January 25, 2002
Maybe there is justice

Looks like perhaps Ken Lay won't walk away from all this with his spoils intact. Pretty much all of the income he got from Enron is apparently fair game in the multitude of civil lawsuits that have been filed by those who lost retirement accounts. This is as it should be. CEOs are bountifully compensated for the greater exposure to risk that they supposedly have, but in real life they tend to all have golden parachute clauses that make them impervious to any damage they cause to their companies. Ken Lay was ultimately responsible for Enron, and if Enron has turned to dust, then that's what he should get.

Posted by Charles Kuffner on January 25, 2002 to Enronarama | TrackBack