Originally posted by: BrownTown
While Ken Lay is certainly not a good guy, and certainlly not Jesus, he goes get way to much of the blaim for what happened to Enron. Questionable accounting and such is nothing new by any means, the problem was of course that Enrons buisness was failing, and no amount of playing with the numbers could help them. The collapse of Enron wasn't due to the accounting practices, the accounting was done to try to conceal the collapsing company. It just happened that it failed so fantastically and so many people were hurt by it that someone HAD to be scapegoated. Ken Lay of course is the natural target, and while what he did was morally wrong, and illegal I think it sould also be noted that it was not entirely uncommon.
In conclusion, Ken Lay is a bad guy, but hes not some villian like he is made out to be in the press etc...