Emotional

Ex-Chairman Lay ‘Duped’ by Close Associates in Enron Swindle

Former Enron Corp. Chairman Kenneth L. Lay went on possibly the biggest emotional roller-coaster ride of his life last week, first being subjected to what amounted to a public verbal flogging at the hands of a Senate committee on Tuesday — one senator called him “perhaps the most accomplished confidence man since Charles Ponzi” — only to be somewhat rehabilitated later in the week when a high-level Enron executive testified that Lay had been “duped” by his closest associates.

February 18, 2002

Lehman Brothers Runs with the Bulls

With record high spot and futures prices last week, continuedcold weather and bullish supply and demand projections, LehmanBrothers didn’t pick a bad week to raise its Henry Hub priceforecasts by about 20% for both 2001 and 2002.

December 11, 2000