Word: ken
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...tried his best to raise the spirits of his downtrodden workforce. At a company gathering caught on videotape, the son of a Missouri minister promised that there wouldn't be any layoffs and that Enron would rise again. For once, though, the rank and file weren't drinking Ken's Kool-Aid. As one disgruntled worker put it, in a statement that Lay chose to read aloud: "I would like to know if you are on crack. If so, that would explain...
...Lays' claim that they are nearly as bankrupt as Enron is not winning them much trust or sympathy in Houston--or in Washington. Ken Lay now holds close to 3 million essentially worthless Enron shares, but he got most of his money by selling Enron stock early, reaping more than $100 million over the past three years. During that same period, he received salary and cash bonuses of more than $17 million. Last year alone he unloaded $25.7 million in Enron stock between January and mid-July as the share price fell from $80 to less than...
...Ken Lay isn't the only member of his family to make a name in Houston's business elite. Travel Agency in the Park, co-owned by his younger sister Sharon Lay, 56, took the No. 4 spot in the Houston Business Journal's 2001 ranking of woman-owned businesses. But Ken Lay didn't just set an example for his sister--his company sent lots of deals her way. From 1996 through 2000, Sharon Lay's company (renamed Alliance Worldwide in December) received $6.8 million in commissions from Enron travel, according to SEC documents. Enron commissions reportedly accounted...
...only did that once." A memo last June reminded Enron employees to use TAP because of its volume discounts. But in some cases, the agency quoted fares that were no better than published rates, and still charged Enron a $30-per-ticket fee, Enron insiders say. Sharon and Ken Lay declined to comment...
Other Houston travel firms knew they had little hope of an Enron contract. "Let's just say it was hard to get in," says Gary Pearce, general manager of Navigant, one of the city's largest corporate-travel firms. For all of Ken Lay's belief in free-market competition, for family he made exceptions. Enron also acquired a company owned in part by Ken Lay's son Mark, who then received a three-year, $1 million employment contract. As for Ken Lay, he continues to travel on a private Enron...