Enron
ORG
Enron
A former Enron executive gave that Jeffrey K. Skilling, the company's former chief executive, signed off on a controversial accounting shift involving troubled trading contracts. Mr. Delainey, 40, provided other testimony in the trial of Mr. Skilling and Enron's founder, Kenneth L. Lay, who were accused of conspiring to defraud Enron investors. Mr. Skilling and Mr. Lay say that there was no conspiracy and that any wrongdoing at Enron was confined to a small group that did not include them. They also say that Enron's failure was tied to a market panic and not to portrayals of its finances. When Enron declared bankruptcy in December 2001 the energy services unit had never turned a profit in its core business, he said.