Jeffrey Skilling quotes:
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We built that into a wholesale business that became, really, one of the largest companies in the United States. We had success in building new markets, opening markets for competition, and that takes a personal toll.
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Larry, I spent probably most of my professional life helping to build Enron Corporation. I don't think there was anyone that was as shocked by the - by the collapse of the company as I was.
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Well, actually, I had been working as a consultant to former companies of Enron, or predecessor companies of Enron and, so, I joined in 1990 to really start our wholesale merchant business.
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It was a very difficult 10 years of very hard work.
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We were building a - what I thought was a fantastic company. We had great people. We were changing - we were changing the way the marketplace operated. We were creating a market for natural gas and electricity that had never existed before.
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Mike, we are a green energy company, but the green stands for money.
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I thought the stock was a great buy. I think anybody that bought the stock in 1999 was - saw over the next couple of years a strong growth. During the year of 1999, I significantly increased my ownership of shares in the company.
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The indictment, in a lot of ways, that was the turning point.
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Well, as we built the business in the 1990's, as I said, I enjoyed that.
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We were building a - what I thought was a fantastic company. We had great people. We were changing - we were changing the way the marketplace operated. We were creating a market for natural gas and electricity that had never existed before."
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I think we had made some tremendous progress in the six months before I left.
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In the business world, allegations of accounting irregularities is tantamount to yelling fire in a crowded theater, except, today, in our Internet world, instead of people running for the exit signs, they just push the button on their computer.
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You can never say everything you want to say. I feel I had a fair opportunity to explain a lot of the questions.
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I sold some shares, but on a net basis, significantly increased my ownership.