“He will get back a meaningful part of his life”

Business quote of the day.

“He will get back a meaningful part of his life”
 
The lawyer of Jeffrey Skilling, the former chief executive of Enron, on the possibility Skilling could be released from prison nearly a decade earlier than expected.
 
Skilling’s 24-year sentence could come down to 14 years, because he has agreed not to appeal against his conviction.
 
His lawyer Daniel Petrocelli said in a statement that a reduced sentence would give the former CEO "at least the chance to get back a meaningful part of his life.”
 
http://economia.icaew.com/news/may-2013/former-enron-chief-could-have-sentence-reduced
 

Photograph: Getty Images
Photo: Getty
Show Hide image

Cabinet audit: what does the appointment of Liam Fox as International Trade Secretary mean for policy?

The political and policy-based implications of the new Secretary of State for International Trade.

Only Nixon, it is said, could have gone to China. Only a politician with the impeccable Commie-bashing credentials of the 37th President had the political capital necessary to strike a deal with the People’s Republic of China.

Theresa May’s great hope is that only Liam Fox, the newly-installed Secretary of State for International Trade, has the Euro-bashing credentials to break the news to the Brexiteers that a deal between a post-Leave United Kingdom and China might be somewhat harder to negotiate than Vote Leave suggested.

The biggest item on the agenda: striking a deal that allows Britain to stay in the single market. Elsewhere, Fox should use his political capital with the Conservative right to wait longer to sign deals than a Remainer would have to, to avoid the United Kingdom being caught in a series of bad deals. 

Stephen Bush is special correspondent at the New Statesman. He usually writes about politics.