Kenneth Lay
Kenneth Lay
Kenneth Lee "Ken" Laywas an American businessman. He was the CEO and chairman of Enron Corporation. Lay was indicted by a grand jury on 11 counts of securities fraud in 2004. In 2006, Lay's trial began in Houston and he was found guilty on 10 counts. Lay died while vacationing in Snowmass, Colorado, on July 5, 2006, three months before his October 23 sentencing. A preliminary autopsy reported Lay had died of a heart attack caused by coronary artery disease...
NationalityAmerican
ProfessionCriminal
Date of Birth15 April 1942
CountryUnited States of America
There are absolutely no problems that had anything to do with Jeff's departure.
You'd rather have a surplus versus a shortage in your position.
There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.
We see ourselves as first helping to open up markets to competition.
I have to take responsibility for anything that happened within its businesses.
We use competitive markets to arrange for delivery of our food supply.
Jeff knew full well what he was walking away from. Again, he needed to deal with this right away.
When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall.
But the most important thing is, Enron did not cause the California crisis.
Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.
Investors don't like uncertainty.
It's been very interesting. We've seen a lot of interesting testimony. We've seen a lot of interesting people, a lot of allegations, a lot of lies, a lot of misinformation and some truth.
I don't think I'm a criminal, number one.
They can't do without electricity. They can do with less electricity.