Skilling


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Skilling

A subdivision of the speciedaler, the former currency of Norway. A skilling was worth 1/120 of one speciedaler.
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Nonetheless, the Skilling Court used Letter Carriers as its basis
The agreement Skilling reached with prosecutors allows for more than $40m ([pounds sterling]26m) that was seized from him to be distributed to the victims of his crime.
Never before have I seen a district that has asked so much of its staff in such a short period of time, and never before have I seen a staff rise to the occasion so greatly," says Skilling.
And the law has indeed been widely applied by prosecutors, too widely according to defendants, notably in the Black and Skilling cases.
Assembling such evidence proved challenging, however, as both Skilling and Lay clearly relied on the advice of inside and outside counsel, as well as their auditors.
Skilling, one of the masterminds behind what may well have been the sorriest--and certainly most notorious corporate scandal of our time--was sentenced to 24 years and four months, a term that some people actually viewed as harsh.
Skilling, 52, stood alone at his sentencing in the court in Houston, Texas before US District Judge Sim Lake.
Skilling caused mayhem after pretending to fall ill as he was being taken to court on theft charges.
Though neither talked directly to the filmmakers, Lay and Skilling are omnipresent characters thanks to archive footage which shows them to be foolishly unbalanced in their optimism - rather like George W Bush over Iraq.
Eager to impress Wall Street, Skilling and his lieutenants paid their managers to aim at questionable financial targets; consequently, their internal system of financial controls was a shambles.