Ken Lay
1942 - 2006
Posted on 07/05/2006 7:03:35 AM PDT by ElRushbo
cause of death unknown
Looking... to start here's the India deal
http://www.freerepublic.com/focus/f-news/762008/posts
Enron made its payroll. No wage earner at Enron failed to receive a paycheck for work they actually performed.
...let the conspiracy theories begin! Karl Rove told Cheney to have his Halliburton co-conspirators enlist a hit man from the Dubai Mafia to rub him out before he writes a tell-all memoir from prison, etc. etc. I am sure the DUmmies are starting to gin that up now.
I wouldn't know why as he did nothing wrong, contrary to the government's view.
Prayers for his family
Could you clarify this? I thought the employer match was ONLY in Enron, but what options did the employees have in where their 401(k) Pre-tax contributions went?
we can only imagine what prezident clinton called him.
sw
I think Ken Lay deserved to go to prison etc. The thing that bothered me the most about him is that he never seemed to have any remorse. He just seemed to think the world was treating him unfairly. I also remember his wife on television after the whole story broke, wearing a Rolex and crying about how they had to sell one of their vacation homes. she said they had nothing left. They were all about themselves and didn't care about anyone else.
Unfortunately, he will never go to jail.
Does anyone over the age of 12 NOT know that you must diversify investments? You are gambling if you don't.
In New England when Bank of New England went down the same thing happened. Some of the employees had only BONE stock in their portfolio. IIRC the fed bailed out the bond holders, not stock holders.
Remember seeing on TV conducting an Enron employee meeting, fraudulently pumping the company, emploring employees to buy Enron stock while he was in the process of unloading his. Ken Lay was a first class shyster crook ... for those of you out there in FReeper land defending this POS you are obviously misinformed.
The Bible says man can't serve two masters, that he'll love one and hate the other.
No kidding. :D
News travels really fast on FR.
FR, Is the Best.
You can put whatever you want in a 401k.
My portfolio is overweighted toward shares of employer as well - it's a form of compensation.
The remedy for this is to sell shares as they vest in order to diversify.
If people had their life savings in the stock these means one of two things: they failed to diversify by selling shares of stock that had vested or they took savings they already had and deliberately overweighted their portfolio toward Enron stock.
Neither was wise.
It's not uncommon for the initial reports of breaking news to contain inaccuracies. It happens here all the time. That's the way it is.
Hmmmm...I thought Shirley McClaine said that. ;^)
Ken Lay had information on the crooked dealings of the evil Bush administration and financed Karl Rove's hurricane machine. He and Bush plotted to release little gremlins that cause all of us daily misery by stealing our socks. Lay had the goods on Bush.
Bush did it.
I actively followed the Enron matter daily for more than 2 yrs on 3 stock message boards, starting 48 hours before the BK petition was filed on 2 Dec 01. It was one bizarre education and look at several occupational disciplines, I assure you. I was addicted, as were many. A subsidiary of Arthur Andersen Inc openly taught the tactics used, in seminars.....to many companies, some of which also went over the edge as enron unfolded. Benignly called "managed earnings" but the inner workings facilitate slo-mo fraud by many many thousands of people and other businesses who benefit before the dam bursts and as it bursts.
Too funny. Your post can also be found on DU.
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=364&topic_id=1569054&mesg_id=1569233
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