Jim Cramer Blog

The Verdict of the Enron trial against Skilling and Lay further assured investors that their money is well protected in the stock market. Lay was found guilty on all counts, and Skilling got off on the insider trading counts. Officers of companies are literally scared of being put in the same situation as these two were. Let's face it, a lot of what bankrupted Enron was probably not known by the CEO. I'm sure he delegated almost all responsibility away from himself so he wouldn't have to do any work. This verdict is going to scare CEO's into making sure their company is running in the most opportune and legal way, thus further enforcing Sarbanes Oxley. This is a good thing that has happened for overall investor sentiment.