29 Quotes by John Coffee
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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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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.
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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.
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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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There is no blushing when it comes to making these demands, as long as management is only negotiating with the compensation committee and not with shareholders.
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I suspect this rush to settle the civil antitrust actions and the securities class action are the product of both an approaching deal with the government involving a plea of guilty to criminal price fixing, and also the approaching shareholders meeting.
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I think it's safe to say they won't serve more than 10 to 12 years,
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