Ken Lay

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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 ?

"She showed absolutely no concern for what she had done and denied everyone the chance to say goodbye, as Kenneth lay buried at the bottom of his own garden, just metres from her own bedroom window.

'She showed absolutely no concern'

This deal shows that given the right opportunity issuers, bankers and investors can begin to rebuild a continuous and liquid market for term finance, said World Bank Treasurer Kenneth Lay.

United States : USD 1.5 Billion 5-year World Bank Global Bond

And many of us may remember Sherron Watkins, who in 2001 first relayed her concerns about accounting irregularities to Enron CEO Kenneth Lay and the congressional hearings that followed from her actions.

Reviewing whistleblower laws: legal protections aren't the same for all employees, but employers should take heed

Citation: Kenneth Lay et al., "FOXC1 maintains the hair follicle stem cell niche and governs stem cell quiescence to preserve long-term tissue-eregenerating potential," Proceedings of the National Academy of Sciences, 2016; 201601569 DOI: 10.1073/pnas.1601569113

How stem cells are mobilized to grow new hair

The University of Missouri has an endowed chair in economics named for the former chief executive officer of Enron, Kenneth Lay. (7) Kenneth Lay donated $1.1 million worth of Enron stock, which was sold by the university pursuant to their gift acceptance policy in 1999.

When charitable gift agreements go bad: why a morals clause should be contained in every charitable gift agreement

Before his entrance into national politics this cycle, Giles was a lawyer involved in the Anna Nicole Smith inheritance dispute and was a trustee of the assets of the late Enron CEO Kenneth Lay.

Carson Adviser: Depiction of His Role a "Back-Stabbing Lie"

Ten years ago: Former Enron chairman Kenneth Lay was indicted on criminal charges related to the energy company's collapse.

This day in history -- July 7

Shortly after Enron's founder Kenneth Lay and CEO Jeffrey Skilling were indicted for securities and accounting fraud, they were arrested.

Glimmer of light

Dr Ormiston takes the infamous example of Enron: "Prior to the Enron scandal, former CEO Kenneth Lay endowed chaired positions at universities and donated vast amounts of money to charity.

New research predicts CEOs most likely to engage in unethical behaviour

Skilling's predecessor as head of Enron, Kenneth Lay, was also convicted of fraud and conspiracy.

Ex-Enron Boss Skilling's Prison Sentence Reduced to 14 Years on Appeal

The CEOs who presided over some of the largest corporate failures in recent history were extremely well paid, such as Richard Fuld (Lehman Brothers), Bernie Ebbers (Worldcom), Kerry Killinger (Washington Mutual), Kenneth Lay (Enron), and Stanley O'Neal (Merrill Lynch).

CEO compensation controversy: a corporate governance failure

During a special dinner for the Middle East, we sat at the table, and Kenneth Lay, the head of Enron, and his wife, were between us, while on the other side was Gebran Tueni.