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Lay Down Sally....

Lay and Skilling.jpgThis is just the obligatory post on the Lay / Skilling case. Steal a car (in some states 5+ times first) or get convicted of a variety of other crimes and you go straight to jail upon the conclusion of your trial. Ah, but get convicted of corkscrewing one of the largest companies straight into the ground and taking 6,000 peoples pensions with it and you get to go home first. Of course, Mr. Lay did stop on the courthouse steps first to proclaim his innocence.

 

Ken, why don’t you go tell it to all the people you completely scammed out of their security, while leaving yourself enough to squander an astounding $70 million on your defense. Good thing you sold all your stock to lock in some profits, while simultaneously telling other folks to buy more. It’s people like you that make people hate people like you. Big business in this country gets a bad enough rap already, without those of your ilk damaging it’s reputation even further. Way to go, Ace!

This is a prime example of why you don't, no matter how fantastic of a company you might think you work for,  put all your retirement eggs in the company basket.

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