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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (7229)	5/28/2001 9:54:18 PM
From: Mark Fowler	of 57684

Kenneth Lay's solution is to keep raising prices during an economic slow down to could get much worse. And why not, the land of milk and honey can afford it?? Time to fight back Calif.! Energy executive Kenneth Lay, head of powerful Enron Corp., quietly courted Arnold Schwarzenegger, Richard Riordan, Michael Milken and other luminaries this week in Beverly Hills to drum up support for his solution to California's energy crisis. His prescription called for more rate increases, an end to state and federal investigations and less rather than more regulation. Lay, a close friend of President Bush and one of his largest campaign contributors, hosted a private 90-minute meeting in a conference room at the Peninsula Hotel in Beverly Hills on Thursday. Among the participants were Milken, the former head of the Drexel Burnham Lambert investment banking firm who pleaded guilty to fraud charges in 1990 and who now runs a think tank based in Santa Monica; movie star Schwarzenegger; sfgate.com

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