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Encyclopedia > Kenneth Lay
Kenneth Lay
Born April 15, 1942
Flag of the United States Tyrone, Missouri, USA
Died July 5, 2006 (aged 64)
Flag of the United States Old Snowmass, Colorado, USA
Conviction(s) fraud, false statement
Penalty died before sentencing, conviction vacated
Status died of a heart attack before his sentencing
Occupation businessman

Kenneth Lee "Ken" Lay (April 15, 1942July 5, 2006) was an American businessman, best known for his role in the widely-reported corruption scandal that led to the downfall of Enron Corporation. Lay and Enron became synonymous with corporate abuse and accounting fraud when the scandal broke in 2001. Lay was the CEO and chairman of Enron from 1986 until his resignation on January 23, 2002, except for a few months in 2001 when he was chairman and Jeffrey Skilling was CEO. Image File history File links Ken_lay_enron. ... is the 105th day of the year (106th in leap years) in the Gregorian calendar. ... Year 1942 (MCMXLII) was a common year starting on Thursday (the link will display the full 1942 calendar) of the Gregorian calendar. ... Image File history File links This is a lossless scalable vector image. ... Official language(s) English Capital Jefferson City Largest city Kansas City Largest metro area St Louis[1] Area  Ranked 21st  - Total 69,709 sq mi (180,693 km²)  - Width 240 miles (385 km)  - Length 300 miles (480 km)  - % water 1. ... is the 186th day of the year (187th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Image File history File links This is a lossless scalable vector image. ... Snowmass (sometimes known locally as Old Snowmass) is an unincorporated community in Pitkin County, Colorado. ... Official language(s) English Capital Denver Largest city Denver Largest metro area Denver-Aurora Metro Area Area  Ranked 8th  - Total 104,185 sq mi (269,837 km²)  - Width 280 miles (451 km)  - Length 380 miles (612 km)  - % water 0. ... This article is being considered for deletion in accordance with Wikipedias deletion policy. ... In law, a sentence forms the final act of a judge-ruled process, and also the symbolic principal act connected to his function. ... is the 105th day of the year (106th in leap years) in the Gregorian calendar. ... Year 1942 (MCMXLII) was a common year starting on Thursday (the link will display the full 1942 calendar) of the Gregorian calendar. ... is the 186th day of the year (187th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A businessman (sometimes businesswoman, female; or businessperson, gender neutral) is a generic term for a wide range of people engaged in profit-oriented enterprises, generally the management of a company. ... Enron Creditors Recovery Corporation (formerly Enron Corporation) (former NYSE ticker symbol: ENE) was an American energy company based in Houston, Texas. ... Corporate abuse refers to incidents that involve unethical behavior on behalf of a corporation; a case of corporate abuse may be a scandal, fraud, or negligence toward the corporations employees and/or the local community. ... Accounting scandals, or corporate accounting scandals are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. ... is the 23rd day of the year in the Gregorian calendar. ... Also see: 2002 (number). ... Jeffrey Keith Jeff Skilling (born November 25, 1953) was the CEO of Enron Corporation in 2001. ...


On July 7, 2004, Lay was indicted by a grand jury on 11 counts of securities fraud and related charges.[1] On January 31, 2006, following four and a half years of preparation by government prosecutors, Lay's and Skilling's trial began in Houston. Lay was found guilty on May 25, 2006, of 10 counts against him; the judge dismissed the 11th. Because each count carried a maximum 5- to 10-year sentence, legal experts said Lay could have faced 20 to 30 years in prison.[2] However, he died while vacationing in Snowmass, Colorado on July 5, 2006, about three and a half months before his scheduled October 23 sentencing.[3] Preliminary autopsy reports state that he died of a heart attack caused by coronary artery disease. As a result of his death, on October 17, 2006 the federal district court judge who presided over the case vacated Lay's conviction.[4] is the 188th day of the year (189th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... In the common law legal system, an indictment is a formal charge of having committed a serious criminal offense. ... In the American common law legal system, a grand jury is a type of jury which determines if there is enough evidence for a trial. ... is the 31st day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Kenneth Lay Jeffrey Skilling The trial of Kenneth Lay, former chairman and CEO of Enron, and Jeffrey Skilling, former CEO and COO, was presided over by federal district court Judge Sim Lake in 2006 in response to the Enron scandal. ... “Houston” redirects here. ... is the 145th day of the year (146th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Snowmass (sometimes known locally as Old Snowmass) is an unincorporated community in Pitkin County, Colorado. ... Official language(s) English Capital Denver Largest city Denver Largest metro area Denver-Aurora Metro Area Area  Ranked 8th  - Total 104,185 sq mi (269,837 km²)  - Width 280 miles (451 km)  - Length 380 miles (612 km)  - % water 0. ... is the 186th day of the year (187th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Acute myocardial infarction (AMI or MI), more commonly known as a heart attack, is a disease state that occurs when the blood supply to a part of the heart is interrupted. ... Coronary heart disease (CHD), also called coronary artery disease (CAD) and atherosclerotic heart disease, is the end result of the accumulation of atheromatous plaques within the walls of the arteries that supply the myocardium (the muscle of the heart). ... is the 290th day of the year (291st in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

