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
In the case of Enron, we balance our positions all the time.
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.
I have to take responsibility for anything that happened within its businesses.
We use competitive markets to arrange for delivery of our food supply.
They can't do without electricity. They can do with less electricity.
Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.
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 wasn't trying to defend my monkey one way or the other.