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On Earnings
You can always hit the earnings target, just sell more of the business. It's not something you can say, 'I can't do that'. That's a management decision of whether you want to do that.
On VaR
"We communicated to the market our net VAR position, which was a very well-known factor for determining what our exposure was to commodity prices,"Skilling explained. Berkowitz tried again. "Were you communicating to the marketplace that Enron had virtually no exposure to commodity price risks?" "No," Skilling responded. "We published VAR."
-- Jeffrey Skilling in his Enron testimony reported by Fortune . |
