Who's Sorry Now?
The news is just out that Ken Lay is dead. We'll hold off on too many opinions out of respect....but....we're suspicious. What is the back story on this one? And what's going to happen to Jeff Skilling? For one thing, the courts wanted $180M from the two - will the family still be responsible for that?
The news is just out that Ken Lay is dead. We'll hold off on too many opinions out of respect....but....we're suspicious. What is the back story on this one? And what's going to happen to Jeff Skilling? For one thing, the courts wanted $180M from the two - will the family still be responsible for that?
"On May 25, Lay was found guilty of 10 counts of fraud and conspiracy related to the collapse of Enron, the energy company he founded that eventually grew into the nation's seventh largest company before it imploded after an accounting scandal.
It was an astounding fall from grace for the Houston businessman who was once nicknamed "Kenny Boy" by President Bush. Lay had raised funds for Bush earlier in his political career.
In the Enron trial, Lay was accused of lying to investors and Wall Street about the health of Enron in late 2001 even as he enriched himself by selling millions of dollars in stock." here
