So, Ken Lay (of Enron fame) was on 60 minutes tonight explaining why he is totally innocent. He took one of the most successful companies in America and drove it into the ground. How powerful was he? Well, President Bush used Enron’s planes to campaign in. Anyhow, several folks are in jail, and nearly every single employee lost not just their job… but their entire retirement. See, Enron had the folks invest their future only in Enron. Ken Lay was the head of the company, the big cheese, CEO.
The moral of the story is this: Ken Lay is super guilty for one of two reasons. Either he completely orchestrated the hiding of all that debt which destroyed the company’s value by over estimating profits and offshoring huge amounts of debt to conceal it from Wall Street —- OR —– He should be fired for his huge and powerful company completely falling apart under his watch while he had no idea what was happening. Either way, the Gary Barnett defense doesn’t work… and Ken Lay is an asshole
Ok, one last thing. I don’t want to hear a single stupid comment like ‘Why do you Democrats hate success?’. Seriously, that concept is so tired and so wrong. I love success, I am successful… and a great benefactor of capitalism. What I hate is people who take advantage of others.
I leave you with this image >Powered by Sidelines