The second of Betty and Thomas Skilling, Jr.’s four children, Jeffrey Keith Skilling was born in Pittsburgh, Pennsylvania, on November 25, 1953. Between Aurora, Illinois, and New Jersey, Skilling was raised. He obtained a full scholarship to Southern Methodist University in Dallas, Texas. After graduating from West Aurora High School, where he initially studied engineering before switching to business.
Jeffery skilling Biography And Net Worth
|Net Worth $500 thousand|
|Full Name Jeffrey Keith Skilling|
|Birth Date November 25, 1953|
|Age 68 years|
|Birthplace Pittsburgh, Pennsylvania|
|Spouses Susan Long, Rebecca Carter|
Jeffrey Skilling Career Beginnings
He worked for a Houston bank following his 1975 graduation, which paid for his tuition at Harvard Business School, where he obtained an MBA while graduating as a Baker Scholar in the top 5% of his class. He started working as a consultant with McKinsey & Company and eventually rose to the position of partner. In this capacity, Skilling assisted Enron in 1987 in developing a natural gas forward market.
Jeffrey Skilling Success
After making an impression on Kenneth Lay while serving as a consultant, lay decided to appoint Skilling as chairman and CEO of Enron Finance Corp in 1990. As a result of the combination of Enron Gas Marketing and Enron Finance Corp. in 1991, Skilling was appointed chairman of Enron Gas Services Co. Skilling was appointed CEO and managing director of Trade Resources and Enron Capital. Skilling succeeded Lay as CEO of Enron on February 12, 2001. On August 14 of that year, Skilling abruptly announced his resignation and immediately sold a sizable portion of his stock in the company.
Jeffrey Skilling Conviction and imprisonment
Soon after Jeff sold his shares, Enron filed for bankruptcy, leading the prosecutors to claim that Jeff sold those shares knowing that Enron would soon file for bankruptcy. Skilling was found guilty on May 26, 2006, on one conspiracy offense, one insider trading count, five counts of providing false statements to auditors, and twelve counts of securities fraud. He received a prison term of 24 years, 4 months. On December 13, 2006, Skilling started serving his term at the Maxwell Air Force Base’s Montgomery Federal Prison Camp. Up until 2018, when he was granted an early release and transferred to a halfway home in Texas to complete the remainder of his sentence, he remained there.
Jeffrey Skilling Wife
During his first marriage, to Susan Long, which dissolved in 1997, he had a daughter and two sons. Rebecca Carter, a former vice president for board communications and board secretary at Enron, and Skilling were wed in March 2002.
Jeffrey Skilling’s Net Worth
Jeffrey Skilling has an estimated net worth of $500 thousand as of 2022 as he lost most of his wealth during his trial. According to reports, Skilling spent $70 million defending himself in several pricey court cases and appeals. Skilling was one of the highest-paid CEOs in the world at the height of his career. Skilling received pay and incentives totaling more than $130 million between February 2000 and February 2001.
Jeffrey Skilling Height and Weight
|Eye Color Blue|
|Hair Color Blonde|