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Monday, November 15, 2010

Kenneth Lay





In 2001, this American businessman and his fraudulent fellows contributed the word "Enron" to a trash heap of business-names-turned-curse-words that features such gems as Exxon, Phillip Morris and most recently BP. Lay drove the energy company deep into debt in the late 90's and early 2000's, paying a lot of corrupt finance employees to keep that issue from the company's shareholders. It's estimated that his antics cost Enron stock holders and customers billions of dollars; thousands lost their job as well as their life savings when the scandal came out. Despite all this, only 18 months prior, he was being considered for Bush's Treasury Secretary. Bad luck, Kenny! If only you'd gotten THAT job, nobody would've pestered you with any of that “personal accountability” jazz.

Highlights:

-Lay's death has spawned conspiracy theories. Between conviction and sentence (he would have been given as much as 45 years plus monetary penalties), he died in Middle Of Nowhere, Colorado, of a “heart attack” and was promptly cremated. His case's abatement meant that his estate has not borne a shred of financial responsibility for his actions. Sherlock Holmes wouldn't have had much trouble with this one...

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