BROKEN_LADDER
A DINGO ATE MY ZOGBY
Registered: Mar 2005
Location: SEATTLE
Posts: 1932 |
Ken Lays down
KEN LAY DIES OF HEART ATTACK
Wednesday, July 05, 2006
Kenneth Lay, the man most identified with the biggest business failure in US history, and one of the most controversial business leaders ever, is dead. The 64-year-old apparently suffered a massive heart attack. Ken Lay`s death after a massive heart attack Wednesday morning marks the end of a life that included fame and fortune, but also a conviction as one of the most notorious corporate criminals in US history.
Once considered one of the most powerful men in corporate America, at the peak of his success Lay had access to some of the most powerful leaders in the world. Enron, the company he founded, grew to the 7th largest in the US, but ultimately collapsed in 2001, leaving employees and stockholders broke, many who thought they would retire millionaires.
Government investigators said Lay and his partner Jeffrey Skilling were the masterminds of an elaborate accounting scheme to prop up the dying business and drain millions of dollars for their own personal gain. Lay maintained his innocence even after a guilty verdict last May, and awaiting sentencing that likely would have resulted in Lay spending the rest of his life in a federal prison. Those closest to him say he was at peace with whatever might happen next. That future will never be fulfilled. Ken Lay, dead at age 64. There has been no public comment from Lay`s family today. The Skilling family when told of the news would only say, "We loved him."
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TAXATION = THEFT
GOVERNMENT = MAFIA
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