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.
prison question
I don't think there's any question that there will be a prison component.
intended
Not that (the justices) intended it that way. But it has that effect.
against constitute facts guarantees material
Not disclosing material facts about the transaction, such as guarantees against loss, could constitute a crime.
affected concern court directly either family greatest honestly jurors jury members people point potential rather round speaking sure talk unlikely wrong
It's rather unlikely that potential jurors either didn't have family members or didn't know people that were directly affected by Enron. My greatest concern isn't the jurors who are speaking to the court honestly but those that want to get on the jury either to make a point to right the wrong of Enron...or to make sure that they can make the round of talk shows.
assets cloud risk time transfer
Any time there is a transfer of assets and there is a cloud over the assets, any transfer is at risk of being undone.
believes confident considered identified identify judge legal likely takes thoughtful
It takes a mature, confident and thoughtful judge to acknowledge and identify a real legal issue. That's not to say there may not be other significant issues; it's just she has identified one she believes is the most likely to be considered on appeal.
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.
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.
assurance certain meets profile return verdict
there's never any assurance that a juror who meets a certain profile will return a verdict a certain way.
case ceo convicted false government jury lying somebody
This is not somebody who made some inadvertent false statement, ... This is a case where a jury convicted a CEO for lying to two different government agencies. That's a big deal.
case political
This case is a non-starter that has political appeal,
court desperate hope life move outside permit spend sympathy
a desperate move made with the hope of eliciting some sympathy from the court to permit him to spend some part of the remainder of his life outside of jail.