Contents

Early life and career

Kenneth Lay was born into a poor family in Tyrone, Missouri. When he was a child Ken delivered newspapers and mowed lawns. His father, Omer, was a Baptist preacher and some-time tractor salesman. Early on he moved to Columbia, Missouri and attended David H. Hickman High School and the University of Missouri where he studied economics. He served as president of the Zeta Phi chapter of the Beta Theta Pi fraternity at the University of Missouri. He obtained his doctorate in economics at University of Houston in 1970 and went to work at Exxon Mobil Corp. predecessor Humble Oil & Refining upon graduation. Nickname: Location in the state of Missouri Coordinates: Country United States State Missouri County Boone Government  - Mayor Darwin Hindman Area  - City  59 sq mi (138. ... David Henry Hickman High School is a public high school located in Columbia, Missouri. ... The University of Missouri–Columbia is a public land-grant university and is Missouris largest university and public research institution. ... This article is being considered for deletion in accordance with Wikipedias deletion policy. ... Beta Theta Pi (ΒΘΠ) is a social collegiate fraternity that was founded at Miami University in Oxford, Ohio, USA, where it is part of the Miami Triad which includes Phi Delta Theta and Sigma Chi. ... Face-to-face trading interactions on the New York Stock Exchange trading floor. ... University of Houston redirects here. ...


Lay worked in the early ‘70s as a federal energy regulator. He then became undersecretary for the Department of the Interior before he returned to the business world as an executive at Florida Gas. By the time of the Reagan administration, when energy was deregulated, Lay was already an energy company executive and he took advantage of the new climate when Omaha-based Internorth bought his company Houston Natural Gas and changed the name to Enron in 1985. The much larger, better capitalized and more diversified Internorth was then used as an asset to propel his efforts at Enron. Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. ... Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was the 40th President of the United States (1981–1989) and the 33rd Governor of California (1967–1975). ...


Lay was one of America's highest-paid CEOs, earning (for example) a $42.4 million compensation package in 1999.[5] In December 2000, Lay was mentioned as a possible candidate for President Bush's Treasury secretary along with J.P. Morgan & Co. head Douglas A. Warner III and a few others.[6] Lay dumped large amounts of his Enron stock in September and October of 2001 as its price fell, while encouraging employees to buy more stock, telling them the company would rebound. Lay liquidated more than $300 million in Enron stock from 1989 to 2001, mostly in stock options. As the scandal unfolded, Lay insisted he wanted to "tell his story." But then he reneged on a promise to testify to Congress, taking the fifth instead. [7] Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... George Walker Bush (born July 6, 1946) is the 43rd and current President of the United States, inaugurated on January 20, 2001. ... J.P. Morgan Chase & Co. ... Douglas Sandy Warner (born June 9, 1946 as Douglas Alexander Warner III but widely known as Sandy) is a American banker who joined Morgan Guaranty Trust Company of New York out of college in 1968 as an officers assistant and rose through the ranks to become chairman of the... For other uses, see Stock (disambiguation). ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Liquidation, or winding up, refers to a business whose assets are converted to money in order to pay off debt. ... Main article: Option A stock option is a specific type of option that uses the stock itself as an underlying instrument to determine the options pay-off (and therefore its value). ...


