success, is now having his life in many respects controlled by mid-level penal officials.
advanced greater judges normally people sympathy
Judges normally show greater sympathy for people of advanced years and deteriorating health,
case changes face plan trial
It changes the face of the trial for the prosecutors and the defense. They had to have some contingency plan for trial preparations for a case without Causey. Now they just put that plan in place.
changes face trial
It changes the face of the trial for the prosecutors and the defense.