Summary
HOUSTON -- A former top trader who once enjoyed a place in former Enron Corp. chief Jeffrey Skilling's inner circle testified Tuesday that Skilling set earnings targets to please Wall Street and then expected division heads to meet them.
Skilling also led an effort in early 1999 to redefine Enron as a company with consistent growth rather than a trading company with less predictable growth because analysts who influence stock prices supported stability, said Kenneth Rice, the prosecution's second witness in the fraud and conspiracy trial of Skilling and Enron founder Kenneth Lay.See the full content of this document
Extract
Enron $$ Targets Detailed
"Mr. Skilling told me on several occasions our stock would get whacked" if the market perceived Enron as a trading company, Rice said Tuesday, hi...
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