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Enron's Kenneth Lay Dies

Don420 writes "This morning the biggest corporate criminal in modern history, Kenneth Lay, died of a massive coronary before he could receive his sentence. Lay was found guilty of being in charge of the scheme that had many lose their live-savings through a scheme of complex offshore holdings and is to thank for our having to live with Sarbanes-Oxely." From the article: "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."

37 of 868 comments (clear)

  1. KARMA by cavtroop · · Score: 1, Funny

    'nuf said.

    {damn /. filters}

  2. Re:bye bye baby by Anonymous Coward · · Score: 1, Funny

    You'll be there too, eh?

  3. they're right! by Trailer+Trash · · Score: 4, Funny

    So, now everybody here who keeps saying "Ken Lay did blah blah blah and never faced any jail time" is actually right.

    I hope BSD isn't really dying...

  4. In related news... by Anonymous Coward · · Score: 5, Funny

    Construction has begun at the Hope Memorial Cemetery to install new drainage tiles in anticipation of the 4,000+ people expected to arrive within the next week to piss on Mr. Lay's grave.

    1. Re:In related news... by sgt_doom · · Score: 2, Funny
      I wish people wouldn't feel sorry for the guy - he died in the typical manner the superwealthy die today --- living the good life in Aspen, in bed with two high-priced hookers and a ton of Viagra....

      [The State Dept. should send Rush Limpbaugh to Pyongyang, North Korea, with a shipment of Viagra to help the Premier get his missile to rise....or am I thinking of Bill O'Reilly????]

  5. I just heard some sad news by caluml · · Score: 5, Funny

    I just heard some sad news on talk radio - Ethical paragon Kenneth Lay was found dead in his Colorado home this morning. There weren't any more details. I'm sure everyone in the Slashdot community will miss him - even if you didn't enjoy his work, there's no denying his contributions to business culture. Truly an American icon.

    1. Re:I just heard some sad news by Scaba · · Score: 3, Funny

      At least we know he's in heaven now, with all of the other rich white guys.

    2. Re:I just heard some sad news by Minwee · · Score: 4, Funny

      "Truly an American icon."

      I think there's an extra 'I' somewhere in that statement.

  6. Looks like instead of prison time.... by gmb61 · · Score: 3, Funny

    God opted for the death penalty.

  7. Re:Another perspective on Ken Lay... by vancondo · · Score: 5, Funny

    Ted Bundy was polite and charming too.

    Well that does it! No more hanging around polite charming people for me. From now on I'm only going to associate with people that have demonic beady eyes and fresh blood dripping from their chin.

    ..unless the polite charming people also have a lot of money

    --
    -
  8. Playing the trump card by El_Smack · · Score: 4, Funny

    God for the win!!!

    --


    There are 01 kinds of cars in the world. The General Lee, and everything else.
  9. Re:How Convenient... by Anonymous Coward · · Score: 5, Funny

    "not everything is a conspiracy"
    That's EXACTLY what THEY want you to think!

  10. hummm...doubtful by tloh · · Score: 2, Funny

    This morning the biggest corporate criminal in modern history, Kenneth Lay, died of a massive coronary...

    You just watch... I'll bet he is lying yet once again. /duck

    --
    Stay sentient. Don't drink bad milk.
  11. Is there *ANY* event... by Quiet_Desperation · · Score: 4, Funny
    ...these days that does not bring out the conspiracy yahoos?

    Seriously, some days I just want to punch all the cryptoloons in the balls. And if they don't have balls, I'll graft donor balls onto them and punch those.

    Damn, I need more vacation.

  12. Re:Another perspective on Ken Lay... by 93,000 · · Score: 4, Funny

    Well that does it! No more hanging around polite charming people for me. From now on I'm only going to associate with people that have demonic beady eyes and fresh blood dripping from their chin.

    Hello new friend! Wanna go throw rocks at my neighors cat?

  13. Slashdot perspective by KeeghanMacAllan · · Score: 3, Funny

    "This morning the biggest corporate criminal in modern history, Kenneth Lay, died of a massive coronary before he could receive his sentence."

    Now THAT is what I call a karma mod!

  14. Farewell Ken by Keichann · · Score: 5, Funny

    Posterity will ne'er survey
    A nobler grave than this:
    Here lie the bones of Kenneth Lay:
    Stop, traveller, and piss.

  15. Re:Another perspective on Ken Lay... by Ebirah · · Score: 5, Funny

    Oh my god, they killed Kenny!

    --
    It's never so bad that it can't get worse.
  16. Oh my God - by flyingfsck · · Score: 2, Funny

    they killed Kenny!

    --
    Excuse me, but please get off my Pennisetum Clandestinum, eh!
  17. Re:As a republican, I'd like to say... by ichigo+2.0 · · Score: 2, Funny

    Are you implying that Republicans aren't human beings? ;)

  18. Re:Life Insurance by Prof.Phreak · · Score: 2, Funny

    "Two wrongs don't make a right".