Lay had been married to his second wife and former secretary, Linda, for 22 years and had two children, three step-children and twelve grandchildren.


Articles by Ken Lay

Indictment and trial

On July 7, 2004, Lay was indicted by a grand jury in Houston, Texas, for his role in Enron's collapse. Lay was charged, in a 65-page indictment, with 11 counts of securities fraud, wire fraud, and making false and misleading statements. The trial commenced on January 30, 2006, in Houston, despite repeated protests from defense attorneys calling for a change of venue on the grounds that "it was impossible to get a fair trial in Houston – the epicenter of Enron's collapse. Enron's bankruptcy, the biggest in U.S. history when it was filed in December 2001, cost 20,000 employees their jobs and many of them their life savings. Investors lost billions."[2] is the 188th day of the year (189th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... In the American common law legal system, a grand jury is a type of jury which determines if there is enough evidence for a trial. ... “Houston” redirects here. ... Official language(s) No official language See languages of Texas Capital Austin Largest city Houston Largest metro area Dallas–Fort Worth–Arlington Area  Ranked 2nd  - Total 261,797 sq mi (678,051 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ... For a discussion of the legal actions for securities fraud in the United States under the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, see the Wiki entry for the Private Securities Litigation Reform Act. ... Wire fraud is a legal concept in the United States Code which provides for enhanced penalty of any criminally fraudulent activity if it is determined that the activity involved electronic communications of any sort, at any phase of the event. ... Kenneth Lay Jeffrey Skilling The trial of Kenneth Lay, former chairman and CEO of Enron, and Jeffrey Skilling, former CEO and COO, was presided over by federal district court Judge Sim Lake in 2006 in response to the Enron scandal. ... is the 30th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A change of venue is the legal term for moving a trial to a new location. ... Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, put into administration—see text) in the United Kingdom. ...


During his trial, Lay claimed that in 2001 Enron stock made up about 90 percent of his wealth, and that his current net worth (in 2006) was in the negative by $250,000. He insisted that Enron's collapse was due to a "conspiracy" waged by short sellers, rogue executives, and the news media.[8] It was reported that Lay's congenial reputation took a blow as he appeared confrontational and irritable at several points during his testimony.[2] On May 25, 2006, Lay was found guilty on all six counts of conspiracy and fraud by a jury of eight women and four men. In a separate bench trial, Judge Lake ruled Lay was guilty of four counts of fraud and false statements. Sentencing was scheduled to take place on 11 September 2006, but was later rescheduled for 23 October 2006.[9] is the 145th day of the year (146th in leap years) in the Gregorian calendar. ... is the 254th day of the year (255th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 296th day of the year (297th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


A number of books have been written on Lay and Enron including Conspiracy of Fools (2005), Icarus in the Boardroom, The Tao of Enron: Spiritual Lessons from a Fortune 500 Fallout (2002), The Smartest Guys in the Room (2003), 24 Days, and Power Failure. The Smartest Guys in the Room was adapted into a documentary film titled Enron: The Smartest Guys in the Room, released in 2005. Conspiracy of Fools is a book by Kurt Eichenwald detailing the Enron scandal. ... Documentary film is a broad category of visual expression that is based on the attempt, in one fashion or another, to document reality. ...


Death

While vacationing in Colorado on July 5, 2006, Kenneth Lay died. The Pitkin Sheriffs Department confirmed that officers were called to Lay's house in Old Snowmass, Colorado, near Aspen at 1:41 AM MDT. Lay was taken to Aspen Valley Hospital, where he was pronounced dead at 3:11 AM MDT. Autopsies indicate that he died of a heart attack brought on by coronary artery disease, and found evidence that he had suffered a previous heart attack.[3] Official language(s) English Capital Denver Largest city Denver Largest metro area Denver-Aurora Metro Area Area  Ranked 8th  - Total 104,185 sq mi (269,837 km²)  - Width 280 miles (451 km)  - Length 380 miles (612 km)  - % water 0. ... is the 186th day of the year (187th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Pitkin is a town located in Gunnison County, Colorado. ... Snowmass (sometimes known locally as Old Snowmass) is an unincorporated community in Pitkin County, Colorado. ... View south along Galena Street in downtown Aspen. ... Mountain Standard Time (MST) is UTC-7, Mountain Daylight Time (MDT) is UTC-6 The Mountain Time Zone of North America keeps time by subtracting seven hours from Coordinated Universal Time (UTC-7) during the shortest days of autumn and winter, and by subtracting six hours during daylight saving time... Acute myocardial infarction (AMI or MI), more commonly known as a heart attack, is a disease state that occurs when the blood supply to a part of the heart is interrupted. ... Coronary heart disease (CHD), also called coronary artery disease (CAD) and atherosclerotic heart disease, is the end result of the accumulation of atheromatous plaques within the walls of the arteries that supply the myocardium (the muscle of the heart). ...


