Professor Elam

Jeff Skilling former CFO of Enron, has his 25 year conviction on appeal. IN short order the Court of Appeals wil decide whether he shoudl be a free man. Frankly I would think he would do better on the outside preaching about the lack of board oversight and external accounting audit failures as Barry Minkow (ZZZZ Best) does. But this article is an interesting retrospecitve of what happened and how Arthur Andersen and the Enron Board failed in their duties.

You will recall that CEO Ken Lay cheated the hangman's noose so to speak by handily dying of a heart attacke before his sentencing…