[NormsRevenge]

Enron founder Kenneth Lay, with his wife Linda, makes a statement as he leaves the courthouse after being found guilty of all counts in his fraud and conspiracy and bank fraud trials Thursday, May 25, 2006 in Houston. (AP Photo/Pat Sullivan)

[wolfpat]

Let me see if I understand this correctly.

Lay and Skilling took a perfectly good power company, sold off most of the power producing assets, spun off a dozen or so paper companies and assigned the main company debt to them, and sold stock based on the false profit statistics. Then he's surprised when he gets convicted of fraud.

Is that right?

[marron]

Enabled by Clinton.

Jailed by Bush.

[stylin19a]

...Lay, whose friendship decades earlier with the family of former President George H.W. Bush earned him the nickname Kenny Boy from the future President George W. Bush...

almost missed the gratuitous bias

[OB1kNOb]

Lay is shocked but not stuned, apparently.

[durasell]

Oh man, do you know what happens to pretty boys like Lay in jail?

[dakine]

"The collapse wiped out more than $60 billion in market value, almost $2.1 billion in pension plans and 5,600 jobs."

Where did it all go?

[arthurus]

Someone who has to be one of the smartest people on earth to get to be CEO of such an enterprise thought he could get off by pleading stupidity.