Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
29 Nov 2022 Acquired Enron
“All told, I think Lay sells about $300 million worth of Enron stock via these transactions.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 29 Nov 2022
- Publisher
- Acquired
- Episode
- Enron
Transcript context
…I think you nailed it. I think there's another thing that's in The Smartest Guys in the Room, where they reference the fact that I don't think for his particular sales, they classified under some weird thing where they didn't have to disclose it till after the fiscal year rather than in quarter, so he was able to sell an enormous amount before having to report it. All told, I think Lay sells about $300 million worth of Enron stock via these transactions. Skilling sells about 200 million. Fastow and a bunch of the other executives sell a whole bunch, too. Fastow actually makes $60 million from the LJM partnerships, from fees, carry, and selling partnership interests. He actually makes more from the LJM's than I think he does in total comp at Enron ever.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.