According to some individuals, a popular conception is that the stress of trial and probable incarceration contributed to or exacerbated Lay's heart disease, resulting in his death; however, there is no citation for this "popular conception". Some individuals also claim that there is no medical basis for this speculation as Lay's case does not fit the profile of acute stress (such as death from extreme reaction to, for example, hearing the verdict) or long-term stress (which takes a decade or more to develop). University of Miami cardiologist Robert Myerburg has said that Lay's death does not fit either the short-term or long-term pattern of stress as a contributor to heart disease.[10] Forensic pathologist Robert Kurtzman's autopsy report, released July 19, 2006 found a pair of stents, evidence of treatment for prior heart attacks and "showed that three of Lay's arteries were 90 percent blocked."[11] This article is about the university in Coral Gables, Florida. ... is the 200th day of the year (201st in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... In medicine, a stent is an expandable wire mesh tube that is inserted into a hollow structure of the body to keep it open. ...


A private funeral with around 200 in attendance was held in Aspen four days after his death, his body cremated and the ashes buried in a secret location in the mountains.[12][13][14] A memorial was held a week after his death at the First United Methodist Church in Houston, attended by nearly 1,200 guests including former president George H. W. Bush, who did not speak.[15] The speakers who touched on Lay's conviction were unanimous in their defense of Lay; former Enron President and "longtime friend" Mick Seidl spoke, describing Lay as a "straight arrow — a Boy Scout, if you will — who lived by Christian-Judeo principles," adding "I am saddened he will be remembered for the Enron indictment and trial," and "An overzealous federal prosecutor and the media have vilified a good man. It was total character assassination."[12] Reverend William A. Lawson, "a veteran local civil rights leader with whom Lay worked during Enron's heyday to support projects in Houston's black community", said "Ken Lay was neither black nor poor, but he was a victim of a lynching".[citation needed] For other uses, see Funeral (disambiguation). ... Cremation is the practice of disposing of a corpse by burning. ... First United Methodist Church is a common name for United Methodist churches throughout the English speaking world. ... George Herbert Walker Bush (born June 12, 1924) was the 41st President of the United States, serving from 1989 to 1993. ... Polish Boy Scouts fighting in the Warsaw Uprising Boy Scouts originally denoted the organization that developed and rapidly grew up during 1908 in the wake of the publication by Lord Robert Baden-Powell of his book Scouting for Boys. ... Jacob wrestling an angel, by Gustave Doré (1832-1883), a shared Judeo-Christian story. ... Civil rights or positive rights are those legal rights retained by citizens and protected by the government. ... Lynching is a form of violence, usually execution, conceived of by its perpetrators as extrajudicial punishment for offenders or as a terrorist method of enforcing social domination. ...


Abatement of conviction

On October 17, 2006, since Lay died prior to exhausting his appeals, his conviction was abated.[16][17] Precedent in the Fifth Circuit Court of Appeals, the federal appellate court governing the district where Lay was indicted,[18] indicates that abatement had to be automatically granted. When abatement occurs, the law views it as though he had never been indicted, tried and convicted.[19][3] The government opposed Lay's attorneys' motion for abatement, and the Department of Justice issued a statement that it "remains committed to pursuing all available legal remedies and to reclaim for victims the proceeds of crimes committed by Ken Lay."[20][21] Civil suits are expected to continue against Lay's estate. However, according to a legal expert, claimants may not seek punitive damages against a deceased defendant, only compensatory damages.[22] Abatement in pleading, or plea in abatement was a plea by the defendant, defeating or quashing a legal action by some matter of fact, such as a defect in form or the personal incompetency of the parties suing. ... The United States Court of Appeals for the Fifth Circuit is a federal court with appellate jurisdiction over the district courts in the following districts: Eastern District of Louisiana Middle District of Louisiana Western District of Louisiana Northern District of Mississippi Southern District of Mississippi Eastern District of Texas Northern... In law, damages refers to the money paid or awarded to a claimant (as it is known in the UK) or plaintiff (in the US) following their successful claim in a civil action. ... In law, damages refers to the money paid or awarded to a claimant (as it is known in the UK) or plaintiff (in the US) following their successful claim in a civil action. ...


