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Enron former Chairman Kenneth Lay struggling financially!!!!

Hamburgerpimp

Hamburgerpimp

Diamond Member
Yeah right, I ripped it from CNNMoney:


Lay and his wife have sold a house in Aspen, Colo., for $10 million, the highest price per square foot that area real estate agents can remember. The Lays have said they are struggling financially after the collapse of Enron, which cost thousands of the company's employees their jobs and many more their life savings, which was tied up in Enron stock in 401(k) plans.
 
he's still a bastard. they should line up all the enron employees and let everyone take a clean whack at him.
 
That enron sprint link was hysterical!

And for Lay, aww poor baby. 10 Million doesn't last long these days...
 
Hes actually going to have to declare bankruptcy. He was hurt just as much as most people, except, he bought all his stock with loans, and is in several hundred million in debt now. Of course, he will get to keep his $9million house in Houston, as Texas laws says people filing bankruptcy can keep one house no matter how much it costs. He and his wife also have some type of tax free investment that when it matures in 8 years, they will have alot of money each month that creditors cant take away. You guys gotta remember, Lay was the chairman of Enron until he took over as CEO in August. Either way when he took over Enron was going under, its more the former CEOs fault as well as the CFO, as well as the Enron Lawyers. Not that Im siding with Lay, but while he sold alot of Enron stock, he also had alot unsold, for which he had loans on. Personally I think the auditor in charge, Skillings and the CFO should go to jail. Lay shouldn't, unless they absoultely have proof he was involved in doing it, which there is yet to be any proof of. He might be guilty of not letting the public know when he took over as being CEO, but I doubt he knew anything, before last August. Enron still would have gone down the tubes.
 

Oh Wow! Ken Lay as a victim of the Enron collapse... How could Ken know -- after all he was just the chairman of the board of directors. I think they call this the "Sergeant Shultz" defense: "I know nooothiiing!".

LH, you can't be serious! LOL
 
I bet he is
rolleye.gif
 
Well if the CEO, CFO, Auditors and the Lawyers all say one thing, and present one thing, how would he have known? Alot of people don't believe Lay knew till August. including the whistleblower. I mean when you have a corrupt CEO, CFO, and a bunch of screw ball Auditors doing dirty stuff, and covering the fact up unless you dug deep enough through all the complex, doctored records. I honestly think Lay had nothing to do with all the illegal activities that created the Enron scandel. Could he be guilty of insider trading regarding knowledge he learned in August, yes its quite possible, even though the Enron Lawyers, said nothing was going on. When you have all your upper management, your lawyers and your auditors all feeding you wrong information. Lay didnt setup those dummy co's, he didnt approve of the dummy co's, Skillings did. Its all about when Lay learned of the situation, and in most cases, most people believe he didnt know till it was to late. Lay is in debt, because he like Enron made bad investments(although he and his wife will pull several million a year, in 8 years).
 
Maybe we should take up an anandtech pitty fund for him. I think I have 2 or 3 shiney Abe Lincoln's laying around here that we could start with.
 
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