Outrage at Lay's death at ski resort

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Outrage at Lay's death at ski resort

Former Enron employees outraged at Lay's lavish lifestyle right up until his
death.

Former Enron employees outraged at Lay's lavish lifestyle right up until his
death.

Reports that convicted fraudster Ken Lay died while staying at his luxury house located at an exclusive ski resort have sparked angry responses from former Enron employees.

In Houston, callers to radio stations expressed outrage that he had been allowed to continue enjoying such conditions while awaiting sentencing.

As many as 21,000 employees lost their jobs as a result of the fraud at the energy giant, which also saw accounting firm Andersen collapse in its wake.

Lay’s personal wealth was estimated at US$400m (£217m) and he owned as many as 14 homes.

The Guardian revealed that the disgraced former Enron boss was pronounced dead at the casualty department of hospital near his holiday home near Aspen, Colorado, after being rushed their in the early hours of Wednesday morning.

The Colorado authorities said the reason for his collapse would be determined by an autopsy.
Copyright © 2010 Accountancy Age
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