Wednesday, July 05, 2006

Kenneth Lay penalized with death

Ousted Enron CEO dies of heartless attack

ASPEN--Kenneth Lay, the former Enron chief executive and chairman convicted on fraud and conspiracy charges, has died.

Mr Lay suffered a heart attack at his holiday home near Aspen, Colorado. He was pronounced dead in hospital shortly after 0300 local time on Wednesday.

He and former chief executive Jeffrey Skilling were found guilty in May in connection with Enron's collapse. [...] He had posted a $5m bond to avoid custody until October when he would have been sentenced - to up to 45 years behind bars.

I'm always sad to hear about people dying, be it through natural causes, violence or genocide. But Lay's death is sad for additional reasons:

--He will never have to face the music for the corporate fraud that put 4,000 people out of work and ushered in an era of unprecedented corporate corruption.

--Though he proclaimed his innocence, claimed that the Enron collapse was the most gut-wrenching thing he'd ever gone through and faced a 45-year prison term, Lay nevertheless died in his Aspen vacation home. In that sense, he beat the rap and preserved his legacy of wealth-based insulation.

--The Bush administration will have to put in years of training and funds to cultivate another titan of swindle-stry whom they can deny knowing years later.

--But mainly, he will never have to face the music for the corporate fraud that put 4,000 people out of work and ushered in an era of unprecedented corporate corruption.

You see, this is why I'm against the death penalty.

4 comments:

Sickofspin said...

I find it amazing that you feel the need to kick a corpse. To what end?

Ian McGibboney said...

Well, I'm not one to glamorize people in death who did bad things in life. And considering how the right tends to enjoy killing criminals, I'm surprised you take issue with me on that.

Sickofspin said...

A 'surprise' based on your own blanket statement?

How liberal of you.

;)

Cajun Tiger said...

ahhhh...now the world is better...thanks for ticking me off with you unending need to always find a way to bash Bush.