Timeline of events

Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), headquartered in Irving, Texas, is an oil producer and distributor formed on November 30, 1999, by the merger of Exxon and Mobil. ... The George Washington University (GW), is a private, coeducational university located in the Foggy Bottom neighborhood of Washington, D.C. The school was founded in 1821 as The Columbian College in the District of Columbia by Baptist ministers using funds bequeathed by George Washington. ... This article needs cleanup. ... The United States Department of the Interior (DOI) is a Cabinet department of the United States government that manages and conserves most federally owned land. ... A Chief Operating Officer (COO) is a corporate officer responsible for managing the day-to-day activities of the corporation. ... National Grid plc is a United Kingdom based utilities company which also operates in other countries, principally in the United States. ... “Chief executive” redirects here. ... This article needs to be wikified. ... Enron Creditors Recovery Corporation (formerly Enron Corporation) (former NYSE ticker symbol: ENE) was an American energy company based in Houston, Texas. ... InterNorth Inc. ... G-8 work session; July 20-22, 2002. ... The 1992 National Convention of the Republican Party of the United States was held in the Astrodome in Houston, Texas, from August 17 to August 20, 1992. ... Houston redirects here. ... Sheila Jackson-Lee (born January 12, 1950 in Queens, New York), an American politician, has been a Democratic member of the United States House of Representatives since 1995. ... Craig Anthony Washington (October 12, 1941-), an African-American congressman in the United States House of Representatives from Texas; born in Longview, Gregg County, Texas, October 12, 1941. ... George Walker Bush (born July 6, 1946) is the 43rd and current President of the United States, inaugurated on January 20, 2001. ... Jeffrey Keith Jeff Skilling (born November 25, 1953) was the CEO of Enron Corporation in 2001. ... View south along Galena Street in downtown Aspen. ...

Awards and honors

  • Anti-Defamation League – Torch of Liberty Award
  • Beta Theta Pi (Zeta Phi Chapter) – Wall of Fame
  • Brunel University (London) – Honorary Doctor of Social Sciences
  • Child Advocates – Super Hero Honoree Award
  • Episcopal High School – Campaign Fundraiser Award
  • Gas Daily – Man of the Year Award
  • Horatio Alger Association of Distinguished Americans – Annual Membership Award
  • Houston Area Women’s Center – Honoree
  • Houston Children’s Chorus – Honoree
  • Houston Community Partners – Father of The Year
  • Kenneth Lay Day – Proclaimed by Kathryn J. Whitmire, Mayor of Houston, Texas
  • Kiwanis Club of Houston and the Greater Houston Partnership – International Executive of the Year
  • March of Dimes – Award of Distinction
  • NAACP Freedom Fund Banquet – Mickey Leland Humanitarian Award
  • National Conference of Christians and Jews – Brotherhood Award
  • Oswego State University – Honorary Doctor of Humane Letters Degree
  • Phi Beta Kappa – Outstanding Alumnus Award
  • Private Sector Council – Annual Leadership Award
  • Stanford Business School Alumni Associations – Houston Business Man of the Year
  • Texans For Lawsuit Reform – Award
  • Texas Association of Minority Business Enterprises – Texas Corporate Partnering Award
  • Texas Business Hall of Fame – Inductee
  • Texas Navy Admiral – Commissioned by William P. Clements, Jr., Governor of Texas
  • Texas Society To Prevent Blindness – Man of Vision Award
  • The Brookwood Community – Honoree Award
  • The Rotary Club of Houston – Distinguished Citizen Award
  • The Wall Street Transcript – Chief Executive Officer Award
  • United States Energy Association – United States Energy Award
  • U.S. Navy – Navy Commendation Medal & National Defense Service Medal
  • University of Colorado, College of Business and Administration – Ben K. Miller Memorial, International Business Award
  • University of Houston – Distinguished Alumnus Award
  • University of Houston System – Honorary Doctor of Humane Letters Degree
  • University of Missouri – Honorary Doctor of Law Degree; The Hebert J. Davenport Society Benefactor Award
  • Volunteer Houston – Honoree Award

