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To: wideawake
His crimes seem to have noticeably affected a small group of people, consisting entirely of the subset of Enron employees who refused to plan their retirement intelligently

Pretty much everyone in Corporate America dealing with Sarbanes-Oxley was affected by Lay's shenanigans.

340 posted on 07/05/2006 9:43:01 AM PDT by dfwgator
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To: dfwgator
Pretty much everyone in Corporate America dealing with Sarbanes-Oxley was affected by Lay's shenanigans.

Every one seems to believe that Ken lay was some kind of brilliant evil mastermind who singlehandedly controlled the world.

Enron's downfall was caused by many people - Lay played his prominent role, but Andrew Fastow and Jeff Skilling were the guys who actually figured out how to game the system and they had plenty of enablers from Lay to complacent shareholders to aggressive accountants to Congress to capricious tax rulings.

Lay was just one of a whole cast of scummy characters.

343 posted on 07/05/2006 9:50:30 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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