Thursday, July 06, 2006

Ken Lay is Dead

Not only has Kenneth Lay left the building (Enron that is) -- the man has left this world. Ken Lay, founder and chief crook of Enron, kicked the bucket yesterday -- dying of a heart attack just over a month after being convicted of fraud and conspiracy that led to the collapse of Enron. In the end, Lay may have gotten off easy. There are still many civil lawsuits pending -- and even though Lay isn't around, his estate (aka his family) will have to bear the burden of defending his empire and legacy.
Posted by Andy Dabydeen at 7/06/2006 12:42:00 AM
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1 comments:

  1. While I find it hard to have any sympathy for the guy or his family (they've enjoyed the proceeds of his crimes), I have to say that I find it extremely hypocritical that he seems to have been made a real scapegoat, or worse yet, an example.

    There are many other examples of horrendous corporate greed that continue to get under-reported or ignored. Example - the chairman of the NYSE gets $140 million on retirement (that's not a typo). Or the Chairman of Exxon gets a package worth $400 million on retirement (and the gas companies are not making anymore money during these times, oh no).

    There ought to be a law!

    :)
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