The Anti-Defamation League (or ADL) is an advocacy group founded by Bnai Brith in the United States whose stated aim is to stop, by appeals to reason and conscience and, if necessary, by appeals to law, the defamation of the Jewish people. ... Beta Theta Pi (ΒΘΠ) is a social collegiate fraternity that was founded at Miami University in Oxford, Ohio, USA, where it is part of the Miami Triad which includes Phi Delta Theta and Sigma Chi. ... This article is being considered for deletion in accordance with Wikipedias deletion policy. ... Brunel University is a university situated in West London, England. ... The Horatio Alger Association of Distinguished Americans was founded in 1947 Its mission is honoring the achievements of outstanding individuals in American society who have succeeded in spite of adversity and of encouraging young people to pursue their dreams through higher education. ... Kiwanis International is a service organization whose mission is Serving the Children of the World. The organization was founded on January 21, 1915 in Detroit, Michigan and is now based in Indianapolis, Indiana. ... March of Dimes official logo March of Dimes is the name of health charities in both the United States and Canada. ... The Phi Beta Kappa Society is an honor society which considers its mission to be fostering and recognizing excellence in undergraduate liberal arts and sciences. ... Stanford Graduate School of Business, also known as Stanford Business School or Stanford GSB, is one of the top business schools in the world, and part of Stanford University. ... Logo of Rotary International Rotary International is an organisation whose members comprise Rotary Clubs (service clubs) located all over the world. ... The United States Navy (USN) is the branch of the United States armed forces responsible for naval operations. ... The University of Colorado at Boulder (CU-Boulder, UCB officially[3]; Colorado and CU colloquially) is the flagship university of the University of Colorado System in Boulder, Colorado. ... University of Houston redirects here. ... The University of Missouri System is the designated public research and land-grant university system of the state of Missouri. ...

Trivia

  • The Ken Lay YMCA in Cinco Ranch in unincorporated Harris County, Texas was named after Ken Lay. Following the collapse of Enron and Lay's subsequent accusations of fraud and questionable accounting tactics, the name outside the building was made 70% smaller. Lay later asked for his name to be removed from the YMCA in June 2006. The YMCA is, as of 2006, called the "Katy Family YMCA" after the city of Katy.
  • Ken Lay and Enron were given "special thanks" in the tongue-in-cheek credits of the 2005 film Fun with Dick and Jane along with other corporations or persons who were responsible or involved in some of the greatest financial collapses in American business history.

Image File history File links Broom_icon. ... Not to be confused with YWCA. This article is about the association. ... Cinco Ranch is a census-designated place and master-planned, unincorporated community located in the extraterritorial jurisdiction of Houston within Fort Bend County and Harris County, Texas. ... Harris County is a county located in the U.S. state of Texas within the Houston–Sugar Land–Baytown metropolitan area. ... Official language(s) No official language See languages of Texas Capital Austin Largest city Houston Largest metro area Dallas–Fort Worth–Arlington Area  Ranked 2nd  - Total 261,797 sq mi (678,051 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ... Katy is a city located in the U.S. state of Texas within the Houston–Sugar Land–Baytown metropolitan area. ... Sarcasm is the making of remarks intended to mock the person referred to (who is normally the person addressed), a situation or thing. ... Fun with Dick and Jane is a 2005 comedy film, and remake of the 1977 film of the same name. ...

See also

// In 1996, turnaround specialist Al Dunlap (“Chainsaw Al”, because of his fondness for firings) was hired to resurrect Sunbeam Corporation, an appliance maker in deep trouble. ... Timeline of the Enron scandal: // CFO Andrew Fastow begins committing crimes by creating off-book entities for personal enrichment [1] Andrew Fastow creates Chewco in an effort to hide debt and inflate profits but Chewco doesnt meet requirements to keep it off Enrons balance sheet. ...

