The Enron Crisis, Ken Lay’s Reputation, and the Media Did It!
“I accept full responsibility for everything that happened at Enron. Having said that, I can’t take responsibility for illegal acts that I had no knowledge of.” Comments from Ken Lay on trial in refuting others who have testified he knew of the wrongdoing going on before Enron collapsed.
According to the Morning News, the big, bad media did it again. By reporting about Enron’s financial dealings and unusual partnerships, it brought down an entire corporation, zapped billions of investor dollars into oblivion and put hundreds of people out of work.
That, according to Ken Lay, is what happened to Enron, the company at the center of the largest corporate collapse in U.S. business history.… Read the rest