Mastroeni received a suspended sentence.

Borget was convicted of fraud, and spent one year in jail.

With his biggest moneymaker now behind bars,

Ken Lay had a problem:

Who could he find to make money for Enron?

Every year, every day,

every week you have to come up with new ideas.

Ken Lay saw in Jeff Skilling the guy who had the answer to

what the future of the natural gas business was supposed to be.

Ken Lay is also a guy who considers himself a visionary

and he liked other people he thought of as visionaries.

He liked people with big ideas.

And Jeff Skilling was a person with the biggest ideas of all.

Jeff Skilling's biggest single idea was find

a new way to deliver energy.

Rather than be bound by the physical flow of the pipeline,

Enron would become a kind of stock market for natural gas.

It was a magical new idea:

Transform energy into financial instruments

that could be traded like stocks and bonds.