Enron founder Ken Lay dead of heart attack:

[Guest]

http://news.yahoo.com/s/nm/20060705/ts_nm/enron_lay_dc


Wow. Just caught this headline.



HOUSTON (Reuters) - Enron Corp. founder Ken Lay, who was convicted last month of fraud and conspiracy for his part in the Houston-based company's collapse into bankruptcy in 2001, has died of a heart attack at his vacation home in Colorado, a Houston television station reported on Wednesday.
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KHOU-TV, a CBS affiliate, said Lay suffered a massive heart attack. He was awaiting sentencing later this year and was expected to face a lengthy prison term for his convictions in the Enron collapse.

 

[Rumple Foreskin]

No all-expenses-paid, federal "fat farm" for Ken. This may be the first time Lay ever saved anyone else any money.

Rumple Foreskin

 

[Salvor-Hardon]

Wow..... talk about karma being a bitch!

 

[R. Richard]

HOUSTON (Reuters) - Enron Corp. founder Ken Lay, who was convicted last month of fraud and conspiracy for his part in the Houston-based company's collapse into bankruptcy in 2001, has died of a heart attack at his vacation home in Colorado, a Houston television station reported on Wednesday.
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KHOU-TV, a CBS affiliate, said Lay suffered a massive heart attack. He was awaiting sentencing later this year and was expected to face a lengthy prison term for his convictions in the Enron collapse.

Just a cheap legal trick to avoid prison time!

 

[Guest]

Wow..... talk about karma being a bitch!

That was my exact thought.

 

[Guest]

 

[Guest]

I had all of those same thoughts.

Plus another - There will be many angry families out there who wanted him to suffer in prison.

AND another - I need more coffee.

 

[rgraham666]

I'm thinking along the karma lines myself.

The paranoiac in me is thinking this is a suspiciously well timed heart attack, considering the close ties between Mr. Lay and the current administration.

I'm joking, mostly.

 

[SEVERUSMAX]

Oh, thank you, Zeus! I knew that you still struck evil men dead. Glad to see that you're not retired.

 

[Guest]

I'm thinking along the karma lines myself.

The paranoiac in me is thinking this is a suspiciously well timed heart attack, considering the close ties between Mr. Lay and the current administration.

I'm joking, mostly.

Mostly.

AP - 13 minutes ago
HOUSTON - Enron Corp. founder Kenneth Lay, who was convicted of helping perpetuate one of the most sprawling business frauds in U.S. history, has died. He was 64. Nicknamed "Kenny Boy" by President Bush, Lay led Enron's meteoric rise from a staid natural gas pipeline company formed by a 1985 merger to an energy and trading conglomerate that reached No. 7 on the Fortune 500 in 2000 and claimed $101 billion in annual revenues.

 

[Guest]

 

[Guest]

Am I reading this through my eyes or through yours?

Shhhhh.

Have more coffee.

 

[rgraham666]

Another part of me is thinking, "Yes, the top of your head missing is a symptom of a heart attack."

The rich and powerful never weaken in the face of adversity after all.

 

[Guest]

 

[neonlyte]

And meanwhile... the regulators get off.

It is worth bearing in mind Enron exploited financial loopholes the regulators (USA/UK and elsewhere) chose not to close. If you show a man an open door the temptation is to push against it - greed made them push too hard with the inevitable result. Crime requires motivation and opportunity. Enron had the motivation, the regulators gave them the opportunity.

Reason is simple enough - if you're going to give $6million declared to political parties, you need to generate a bunch of money. Off-shore companies and joint-ventures (both regulatory loop-holes) produced windfall profits - in the good times, but the nature of their structuring leaves little leeway when things go bad, massive losses can appear almost overnight. The criminal acts (phantom barge sales etc) are normal in any large organisation, most have theft of one description or another equating to about 1% of turnover. In a company that grew as rapidly as Enron (15 years to become 7th largest US Corp.) it is virtually impossible to eliminate 'opportunistic theft'. The insider trading element of Enron is also a regulatory problem - eliminate director stock options, eliminate a substantial temptation for insider trading.

Kenneth Lay was out of his depth, regrettably for him - and very few others - he's discovered mortality has a neat way of levelling things.

 

[Selena_Kitt]

that's... shocking...

karmically shocking... sheesh...

couldn't have written that one with more poetic justice...

and of course, if this was fiction, the conspiracy theory would turn out to be true...

who knows??

 

[Bizkit_Writer]

http://news.yahoo.com/s/nm/20060705/ts_nm/enron_lay_dc


Wow. Just caught this headline.



HOUSTON (Reuters) - Enron Corp. founder Ken Lay, who was convicted last month of fraud and conspiracy for his part in the Houston-based company's collapse into bankruptcy in 2001, has died of a heart attack at his vacation home in Colorado, a Houston television station reported on Wednesday.
ADVERTISEMENT

KHOU-TV, a CBS affiliate, said Lay suffered a massive heart attack. He was awaiting sentencing later this year and was expected to face a lengthy prison term for his convictions in the Enron collapse.

He probably made himself have a heart attack to just get out of going to prison that rat!

 

[Wildcard Ky]

Call me the party pooper, but I think it's a bit crude to revil in, or make fun of someone's death, regardless of what you think of them.

Someone lost their husband, someone lost their father. Let the dead go respectfully on their way.

 

[hotchkiss]

Why? He didn't give a rats arse for anyone else on the planet so let us mere minions have a little pleasure knowing he isnt gonna get to spend all that money on himself.

Besides its probably a stunt body while the real Mr Enron slips off to spend the rest of his days in luxury on that fabled desert island with Jimmie Dean, Elvis, Lord Lucan and the other MIAs.

 

[3113]

You know someone out there is going, "Whew! He's not going to be around to embarass us during the elections."

True Karma would be giving all the money he made back to the people he stole it from.

 

[Liar]

If anyone on the panet is due for a heart attack, it's someone like Ken Lay. (and I'm talking medically and not morally) A not-exactly-young corporate fatcat living it large in an ivory tower of corruption, who took a nosedive into the epitome of infamy and ridicule, not to mention facing a significanty part of the rest of his life behind bars.

Stressful? Naah.

 

[minsue]

Call me the party pooper, but I think it's a bit crude to revil in, or make fun of someone's death, regardless of what you think of them.

Someone lost their husband, someone lost their father. Let the dead go respectfully on their way.

Indeed.

 

[hotchkiss]

Tee Hee

 

[cheerful_deviant]

Call me the party pooper, but I think it's a bit crude to revil in, or make fun of someone's death, regardless of what you think of them.

Someone lost their husband, someone lost their father. Let the dead go respectfully on their way.

Sorry WK, but you'll find no sympathy for that man or his family here. He was the dirtiest of the dirty and his family continues to live to good life off his fortune while he cost thousands of working families their life savings. When I see his family living in a little 1500 square foot home and his wife still working at 72 years old because she doesn't have any money for retirement I'll feel some sympathy.

My first thought was 'Good, at least the tax payers won't have to pay to keep the dirtbag alive and playing tennis at Club Fed.'

 

[dr_mabeuse]

I didn't know he had a heart. I thought he ran on aluminum foil and battery acid, like Dick Cheney.