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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (46395)1/14/2002 11:57:33 PM
From: stockman_scott  Read Replies (1) of 65232
 
How will Ken Lay be remembered..?

<<...In 1992 India & Enron began to build an electric plant known as Dhobal Power Company. By 1995 they had so screwed up relations with India that the Clinton administration was forced to try to smooth feelings to prevent the collapse of all India/U.S. trade negotiations. By 1998, villagers protesting pollution and water use at the Enron plant were beaten by police and Enron security staff. Enron is the only company (as opposed to Government) to be the subject of an Amnesty International report...>>

washington-report.org

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I feel that Ken Lay may be viewed as 'the Ivan Boesky of Corporate America'...I believe he was SO FOCUSSED on making money and increasing his power that he forgot about what was really important in this world. While he's been captain of the Enron supertanker A LOT of unfortunate things have happened to a wide range of stakeholders. If its proven that he's guilty of insider trading and/or intent to commit fraud then I feel he should be forced to pay back ALL OF THE MONEY HE RECEIVED FROM HIS ILLEGAL STOCK OPTION TRANSACTIONS (north of $100 Million)...If he doesn't have the money available then he should be forced to liquidate the majority of his assets....On top of that he should go to prison for a long time so that he can think about what he's really done...Who knows, he might even be joined by Enron's former President and CFO...=)
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