Wednesday, December 18, 2002

THIS WACKY BIT OF Enron sketch comedy featuring Jeff Skilling must have seemed like a big joke back in 1997 when it was recorded as a going-away video for executive Richard Kinder -- right?
In the video, Skilling tells Kinder -- played by Enron's Peggy Menchaca -- that he's come up with a way to really pump up revenue.

"I haven't mentioned this before, Rich, but this is the key. We're going to move from market-to-market accounting to something I call HFV -- Hypothetical future value accounting. If we do that, we can add a kazillion dollars to the bottom line."

An accountant sitting next to Skilling replies, saying, "I don't know, Rich. We've got the FASB rules and the SEC. The accountants are just never going to go for it."

Skilling responds, "He's a spoil-sport. Always has been."
Ha! I get it! Meanwhile, O-Dub notes the part about how both George Bushes were included in the tape.