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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: PartyTime who wrote (1890)	1/30/2002 6:50:06 PM
From: Mephisto	Read Replies (1) \| Respond to of 5185

You would have to check the chart to see where the stock was trading on August 20 or 21. The article that I posted said: "The filings show that Mr. Lay was a big seller of Enron stock but stopped selling on July 31, well before the company collapsed. In late August, after the sudden resignation of Mr. Lay's chosen successor as chief executive forced him to return to that job, he told employees that the stock was cheap, and he bought shares by exercising options. "As I mentioned at the employee meeting, one of my highest priorities is to restore investor confidence in Enron," Mr. Lay wrote in an e- mail message to employees dated Aug. 21. "This should result in a significantly higher stock price." Excerpt from, "Chief Used Stock to Repay Enron Loan, Lawyer Says " January 15, 2002 The New York Times THE TRANSACTION By FLOYD NORRIS For full story see: siliconinvestor.com