[buggy6257]

The new CEO (John Jay Ray III) was the one put in charge of Enron to clean up that whole mess. I don't think anyone doubts his legitimacy at this point, so there would be no need for him to be on the defensive. He was placed here specifically for that reason, I think.

[jerf]

This is a situation where lawsuits will be flying and a lot of very wealthy people who can afford lawyers and lost lots of money will be casting about for any deep pockets they can find and any scapegoats they can blame.

It is likely that nobody will sue this CEO, but a nontrivial part of that is precisely that this guy is correctly covering his bum. By being ready for this battle, he will probably never have to fight it. And that's only "probably". I wouldn't guarantee it. I would have some clauses about this written into my contract before I took the job.

[nradov]

Trustees appointed by a Bankruptcy Court already enjoy quasi-judicial immunity which shields them from any personal liability.

[AustinDev]

Was he appointed by the Bankruptcy Court or the Company itself?