Enron bosses found guilty

It's the result we've been waiting for: Kenneth Lay, a close friend of the Bush family has been found guilty of fraud and conspiracy after the collapse of Enron, the company he founded. This classic case of corporate corruption has already been outdone by the WorldCom fiasco, yet the result is significant.

The best thing one can say for Bush at this time is that the courts have been seen to do the right thing. Lay was a major benefactor to the Bush election campaign… but he had links with Clinton too.

This whole case (with its stories of huge extravagence and luxury enjoyed by Enron executives) suports two clear truths: that corporate business will generally bend the law when it knows it can, and break the law when it thinks it can; and that no major political party today can claim innocence when it come to dealings with shady businessmen.

The system doesn't work. Who's going to have the strength to stand up and say it needs fixing? My bet: no one.

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May 26, 2006 | Filed Under General 

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One Response to “Enron bosses found guilty”

  1. guirilandia on May 26th, 2006 10:30 am

    "The smartest guys in the room" - check it out if you haven't.

    I'm more interested in these guys on apsychological level. They were way way out there in their beliefs that their own self improvement was really justified by long term improvement for California … which we have seen was disastrous. This patronizing attitude is typical of corporate mentality.

    People will always look for ways to justify their corrupt behavior. These righteous assholes deserve a spell behind bars. This is good news.

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