John Coffee
John Coffee
John R. Coffeewas an American planter and state militia general in Tennessee. He commanded troops under General Andrew Jackson during the Creek Warsand during the Battle of New Orleans in the War of 1812...
appointed both control directors evidence expect involved loyal outside persuasive sides strong struggling
I would expect that both sides now are struggling to control the board. It may be that there are directors who were appointed by each side, but outside independent directors are not going to be loyal to someone if there is strong persuasive evidence that that person was involved in fraud.
almost aware deep enron expect hit ken lay met period plight testimony time titanic
One thing prosecutors can expect to get from Causey is testimony that he met with Ken Lay during that period and made him aware of how deep the plight was at Enron. By the time of Lay's return, Enron was almost like the Titanic after it hit the iceberg.
amount deceptive information simple
A simple overhearing of information in an elevator, if that's what really happened, doesn't amount to a deceptive misappropriation.
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Enron in its simplest form was a stark and vivid lesson that a company could comply with generally accepted accounting principles and totally deceive investors at the same time.
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You have to show that he knowingly told a false statement, a statement that he did not believe to be true.
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You don't dare ask for votes on certain kinds of packages. People do not ask for votes that they may not get.
ground
Causey has no defense. He's an accountant, and he was right there at ground zero.
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Cendant was the unrecognized harbinger of financial disasters to come. It was the harbinger in the late 1990s of how the quest for higher stock prices led managers astray.
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Business isn't necessarily committed to the same principles. Federalism cuts for or against them.
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NYSE will move from selling a single product to hosting a variety of products linked to its strong brand name.
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The partnership knew the firm was no longer viable so there was no reason not to roll the dice. If their survival depended on this jury they probably would have settled.
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The particular bank involved here has on prior occasions been caught in the same position as the unwitting intermediary, ... and it has been required by American courts under penalty of very large fines to identify who the inside trader was, who it acted for and that individual was criminally prosecuted.
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The one thing we can be confident of is that the books are cooked. We don't need to know who cooked the books to know that there is deep trouble for this company ... Bankruptcy reorganization looms and that the creditors are going to start looking for deep pockets to sue.
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There has to be something that we don't know. To simply explain that they're doing this to avoid litigation assumes that they'd be willing to throw money down a rat hole.