and it's gonna run drier now that it is circualting something about him dying early(gets off clean on the charges) and the family gets to keep the millions of dollars he acquired from robbing pensions
>the family gets to keep the millions of dollars he acquired from robbing pensions<
Can't the people who lost their money sue Lay's estate in civil court?
My stock at Compaq floundered under lies too.
And there were other Houston companies that went bankrupt around the same time. None of them got the press that Enron did.
Yes there was crooked action behind the scenes. I'll say what all investors say, don't put all your eggs in one basket and certainly don't invest all of your money where you are working.
The way I heard it today, is that he is going to be buried and innocent man, because he had not been setenced yet, and the whole process must be done while a person is alive. So his death prior to sentencing voiced the conviction and he's buried innocent.
The the money thing is a little odd, but it's going to make watching this play out very interesting. If Lay left everything to the wife, she's entitled to 50% of it, so the government... might..only get 50%. But the government cannot go after anything the kids may have received in the will. So a smart lawyer would have had Lay change his will to leave everything to the kids, and the government is SOL.
Of course I have absolutely no idea if this is accurate or not, but it's what I heard on the radio this morning.