Kenneth Lay, former chairman and CEO of Enron, who was convicted of fraud and conspiracy, died today at his home in Aspen, before sentencing, due to a heart dicease. He was 64 years old. Mr. Lay was facing decades in prison.
I was sure that Mr. Lay, as well as Mr. Skilling, was guilty of fraud and conspiracy. However this does not change the fact that I feel sorry for his death.
Ken Lay (know as Kenny Boy by his closest friends) managed to find his way out from a very poor environment (he was the son of a very poor baptist priest) and found one of the most powerful energetic companies in the world. He was father of five and grandfather of 12.
I hope he rests in peace.
Wednesday, July 05, 2006
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