    ``But three lefts do.''

    --

    "If anything can go wrong, it will." - Murphy

  19. In Soviet Enron... by Anonymous Coward · · Score: 1, Funny

    ... The corpse defecates on YOU!

  20. Re:"He Didn't Fall..." by xedd · · Score: 2, Funny

    I can't but think he didn't die. He's getting plastic surgery done on him right now, and will assume a new identity.
    They could have been planning this for the last several years. Christ, they've had enough time to think the details through...

  21. Re:Doubt it's faked... by Mister+Whirly · · Score: 2, Funny

    "At least he saved us the tax dollars it would have cost to shelter and feed him."

    They should engrave that on his headstone - "His last act was to actually save the country some money."

    --
    "But this one goes to 11!"
  22. Comment removed by account_deleted · · Score: 2, Funny

    Comment removed based on user account deletion

  23. Re:As a republican, I'd like to say... by Mister+Whirly · · Score: 3, Funny

    Not as much as I admire your sarcasm... ;)

    --
    "But this one goes to 11!"
  24. Re:"He Didn't Fall..." by Thalagyrt · · Score: 5, Funny

    He had a heart attack because his arteries were embezzeling mass amounts of blood from his capillaries!

    *badum ching*

    --
    Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo!
  25. Re:Another perspective on Ken Lay... by GigG · · Score: 3, Funny

    Well that does it! No more hanging around polite charming people for me.

    That's why I hang around /.

    --
    Is buying a Harley Davidson as your first motorcycle since you were 16 at age 49 a midlife crisis issue?
  26. Re:Doubt it's faked... by MasterC · · Score: 2, Funny

    A 20 year sentence would ahve effectively been life for a man of his age...

    A negative 2 month, 6 day sentence was effectively a life sentence for him.

    --
    :wq
  27. Simple explanation by It's+all+Krista's+Fa · · Score: 3, Funny

    God called. He wants to know where his pension is.

    --
    It's all Krista's Fault.
  28. Re:Another perspective on Ken Lay... by greg_barton · · Score: 4, Funny
    Need anyone be reminded of the thousands of employees, shareholders and suppliers that the late Mr Lay metaphorically urinated, on as he profited from their misfortune?


    Dude! You miss the point. That's called "trickle down economics."
  29. Re:Do you remember brownouts? by sheldon · · Score: 5, Funny

    Umm...

    I'm not quite sure where Enron fits in there but certainly they were not the only companies messing with the market, and in the end it was the regulators' fault for allowing the market to be messed with in the first place.

    LOL!

    Where do the Enron Traders who were taped by the Snohomish Public Utility fit into this?

    I think it's funny how you start off your argument claiming the problem was not enough deregulation, and then you end it by blaming the regulators for not regulating enough.

    You sound like a Republican... can't tell the difference between his head and his ass.

  30. Re:I won't believe it.... by Zeinfeld · · Score: 2, Funny
    And even then, do not believe it. It is fairly easy to substitue another body with a little bit of makeup.

    Nah, wrong conspiracy theory, the real question is whether it was Cheney or Rove who ordered the hit to keep the truth from comming out.

    Question is whether the lawyers got the appeal in first. In MA a convicted criminal who has a pending appeal automatically gets a pardon. That would mean that the Lay family may get to keep some of the money he stole. Although his estate is still liable for damages Texas bankruptcy law protects certain assets like the family home, no matter how many millions it is worth. The criminal fines would have wiped those out as well.

    --
    Looking for an Information Security student project suggestion?
    Try http://dotcrimeManifesto.com/
  31. Re:Another perspective on Ken Lay... by geekoid · · Score: 4, Funny

    he Ken Lay memorial urinal has a nice ring to it.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  32. update by RelliK · · Score: 4, Funny
    He was pronounced dead at a hospital.

    After moving to a better hospital, his condition was upgraded to "alive".

    --
    ___
    If you think big enough, you'll never have to do it.
  33. Re:"He Didn't Fall..." by Jhon · · Score: 2, Funny

    No surgery necessary. He killed Tim Conway and is taking his place.

  34. Re:I won't believe it.... by wtansill · · Score: 2, Funny
    until I see a body. Just a little too convenient. /where the hell's my tinfoil hat?
    He's not dead. He was sedated with a CIA blow-dart, then surreptitiously removed from the hospital. His body was replaced by a clone grown in a secret underground bunker adjoining area 51. He will be revived as soon as he gets to the secret room in the sub-sub-basement of the White House where he, along with Howard Hughes will advise Vice President Dick "Dick" Cheney on energy policy. Elvis is there too; he's the entertainment director and is also in charge of procuring hookers to keep JFK happy.
    --
    The contest for ages has been to rescue liberty from the grasp of executive power. -- Daniel Webster