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 remember an Amnesia. I think it was appropriately named.
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.
We expect the new water company to be able to finance its own ongoing activities rather than depend on Enron's financial resources.
I threw my whole life and lived my life in a certain way to make sure that I would never violate any law.. certainly never any criminal laws.. and always maintained that most important to me was my integrity, was my character, were my values.
I've not only pursued the American dream, I've achieved it. I suppose we could say the last few years, I've also achieved the American nightmare.
The collapse of Enron and the subsequent collapse of Arthur Andersen were tremendous tragedies. But as I stated at the time of my indictment on July 8, 2004, failure does not equate to a crime.
The last thing I would have ever expected to happen to me in my life would be that, in fact, I would be accused of doing something wrong and maybe even something criminal.
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.
I don't fear jail because I know I'm not guilty. I know I did nothing wrong. I did nothing criminal and I also believe my God will get me through this.
We're (also) looking for a good people person who is able to motivate others and get strong performances out of people.
I take responsibility for what happened at Enron, both good and bad. But I cannot take responsibility for criminal conduct that I was unaware of.
They can't do without electricity. They can do with less electricity.
Every market is in transition.
Investors don't like uncertainty.