Enron’s Lay, Skilling are guilty

And that’s not just my opinion. From Fox News:

Former Enron Corp. executives Kenneth Lay and Jeffrey Skilling were convicted of conspiracy and fraud on Thursday as one of the largest business scandals in U.S. history came full circle.

The jury came to the decision during their sixth day of deliberations, following the nearly four-month trial. As the convictions were announced Lay’s wife, Linda, was seen crying while Lay and Skilling were said to look shaken and dazed.

The verdict places the blame for the demise of the energy giant and Wall Street darling on the shoulders of the two former CEOs, both of whom took the stand in their own defense and sought to convince the jury that they had no knowledge of any illicit actions at the firm.

There’s a lot of people out there whose lives were basically ruined over this whole mess and this won’t make a damn bit of difference to their situation. But it’s justice and it’ll be a reminder to the next batch of execs who think all’s fair as long as they get to keep their mansions and golden parachutes.