Wednesday, July 05, 2006

Ken Lay R.I.P.$ It Up

Apparently Ken Lay wasn't heartless after all.

Convicted Enron Corp. founder Ken Lay, who was found guilty of helping perpetuate one of the most sprawling business frauds in U.S. history, has died of a massive coronary. He was 64.

Nicknamed "Kenny Boy" by President Bush, Lay led Enron's meteoric rise from a staid natural gas pipeline company formed by a 1985 merger to an energy and trading conglomerate that reached No. 7 on the Fortune 500 in 2000 and claimed $101 billion in annual revenues.

He was convicted May 25 along with former Enron CEO Jeffrey Skilling of defrauding investors and employees by repeatedly lying about Enron's financial strength in the months before the company plummeted into bankruptcy protection in December 2001...
When Lay and Skilling went on trial in U.S. District Court Jan. 30, it had been expected that Lay, who enjoyed great popularity throughout Houston as chairman of the energy company, might be able to charm the jury. But during his testimony, Lay ended up coming across as irritable and combative.

...

Pastor Steve Wende of First United Methodist Church of Houston, said in a statement that church member Lay died unexpectedly of a "massive coronary."

Wende said Lay and his wife, Linda, were in Aspen, Colo., for the week "and his death was totally unexpected. Apparently, his heart simply gave out."
On the plus side, I guess Kenny Boy can now test his courthouse claim that "We believe that God in fact is in control, and indeed he does work all things for good for those who love the Lord."