Ken Lay

(redirected from Kenneth Lay)
Also found in: Wikipedia.

Ken Lay

Chairman of the board and CEO of Enron from 1985 to 2002. During his tenure, Enron committed one of the largest accounting frauds in history. As CEO, Lay presided over a company in which many of its assets were either overpriced or completely fictional; losses were hidden in offshore subsidies; and most profits were fraudulent. He was charged with and convicted of securities fraud and other crimes, but he died before he was sentenced. He lived from 1942 to 2006.
References in periodicals archive ?
Barbakow escaped the fate of the likes of Kenneth Lay, Bernard Ebbers and Dennis Koslowski.
I'm sure Kenneth Lay and his gang thought of themselves as titans of industry, when in reality they were no more than snake oil peddlers selling mirrors and smoke.
Kenneth Lay, who founded Enron Corp in 1985, took the witness stand in his fraud and conspiracy trial, stating he had not conspired to violate federal securities rules or broke wire fraud and securities fraud laws.
That was until Kenneth Lay, its chairman, told analysts last month that there would have to be some, er, "restatement of prior period financial statements".
Enron founder Kenneth Lay said he had no knowledge of fraud when he re-took the reins of the energy giant in 2001.
He is a close friend of the firm's chairman Kenneth Lay, whom he calls Kenny Boy.
Former Enron CEO Kenneth Lay appeared today before the committee under subpoena.
George Bush was a close friend of chairman Kenneth Lay and the firm gave money to 71 senators and 188 congressmen.
81 percent think it is unlikely that Kenneth Lay didn't know about Enron's fraud, 83 percent think Richard Scrushy likely knew about HealthSouth's fraud, and 81 percent think that Bernard Ebbers was probably aware of WorldCom's fraud.
SEEING that Kenneth Lay and Jeffrey Skilling used devious business tricks to defraud investors, employees, retirees and the California energy market, we can all take some satisfaction in their conviction on federal fraud and conspiracy charges.
Kenneth Lay, the founder and former chairman and chief executive officer of US energy giant Enron who says he committed no crimes at the scandal-ridden company, has been indicted on criminal charges.
FORMER Enron boss Kenneth Lay was duped by other executives, it was claimed yesterday.