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
I wasn't trying to defend my monkey one way or the other.
We expect the new water company to be able to finance its own ongoing activities rather than depend on Enron's financial resources.
Due to the multiple inquiries and investigations, some of which are focused on me personally, I believe that my involvement has become a distraction. ... My concern is for current and former Enron employees and other stakeholders, and I feel it is in their best interest for me to step down from the board,
We had realized the American dream and were living a very expensive lifestyle, the type of lifestyle where it is difficult to turn off the spigot.
Currently, there are only a handful of large private sector companies operating in the $300 billion worldwide water market, and there are tremendous opportunities for future growth as the water industry moves toward privatization and consolidation.
I was more interested in talking to Vince Kaminski about some general risk-management issues.
I was trying to see if they would meet with my lawyers.
I was fully complying with all the existing regulations and requirements on my stock transactions.
I think I and Jeff before me ... were being very, very candid. We were solving these problems and we were addressing these problems.
I believe then - I believe now - that I fully complied with the law.
But they certainly had the right to sell their shares to take care of their problems.
If we do that, then Enron will become the leading company in the world.
I did not want to leave the country this time without reaffirming my interest in, and support for, India, ... I hope that we will be able to find a resolution to this problem.
My concern is for current and former Enron employees and other stockholders, and I feel it is in their best interest for me to step down from the board.