Kenneth Lay

Kenneth Lee Lay ( born April 15, 1942 in Tyrone (Missouri ); † July 5, 2006 in Aspen ( Colorado)) was an American businessman who played as a former CEO of Enron in one of the largest accounting fraud scandals a key role. 2001 Lay was still a prime example of not only innovative, but " revolutionary " entrepreneur. In 2009 he was picked up by Portfolio.com in the list of the worst American CEO.

Lay studied economics at the University of Missouri, graduating with a Master's and a doctorate in 1970 at the University of Houston.

1965-1968 he worked as an economist for Exxon, he joined the U.S. Navy until 1971 when. 1970-1973 he taught at the George Washington University. 1971-1972 he was a member of the Federal Power Commission and 1972-1974 State Secretary in the U.S. Department of Interior, responsible for energy policy.

Between 1974 and 1981 he served as chief of various gas companies, including Florida Gas Co. and their successors Continental Resources Co., Transco Energy and Houston Natural Gas. With the merger of Houston Natural Gas and Inter North Lay was CEO of the resulting company Enron.

The role of CEO and Chairman Lay had held from 1986 until his resignation on 23 January 2002 ( with the exception of the months of February and August 2001, in which Jeffrey Skilling held the post of the CEO), and shortly thereafter broke Enron together.

The names of Lay and Skilling were subsequently to synonyms for concepts such as accounting fraud or deception investors.

Lay was spoken along with Jeffrey Skilling on 25 May 2006 of fraud and conspiracy as part of the bankruptcy of Enron guilty and would have been expected with a long prison sentence: The maximum punishment for his offense is 45 years. He died of a heart attack before the court's ruling on the sentence, which was scheduled for 23 October 2006.

Together with his wife Linda Lay had five children.

Evidence

• Deceiver
• Korporierter ( Miami Triad )
• Americans
• Manager
• Born in 1942
• Died in 2006
• Man