There’s still more information on the investors in Enron’s debt-concealing outside partnerships.
As we’ve noted before, all of Enron’s outside partnerships were not created alike, and not everyone came in on the same terms. Some offered investors a windfall with no risks. Others promised conventional enough returns that potential investors had to be sold on the plans.
Despite his claims last week that he knew little or nothing about the outside partnerships, in December 1997 former Enron CEO Jeff Skilling appeared personally at a meeting of the board of directors of the California state-employee pension fund (CalPERS) to sell them on an investment in JEDI II.
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