It doesn’t seem fair.
A month and a half ago Kenneth L. Lay, the disgraced former Chairman and Chief Executive Officer of Enron, was convicted of six counts of fraud and conspiracy and four counts of bank fraud for lying to investors, employees and regulators so he could disguise the financial weaknesses of the Houston-based energy giant.
Hundreds of Enron employees who had their retirement funds tied to Enron stock lost everything. Lay was a close personal friend and financial backer of both Presidents Bush. The case served as a symbol of corporate greed and excess in the 1990’s.
While awaiting sentencing on charges that might have sent him to prison for the rest of his life, Lay died early Wednesday morning of a massive heart attack. He was 64.
Further coverage:
The Houston Chronicle link
Fortune Magazine link
The New York Times link
3 comments ↓
It’s almost enough to make you belive in Divine Retribution…
Wow…Karma is a powerful thing.
Those employees that were looking forward to justice being served are probably feeling cheated. :-(