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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Thomas A Watson who wrote (219936)	1/18/2002 5:47:50 PM
From: Arthur Radley	Read Replies (1) \| Respond to of 769669

Where have you been....". Lay may be guilty of some bad stuff but dumping shares is not one of them moron. " What this sleeze bag was doing was screwing the employees and shareholders. You don't have a clue as to what he was doing with those shares he was "buying" via the options route. For you to state that he wasn't dumping shares is ludicrous. He dumped millions of shares and pocketed millions of dollars. As for THOSE options that he was exercising recently, just why was he doing this? First we know that he was dumping shares for the past year. These were shares that he owned outright. As for the recent exercising of those options for more shares....excuse me! He didn't lose money on these shares, but he sure was screwing the employees and shareholders. What the sleeze bag was doing was exercising this options(giving the illusion that he was buying these shares for the FUTURE)and getting these shares at a DISCOUNT and then he was turning the shares back to Enron at the inflated price. And just why was he doing this...GIVING the shares to Enron. Fact is that he wasn't giving them anything for free...he was paying his debts OWED to Enron. Paying back with discounted purchased shares and getting market prices for the debt that he OWED Enron. And why was he doing this? He knew that the company was going under, so he exercises the options to give the company shares that he had to know would be worthless in only a matter of time. Clearing his debt owed, knowing that he would have to face Enron creditors once the company went belly up if he didn't pay his debt. Telling the employees all along that the future was bright for Enron. These actions were the act of a greedmonger.(IMO)The diehard believers only see that Lay exercised these options, giving them the false belief that he had good intentions and bright hopes for the future. What the believers don't understand is that he had to report the exercising activities. But the end results as to what he was doing doesn't have to be revealed with a public filing like the purchase of the shares via the options route. This will only appear later in the annual and quarterly filings. Wait to this revelation is fully understood by the public and then try and tell me that Lay lost money by buying these shares.