Ken Lay
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dead
Teamwork. Rawk. Pwnage. Infinite Possibilities. YIELD. Hells yeah.
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64-year-old former energy executive dead.
July 5 2006: 10:06 AM EDT
NEW YORK (CNNMoney.com) -- Enron founder Kenneth Lay died early Wednesday in Aspen, a family spokeswoman said. He was 64.
In a statement, spokeswoman Kelly Kimberly said, "The Lays have a very large family with whom they need to communicate, and out of respect for the family we will release further details at a later time."
In May, Lay was found guilty of nine counts of fraud and conspiracy related to the collapse of Enron, the company he founded that grew into the seventh largest company before it imploded after an accounting scandal.
http://money.cnn.com/2006/07/05/news/newsmakers/lay_death/index.htm?cnn=yes
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Do you apply this example to Enron's customers, shareholders and employees, or are they just "victims"?
Did they screw somebody around, like Lay?
Certainly. They participated directly in the "screwing", so to speak. They funded it, sold it, participated in it, depended on it.
Why the need for stocks then? Seems to happen all the time. We all remember the good old days when the rich sucked everybody in and then watched, oh wait..............it still goes on today.
Anyhow back to the conscience catching up with you. Looks like it did wonders for Lay.
If you dabble in the stock market that is a problem. Knowing you are shafting the people making you richer is a bigger problem. Letting them get away with it is a huge problem.
I guess Lay must have thought about what real prison was going to be instead of the usual country club setting he thought he may get. Enough to explode a young honest heart better yet a ruthless heart.
what story did you hear? because the story I heard was that the employees were basically investing in the company for their retirement because Lay and his henchmen were telling them that everything was going great when it fact, it was not. so when everything went under, many of the employees lost everything they had. so no, I don't think the normal employees were "screwing" anybody as much as they were the ones being screwed.
Yet this continues in corporations throughout America. Furthermore, not a single penny was forced to be invested. Each employee had the complete choice on where to invest their savings. Many Enron employees wisely chose a diversified strategy rather than investing everything based on the opinion of a non-neutral party.
They were both screwing and screwed. Every Enron investor that lost "everything they had" did so based on their choice, not the choices of other fools like Lay and Skilling.
But basically, unless it's given to you free....never never never never rely completely on your own companies stock for your retirement. It's a retarded way to invest.
Spread out and diversify. You can keep some company stock if you have a good steady company, but if they start making reckless moves (Enron, MIRANT) GET OUT NOW!!
Certainly Lay is guilty of being a liar and being a crooked businessman. I'm not defending Ken Lay.
Where I'm not ugly and you're lookin' at me
Anypne think he is still alive? He had some powerful friends you know, and he was supposed to be doing jail time. Maybe he faked his death to get out of the country.
Sorry, I like to make up conspiracy theories every now and then.
um no, they weren't screwing anybody if they didn't know they themselves were being screwed. of course no one forced them to invest, but if you invest, all the truthful information should be out on the table for it to be legal. this is why they were screwed, and why there were lawsuits. if Lay, et al weren't defrauding the normal Enron workers, they wouldn't have been investing in the company.
I hope you're in Hell. You got off too easy.
Love,
A former Arthur Andersen employee
kevinbeetle: "Yes. When her career washes up and her and Gavin move to Galveston, you will meet her at Hot Topic shopping for a Japanese cheerleader outfit.
Next!"
I'm with you on this one. I'm not a big conspiracy theorist but that just seems too strange. Too suspicious. What in the hell was he doing at his vacation home in Aspen? They could have had his ass scrubbing toilets in prison somewhere. Its just too hard for me to believe.
So someone being "screwed" is incapable of "screwing" another?
Ok. But that wasn't the rule then and it's not the rule now. How about something a little wiser: if you don't have access to all the information, don't invest.
If the normal Enron worker would have followed the simple standard I named above, they wouldn't have been investing in the company (nor would any of the other investors).
The people who invested their funds with Enron were guilty of the same vague crime so many on the left constantly decry: greed. Greed is the lust for money in the absence of reason. Lay, Skilling, Fortune Magazine, Arthur Andersen, many of Enron's employees....all victims of their own greed.
You did not disappoint.
<a href="http://mudpuppy.wordpress.com">themudpuppy.com</a>
how convienent he dies and gets off easy
or
can you smell something fishy?
um...are you arguing theory or facts....?
It was my understanding that stocks may be purchased to make a profit to help fund a persons retirement...
am I and others guilty of greed...?
I broke this response down save you time, so you don't have to split it up yourself...;)
LMAO !!
you have never heard of anti-trust laws? it most certainly is the rule that publicly owned companies can't deceive their shareholders as a means of keeping the money rolling in, only to have the higher ups sellout and leave everyone else to lose it all. your arguments aren't even making sense. how could the workers "research" to know whether or not to invest when Lay was purposefully keeping the info that the company was failing secret?
Both.
Certainly! Stocks may also be purchased to fail miserably and wipe out a person's retirement.
If you sacrifice reason for money, yes.
Ok.
I have heard of anti-trust laws, thanks.
The same way anyone researches anything...by asking questions rather than avoiding them.
lmao, the argument appears to be very much over your head, so no use to go on. the Enron workers were defrauded by the Enron elite. period, nothing more to discuss.