Former Enron Corp. Chief Executive Jeffrey Skilling ordered last-minute changes to at least two quarterly earnings reports so the company could meet or beat analysts’ expectations, a former vice president of investor relations testified Tuesday.
Paula Rieker, 51, also said Enron founder Kenneth Lay told the company’s directors in October 2001 that Enron’s highly touted retail energy unit had undergone “lots of retooling” to address chaotic billing and paltry cash flow, but neglected to disclose those issues days later to Wall Street while praising its reported profitability.
