The whole thing with Enron and people like Lay, Skilling, and others I can't recall, is sad and disgusting on so many levels. When Enron started to implode and every little detail made the front page, you thought it can't get any worse but it did and on a daily basis. Does anyone remember the young Enron executive who commited suicide not too long after the story broke?
Does anyone recall the interviews that both Ken Lay and his wife made a few months after Enron went belly up? I can still see his wife on GMA and the Today show telling their sad story and how they were victims too and they were almost broke, etc,etc. It was unreal watching that series of interviews and I couldn't believe that someone was actually trying to sell that load of manure. IMO, the Lays and others like him are traitors to America and hurt just more than the former employees of Enron. The stockmarket and the American economy took a terrible hit and it just wasn't people from Enron who lost in that debacle. He got off lucky in my book. Better to die in a millionare home in Aspen with family around you, than to die in a nasty prison as one poster on this thread, had already stated.
Many pension plans are tied into the stockmarket to earn more proffit and maximise their gains. A lot of people, young and old saw their savings wash away down the toilet. Arther Anderson the former accounting firm in that scandal, lost all their clients and the headquarters in Chicago closed down and layed of countless number of workers. Some who made alot of money and were close to retirement. The Feds tore Arther Anderson apart in the investigation and while some at the top were guilty, the whole company didn't deserve to be punished.
The one thing that still puzzles me is, why Ken Lay proclaimed it wasn't him and blamed everyone else including the media for the downfall of Enron. There is mountains of evidence and it shows that Enron was filling false tax returns and cooking the books as far back as 1996! You can only hold off the truth for so long and there has to come a time when you throw in the towel. I just don't get that line of thinking and to the end he refused to take any personal responsibility of the fall of Enron. It confuses me, it really does.
