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
You'd rather have a surplus versus a shortage in your position.
Am I a fool? I don't think I'm a fool. But I think I sure was fooled.
I have to take responsibility for anything that happened within its businesses.
In the case of Enron, we balance our positions all the time.
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.
We see ourselves as first helping to open up markets to competition.
There are absolutely no problems that had anything to do with Jeff's departure.
We will cooperate fully with the SEC and look forward to the opportunity to put any concern about these transactions to rest.
The problems in California have been that it's been very difficult to site and build new power plants.
But indeed a market like California is not good for Enron.
But I can't take responsibility for criminal conduct of somebody inside the company.
But certainly I didn't know he was doing anything that was criminal.
I have faith in the market when we get the rules right.
The transmission systems are still regulated.