Jeffrey Skilling's Surprising Split from Enron
The CEO's abrupt resignation has some investors wondering what's behind the trickle of execs leaving the company
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The steady drip of executive departures continues at Houston energy giant Enron (ENE ). After the close of markets on Aug. 14, Jeffrey K. Skilling, the company's hard-charging president and CEO, shocked the investment community by unexpectedly resigning. In a conference call with investors, Skilling, said he was leaving for personal reasons, which would remain private. Prior to taking over the CEO post in February, Skilling had been chief operating officer.
While it looks for a successor, Enron says Skilling's duties will be assumed by longtime Chairman Kenneth Lay. "I want to thank Ken Lay for his understanding of this purely personal decision," Skilling said in a statement.