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Kenneth Lay [1942-2006] American

Kenneth Lee "Ken" Lay was an American businessman. He was the CEO and chairman of Enron Corporation. Lay was indicted by a grand jury and was found guilty of 10 counts of securities fraud.

Quote	Tags	Rank
Our liquidity is fine. As a matter of fact, it's better than fine. It's strong.		101
Am I a fool? I don't think I'm a fool. But I think I sure was fooled.		102
I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well.		103
They can't do without electricity. They can do with less electricity.		104
There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.		105
The last thing I would have ever expected to happen to me in my life would be that, in fact, I would be accused of doing something wrong and maybe even something criminal.		106
But certainly I didn't know he was doing anything that was criminal.		107
Every market is in transition.		108
But I can't take responsibility for criminal conduct of somebody inside the company.		109
We use competitive markets to arrange for delivery of our food supply.		110
I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal.		111
There are absolutely no problems that had anything to do with Jeff's departure.		112
We need someone who is a strong representative of our value system.		113
We don't break the law.		114
Jeff knew full well what he was walking away from. Again, he needed to deal with this right away.		115
Investors don't like uncertainty.		116
When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall.		117
Any slots at the senior level, including CEO or other slots, will be filled internally.		118
I have to take responsibility for anything that happened within its businesses.		119
But the most important thing is, Enron did not cause the California crisis.		120
Trillions of dollars every day are being exchanged around the world in all of the financial markets.		121
Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.		122
In the case of Enron, we balance our positions all the time.		123
I don't think I'm a criminal, number one.		124
The problems in California have been that it's been very difficult to site and build new power plants.		125
Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.		126
You'll have lower prices under deregulation than you will through regulation.		201
We see ourselves as first helping to open up markets to competition.		202
The transmission systems are still regulated.		203
You'd rather have a surplus versus a shortage in your position.		204
I've been a strong financial and political supporter of, first, President Bush Sr. when he was running for president, and even when he ran for president a time or two and failed.		205
I have faith in the market when we get the rules right.		206
But indeed a market like California is not good for Enron.		207
We've tried to get as much supply into California as we can.		208

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