Risk Management

Skilling’s Prison Term is Delayed

Furthermore, the former Enron CEO could get time off for good behavior, but it will be slow going.
Stephen TaubDecember 12, 2006

Jeffrey Skilling will remain outside of prison for a little bit longer. The 5th U.S. Circuit Court of Appeals agreed to delay his report to prison so that the court can have more time to consider a request for bail while the former Enron chief executive officer appeals his conviction, according to the Associated Press.

Skilling was scheduled to begin his 24-year sentence Tuesday in a federal prison in Waseca, Minn. According to the wire service, the appeals court said in a docket entry on the court’s Web site that the delay was “solely to allow this court to give careful consideration to the request for bail pending appeal.”

A new report date would be set pending further court order, it added. Reportedly, Skilling can cut his sentence by a year if he successfully completes alcohol and mental health counseling at Waseca. He is also eligible to earn 54 days a year off his sentence for good behavior, according to the AP.