Jeff Skilling stepped in and he, too, went off to jail for several years.
In February 2001 Kenneth Lay stepped down as CEO of Enron handing the reins to Jeff Skilling.
Former Enron CEO Jeff Skilling took the stand yesterday in his own defense.
NPR: Skilling Takes Stand, Proclaims Innocence at Enron Trial
In this case, the jury gets to hear exactly what Jeff Skilling and Ken Lay were saying, word for word.
As the stock fell, Enron CEO Jeff Skilling resigned and Lay returned to try to bring stability to the company.
Jeff Skilling had a strange look on his face, as he took the oath and then stepped forward to take the stand.
NPR: Skilling Takes Stand, Proclaims Innocence at Enron Trial
That was what Jeff Skilling, the boss of Enron, called an investor who challenged his rosy account of his firm's financial health.
But those looking to see the next Jeff Skilling or Richard Scrushy frog-marched in front of television cameras will be sorely disappointed.
FORBES: Is The SEC's Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?
And Wade, Jeff Skilling today began trying to debunk the prosecution's witnesses.
And some of those acts involved Mr. Petrocelli's client, Jeff Skilling, being in the room, sitting right next to him and participating in those acts.
Some, such as Jeff Skilling of Enron and Tyco's Dennis Kozlowski, broke the law and helped inspire a dramatic tightening of government regulation, in the form of the Sarbanes-Oxley legislation.
And throughout the day, Berkowitz and Jeff Skilling struggled mightily with each other to see who was going to control the paintbrush, and which landscape the jury was going to see.
The challenge was brought by Enron's former boss, Jeff Skilling, who will not go free despite his victory, and Conrad Black, a media magnate released this week on bail pending an appeal, who may.
Former Army Captain Bryant Williams was found guilty of an Honest Services fraud ( see Jeff Skilling appeal) for taking bribes in his role as a procurement officer for the 101st Airborne while stationed in Iraq.
FORBES: "Operation Broken Trust" Moves Forward Even As Feds Lose Case in Florida
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