Former Enron CEO Jeffrey Skilling has spent most of three days rebutting former underlings' testimony that he misled investors by saying all was well at the company. He begins his fourth day of that effort today as he returns to the witness stand in his and Enron founder Kenneth Lay's federal fraud and conspiracy trial in Houston.
Former executives at the one-time energy giant have said Skilling's rosy statements to investors and employees masked accounting tricks and weak ventures that fed financial rot.
But he told jurors yesterday that he "was aware of no illegal activity occurring at Enron Corporation." He said that he and Lay never discussed doing anything they knew was forbidden by law. He steadfastly reasserted that he's falsely accused of wrongdoing.
Lay, too, denies any wrongdoing. Outside court yesterday, Lay repeated he aims to testify later in the biggest corporate fraud trial to emerge from the recent era of business scandals.