Documents released last week as part of ongoing probe into Enron Corp. portrayed former Chairman Kenneth L. Lay as an absent executive who seemed to be always just returning from trips, had his eye on leaving the energy trading giant that he guided to the top, had precious little first-hand knowledge of the financial details of the company, and accepted at face value the judgments and decisions of his right-hand men.
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Lay Says His Familiarity with Partnerships Was Fleeting
A report by internal investigators paints former Enron Corp. Chairman Kenneth L. Lay as an absent executive who seemed to be always just returning from business trips, had precious little first-hand knowledge of the financial details of the energy trading company that he oversaw, and accepted at face-value the judgments and decisions of his right-hand men.
February 21, 2002
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