Bush buddy found guilty

As my colleague Rachel notes, two of Enron's key players got their due today: "Lay found guilty on all counts, Skilling on 19 of the 28 counts against him."

The two are slated to be sentenced on September 11. Blogger/econ prof Brad DeLong writes: "I could never figure out why they took this case to trial."

Chris Roush, a business/media prof at UNC-Chapel Hill, writes of covering white collar crimes that:


"the strategy is to write two stories — one saying not guilty and one saying guilty. After the verdict comes in, you and your media outlet quickly push the correct story out onto your Web site."
What's interesting about all the stories linked to by Roush, and in all the stories I've read so far, is that none connect Enron to the Bush administration.

Howie Klein is kind enough to supplement the coverage. Noting that Bush will probably pardon the two on his last day in office, Klein writes: "Remember, Lay and Enron gave Bush over $500,000 over the last years."

According to Wikipedia, Lay "is known to be a personal friend of current US president George W. Bush," was a candidate for Secretary of State after the 2000 election and was on the committee to elect the president's father in 1992.

For those interested in covering the coverage, Roush provides a handy compendium of the major outlets' stories.

  • Bloomberg is "comprehensive"
  • AP's is anemic
  • Reuters includes Skilling and Lay reactions
  • The NY Times gets in some nice digs; aka "contextualizing"
  • CNNMoney.com provides a sports-section-esque stats box
  • The Houston Chron includes a quote from Enron CFO Fastow who'll be banging out some license plates of his own.

(TalkingBizNews)

--> Sign up for Peek in your inbox... every morning! (Go here and check Peek box).
#story_page_ below_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.