NYT: Ignorance Claim Did Not Sway Enron Jury

[DeepModem Mom]

Ignorance Claim Did Not Sway Enron Jury
By VIKAS BAJAJ and KYLE WHITMIRE
Published: May 26, 2006

HOUSTON, May 25 — One after another, the jurors spoke and, in different voices, it all added up to the same thing.

They simply could not believe, the eight women and four men of the jury explained in an extraordinary joint news conference after rendering their verdict, that Kenneth L. Lay and Jeffrey K. Skilling were telling the truth when they claimed they didn't realize that something was rotten at Enron.

How, they repeatedly wondered, could Enron's former chief executives not have known what was going on?

The jurors said they found the testimony by Mr. Lay and Mr. Skilling in their own defense — which many legal experts had warned could prove to be their undoing — both revealing and damning.

Freddy Delgado, an elementary-school principal, questioned how the two men could testify that they "had their hands firmly on the wheel" at Enron and then say that they did not know about the improper accounting and the intensifying financial problems?...

http://www.nytimes.com/2006/05/26/business/businessspecial3/26jury.html?hp&ex=1148616000&en=742496c64bc60c7c&ei=5094&partner=homepage

[Demeter]

1. You Can Fool All of the People Some of the Time, etc.

Faith-based management and accounting have just taken a mighty blow, just like Creationism.

A New Age Dawns: The Triumph of Reality over Wishful Thinking.