the blog of DC Drinking Liberally

December 13, 2005

The CEO President


Via Talking Points Memo, I saw this Houston Chronicle article about Dubya’s buddy “Kenny Boy” Lay:

Ken Lay declared his innocence, demonized his accusers and asked ex-employee “truth sayers” to rally ’round him for his trial, in a luncheon speech today. […]

The former chairman of Enron told the sold-out crowd of about 500 at the Houston Forum that Enron was a great company and would still be great if not for the illegal conduct of a few — namely ex-CFO Andrew Fastow and his protege Michael Kopper, who Lay said committed “despicable and criminal deeds.”

We did trust Andy Fastow and sadly, tragically, that trust turned out to be fatally misplaced,” he said. Lay said it was the misdeeds of Fastow and cohorts, hidden from Lay, that led to the company’s 2001 bankruptcy and the dissolved dreams of thousands of employees. […]

Flanked on the podium by Texas and U.S. flags, and a gold and red-themed Christmas tree, Lay read from a prepared text in which he attacked the Justice Department for prosecuting the accounting firm Arthur Andersen, destroying the company and then dropping the case. He said the prosecutors have been attempting to criminalize normal business practices.

So Lay is blaming all his troubles on underlings (essentially claiming that he was incompetent, not evil) and decrying a movement in the Justice Department to “criminalize” normal actions. Doesn’t that remind you of George W. Bush and today’s Republican Party? Does the culture of corruption that has infested government have its roots in the boardrooms of big corporations?


  1. I was a victim, says Enron chief: The response

    Former Enron chief Ken Lay is in the news again with his extraordinary claim that he was the victim of a “wave of terror” by prosecutors and that his only fault was trusting the company’s CFO Andrew Fastow too…

    Sox First6:47 am, December 15

  2. If Lay’s outburst is designed to convince future juries, it won’t
    work. Probably do the reverse. You’ll find a summary of the response to his
    performance at

    soxwatch10:06 am, December 15

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