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Enron's Kenneth Lay Dies

Posted by ryuzaki0 on from the so-long-and-thanks-for-all-the-sarbox dept.

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."

4 of 868 comments (clear)

  1. Live savings? by slummy · · Score: 0, Offtopic

    How about "life savings"?

  2. Re:Joseph Mengele by Quiet_Desperation · · Score: 1, Offtopic

    The greatest genocidal doctor in history...

    I thought that was Dr. Phil?

  3. Give thanks for Ken Lay by Anonymous Coward · · Score: -1, Offtopic
    Much as concept.A was 'good' in the sense that it's all good, SarbOx is a much-needed fillip for the idea of fiduciary duty, clarity around ethical decisions, and mandatory introduction of information security controls in corporate America.

    I work in security, by the way, and this chap increased my earnings potential by a factor of five. Ten years ago I was crushing my soul writing apps in VB and Access v2. Now I have a Linux laptop and free reign to break into any internal systems I fancy taking a crack at (not to mention regular pentests of suppliers and partners. It's all good :)

  4. Re:OT: Your sig by ConceptJunkie · · Score: 0, Offtopic

    Yeah, you obvious understand what's going on.

    Now that was sarcasm.

    --
    You are in a maze of twisty little passages, all alike.