2006day.year
Kenneth Lay
(1942 - 2006)
American businessman
American businessman
Kenneth Lay was an American businessman and founder of Enron whose rise and fall epitomized corporate scandal.
Kenneth Lay (1942–2006) co-founded Enron in 1985 and served as its chairman and CEO.
He oversaw Enron's transformation into a leading energy trading company valued at over $60 billion.
In 2001, Enron's sudden collapse revealed massive accounting fraud and deception.
Lay was charged with securities fraud and other crimes and was convicted in May 2006.
He died of a heart attack before he could be sentenced, leaving his reputation in ruins.
The Enron scandal prompted major reforms in corporate governance and financial regulation.
Kenneth Lay