Posts Tagged ‘Enron’

Ken Lay Courthouse truth photo

Enron Juror Shares Truthful Reputation



“Be truthful, no matter what the consequences. It always comes out in the end.” Commented Freddy Delgado, former Enron trial juror and Houston elementary school principal, as he recently spoke to a class of high school government students.

According the Houston Chronicle, the speaker asked the following question: “How many of you know about Enron?” The teens sat as still as mannequins, their eyes assiduously studying the wood grain of the tables in the Davis High School library in Houston. Nary a hand rose. “OK,” Freddy Delgado acknowledged. “No one.”

Friday was Enron day at the Texan school as Delgado, principal of Golfcrest Elementary, shared his experiences as a juror in the trial of Ken Lay and Jeff Skilling with students in Robert Lee’s senior U.S. government class for the summer term.

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ken lay photo in handcuffs_02

Reputation Message to Ken Lay: Thou Shall Not Steal!



“I firmly believe I’m innocent of the charges against me. We believe that God, in fact, is in control and indeed he does work all things for good for those who love the Lord.” Comments from Ken Lay minutes after he was found guilty of conspiracy, lying, bank fraud and insider trading in the largest corporate crisis in U.S. history. The collapse of Enron, which wiped out more than $89 billion in market value, also left 5,600 employees jobless and owed at least $1 billion in benefits.

According to A.P. and the San Francisco Chronicle the Enron boys will spend the rest of their lives in prison. From comfy corner offices, they engaged in chicanery that fleeced shareholders and pensioners. When misconduct was exposed, their company unraveled with breathtaking speed. Now, Enron’s Ken Lay and Jeffrey Skilling, found guilty of conspiracy and fraud, face hundreds of years in the hoosegow.

They’re the last — and many would say, worst — of the gang of white-collar criminals who’ve danced through headlines in the past few years. While Enron is the most visible icon for corporate skulduggery, it was only one of a parade of notorious cases that came to represent to average citizens everything that was wrong with corporate America.

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KEn Kay Cuffs

The Enron Crisis, Ken Lay’s Reputation, and the Media Did It!



“I accept full responsibility for everything that happened at Enron. Having said that, I can’t take responsibility for illegal acts that I had no knowledge of.” Comments from Ken Lay on trial in refuting others who have testified he knew of the wrongdoing going on before Enron collapsed.

According to the Morning News, the big, bad media did it again. By reporting about Enron’s financial dealings and unusual partnerships, it brought down an entire corporation, zapped billions of investor dollars into oblivion and put hundreds of people out of work.

That, according to Ken Lay, is what happened to Enron, the company at the center of the largest corporate collapse in U.S. business history.

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Kenny Boy Lay Cartoon

Enron’s Ken Lay: A Reputation as a Snake in the Grass



“He is a snake in the grass, a selfish, greedy man and holier-than-thou.” Prospective jurors’ thoughts on former Enron chairman Ken Lay.

He is the devil and a high-class crook.” Comments from prospective jurors regarding former Enron CEO Jeffrey Skilling.

The corporate trial of the century begins today in Houston. Many reputations within the Enron case are in crisis, especially the reputations of Ken Lay and Jeffrey Skilling. In addition, the reputation of corporate America and the U.S. attorney’s office are also on the line.

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