The Mudcat Café TM
Thread #91773   Message #1749669
Posted By: JohnInKansas
29-May-06 - 06:31 PM
Thread Name: BS: Lay and Skilling- Guilty
Subject: RE: BS: Lay and Skilling- Guilty
Unfortunately, michael, if you give creeps like this a chance to "work off the debt" they'll be back to the same old tricks that created the debt - about 20 seconds after they hit the street.

What else would they know how to do, that would make that kind of money?

The $80,000,000 that's been mentioned several times above is just a threshold set in the sentencing rules, to trigger longer sentences. The loss is estimated at the first link in the thread:

The collapse obliterated more than $60 billion in market value, almost $2.1 billion in pension plans and, initially, 5,600 jobs.

A bit over the threshold.

[For our Brit friends, that's US billion = 109, not the Brit 1012 practice, so it's really not all that much...]

John