... in Valhalla, New York. It was discovered in this office in New York that employees were falsifying transactions to increase their own bonus. Instead of firing these workers Chief Chairman Ken Lay decided to quiet the situation and keep the employees to avoid a big scandal. The employees were in charge of the company's trade and six months after the first incident ... , like Enron, to cheat the rules. In 2001 many of Enron's problems started to come out in the open. In February Jeffrey Skilling assumed the CEO position for Enron replacing Ken Lay, but by August he resigned and Lay took ov...

• Word Count: 1721
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

In 1984 Ken Lay became chairman and Chief Operator of Houston Natural Gas. It quickly doubled when it bought Florida Pipeline Company. The next year in 1985 Houston Natural Gas merged Internorth Incorporation. ... ...

• Word Count: 1055
• Approx Pages: 4
• Grade Level: High School

... problems in India. President Bush denied all ties to Kenneth Lay, ex-CEO of Enron. Enron allowed him to use a private jet during his presidency campaign. Also, President Bush replied "Ken who?- when asked about his ties to Kenneth Lay, when in fact, he and Kenneth Lay were such great buddies, that Lay was seen giving wedgies to the President in ... ...

• Word Count: 1545
• Approx Pages: 6
• Grade Level: High School

... and within the company's guidelines of its mission statement. Why couldn't federal regulations prevent this from happening? Is this a legal matter, or an ethical one? What did trust mean to Ken May, CEO of Enron, and his employees? These are just several of the many questions that society is still pondering over the biggest bankruptcy to ever take place in corporate ... ...

• Word Count: 2824
• Approx Pages: 11
• Grade Level: High School