Former Enron CEO Skilling's Prison Sentence Reduced

Former Enron CEO Jeffrey Skilling, currently serving time for his role in one of the most famous financial scandals in recent history, caught a major break today. A federal judge reduced his sentence from 24 years down to 14.

Deal May Get Enron CEO Out Of Prison 10 Years Early

Jeffrey Skilling, the convicted former Enron Corp. chief executive officer, may get out of prison in as little as four years if a judge approves a deal with prosecutors over objections by victims of one of the biggest corporate frauds in U.S. history.

'A Pathological Moral Environment'

It was predictable because in fact any neutral observer who knows anything about the way the big banks on Wall Street work has been saying it for years. But it was remarkable because Sachs is a tried and true member of the American establishment, a widely acclaimed Ivy League professor and <em>New York Times</em> best-selling author, and not exactly a raving populist in his economic or political views.