David Rosenthal: uncertainty

Transcript context

…He also, throughout, I have a whole list of Skilling quotes here. The one says, "What's the difference between California and the Titanic? At least when the Titanic went down, the lights were on." The preamble to that, if you watch the quote where he says it, I can't remember what the venue is. He even says in the preamble, he's like, I probably shouldn't say this, but he's the CEO of the seventh largest company in the world and he's saying this stuff. Oh, my God. This person. On October 23rd, 2006, Skilling is sentenced to 24 years in prison. Shocking it was only 24. He appeals and, get this, he's fighting to the bitter end. The appeal ends up going all the way up to the US Supreme Court, where I don't know what the right legal term is, but they end up sending it back down to a lower court for resentencing to redo the sentencing. The sentence gets reduced to 14 years. Skilling ends up serving 12 in total and is released from federal custody in February 2019. He is back out there on the streets, apparently trying to do deals. It was reported, but I don't think very successfully. And in 2020, Jeff Skilling founded a new energy trading company based in Texas called Veld LLC, rumored to be working on the venture with Lou Pai.…

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