Kenneth Lay and Jeffrey Skilling were found guilty of fraud and conspiracy. Fantasy accounting is not accounting. And you can't claim ignorance while being a CEO pocketing millions in compensation.
Meanwhile, I am still stuck doing SOX compliance shit, thanks to Lay and Skilling.
UPDATE: Dow reacted to the conviction by closing at 11211.05, up 93.73 points. Wall street pundits are cheering for the guilty verdict. I just hope that someone can reverse the SOX regulation so I don't have to do any SOX related shit.
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That serves them right. I hope they spend the rest of their lives in jail.
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