Untimely Demise
Ken Ley died of a massive coronary today.
Convicted of 10 counts of fraud and conspiracy in the collapse of Enron corporation, Ley was awaiting sentencing for his crimes.
Enron filed for bankruptcy in December 2001 after investigators found it had used partnerships to conceal more than $1 billion in debt and inflate profits. Enron’s downfall cost 4,000 employees their jobs and many of them their life savings, and led to billions of dollars of losses for investors.
The collapse was the first of the high-profile corporate scandals that later rocked WorldCom, Global Crossing, Adelphia and Tyco.
CNN
He cooked the books to keep stock prices high even as the company was failing so that he could earn his big bonuses (which are tied to stock performance) and artificially inflate stock prices while he quietly sold off his shares.
Now he’ll never pay his debt to society.
Almost makes me wish I believed in Hell.
Almost.
Eryn said,
July 13, 2006 @ 2:25 pm
This is off-topic for this post (and probably a strange request), but I was wondering if you could recommend some short-story authors for me.
Patti said,
July 17, 2006 @ 3:55 pm
Hi Eryn,
You know, I don’t have a specific author that I follow for short stories, but I do have a literary (and political) magazine that I love. This mag has interviews, short stories, and essays and it never fails to challenge and inform me.
I highly recommend a subscription to The Sun. http://www.thesunmagazine.org/
I get most of my short stories there.
Talk to ya later.
Patti