Jacob Frenkel
Jacob Frenkel
Jacob Aharon Frenkelis an Israeli economist and the Chairman of JPMorgan Chase International. He served as Governor of the Bank of Israel between 1991 and 2000...
case ceo convicted false government jury lying somebody
This is not somebody who made some inadvertent false statement, ... This is a case where a jury convicted a CEO for lying to two different government agencies. That's a big deal.
less necks needed noose rope
Less rope is needed for two necks as the Government's noose tightens.
jail means name plate written
It means that the prosecutors are already having the name plate written to go over the jail cell.
credit full giving hammer head importance prosecutor time
The hammer over the co-operator's head is the importance of the prosecutor giving full credit for the co-operation at the time of sentencing.
believes confident considered identified identify judge legal likely takes thoughtful
It takes a mature, confident and thoughtful judge to acknowledge and identify a real legal issue. That's not to say there may not be other significant issues; it's just she has identified one she believes is the most likely to be considered on appeal.
against build cases cooperation secure senior slowly strategy
The strategy in all these prosecutions is to secure cooperation and slowly build cases against more senior participants.
bit longer takes
Sometimes doing that takes a little bit longer than many would like or expect.
affected concern court directly either family greatest honestly jurors jury members people point potential rather round speaking sure talk unlikely wrong
It's rather unlikely that potential jurors either didn't have family members or didn't know people that were directly affected by Enron. My greatest concern isn't the jurors who are speaking to the court honestly but those that want to get on the jury either to make a point to right the wrong of Enron...or to make sure that they can make the round of talk shows.
appreciate controlled enjoy entire freedom life respects value
Someone of means, who for his entire life was able to appreciate the value of freedom, and enjoy his success, is now having his life in many respects controlled by mid-level penal officials.
against level
Prosecutors are also about to go up against an unprecedented level of firepower.
case hard question tried
While it's hard to compare-and-contrast (the two trials), there's no question that prosecutors tried a more streamlined case this time.
certainly corporate existed late mindset personal till
There certainly existed a mindset in the late '90s by some that the corporate till was a personal entitlement.
behalf counsel government since various
Various counsel have communicated with the government on his behalf since the allegations arose.
based best corporate extent final fraud government judged modest verdict
The government's prosecutions of corporate fraud will be judged based on the verdict in this case. If there is an acquittal, the government's corporate fraud prosecutions will be deemed at best a modest success. To the extent the government is being tested, this is the final exam.