References

  1. ^ Crawford, Kristen (2004-7-12). Lay surrenders to authorities. CNN Money. Retrieved on 2006-05-25.
  2. ^ a b c Pasha, Shaheen and Jessica Seid (2006-05-25). Lay and Skilling's day of reckoning. CNN Money. Retrieved on 2006-05-25.
  3. ^ a b c Death Puts Lay Conviction in Doubt. Los Angeles Times (July 6, 2006). Retrieved on 2006-06-06.
  4. ^ Lozano, Juan A.. "Judge vacates conviction of Ken Lay", Associated Press, 17 October 2006. 
  5. ^ Kenneth Lay: Bush Pioneer. Texans for Public Justice. Retrieved on 2006-06-07.
  6. ^ OsterDowJones. (Dec. 14, 2000) Who will Bush pick to run Treasury?
  7. ^ Dan Ackman, "Lay Lays an Egg". Forbes.com, Feb. 2, 2002.
  8. ^ Jeremy W. Peters and Simon Romero (5 July 2006). Enron Founder Dies Before Sentencing. The New York Times. Retrieved on 2006-06-06.
  9. ^ Enron founder Ken Lay dies (5 July 2006).
  10. ^ Enron's Ken Lay Dies, Was It Stress?. WebMD.
  11. ^ "Autopsy of Enron's Lay shows severe artery blockage." Reuters, July 19, 2006
  12. ^ a b Moreno, Sylvia (July 13, 2006). Lay Is Remembered As a 'Straight Arrow'. The Washington Post. Retrieved on 2006-13-07.
  13. ^ Lay victim of `lynching,' speaker at service says. The Chicago Tribune (July 13, 2006). Retrieved on 2006-13-07.
  14. ^ Ken Lay's memorial attracts power elite. CNN (July 12, 2006). Retrieved on 2006-13-07.
  15. ^ Enron's Kenneth Lay Defended at His Memorial Service. Bloomberg (July 12, 2006). Retrieved on 2007-07-09.
  16. ^ Judge Vacates Conviction. The New York Times (October 17, 2006). Retrieved on 2006-10-17.
  17. ^ Experts See Lay's Death Erasing Conviction. The New York Times (July 7, 2006). Retrieved on 2006-06-07.
  18. ^ See United States v. AssetPDF (37.1 KiB), 990 F.2d 208 (5th Cir. 1993); United States v. Estate of ParsonsPDF (146 KiB), 367 F.3d 409 (5th Cir. 2004).
  19. ^ Can't the Feds Get Lay's Money? Slate, as corrected July 7, 2006.
  20. ^ Hays, Kristen (August 16, 2006). Prosecutors to oppose wiping Lay's record clean. Chicago Sun-Times. Retrieved on 2006-08-16.
  21. ^ Associated Press (August 16, 2005). Prosecutors will oppose clearing Lay's record, filing says. USA today. Retrieved on 2006-10-10.
  22. ^ Enron founder Ken Lay dies. CNN.com (July 5, 2006). Retrieved on 2006-06-06.

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External links

  • Ken Lay's official site
  • US v. Skilling and Lay, indictment document (2.3MB PDF).
  • Autopsy of Enron's Lay shows severe artery blockage
  • Film documentary: The Smartest Guys in the Room
  • Calling Inquiries a Distraction, Enron Chief Quits Under Pressure, The New York Times, January 24, 2002
  • Ken Lay at the Notable Names Database
  • Ken Lay's political donations
  • Alternative History: Treasury Secretary Ken Lay
  • CNN Money: Jury selected in Lay's trial
  • Ken Lay's Political Campaign Contributions
  • Some charges dropped, Enron prosecution rests
  • MSNBC: Lay, Skilling guilty in Enron Scandal
  • Enron's Founder Kenneth Lay, 64, Dies in Colorado
  • Washington Post: Ken Lay's death prompts confusion on Wikipedia
  • No Redemption Now: Thoughts on the Death of Ken Lay, JURIST
  • The Times, Obituary
  • Mises Economics Blog, Is Ken Lay A Criminal? By William Anderson
  • Bloomberg.com, Ken Lay Died an Innocent Man, Believe It or Not
  • www.KenLayIsAlive.org, website created to mock Ken Lay


 

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