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Home
Authors
Kenneth Lay
American
Businessman
About the author
We don't break the law.
Kenneth Lay,
American
Businessman
#Law
The last thing I would have ever expected to happen to me in my life would be that, in fact, I would be accused of doing something wrong and maybe even something criminal.
Kenneth Lay,
American
Businessman
#Life
#Wrong
#Fact
We see ourselves as first helping to open up markets to competition.
Kenneth Lay,
American
Businessman
#First
#Open
#Competition
I have to take responsibility for anything that happened within its businesses.
Kenneth Lay,
American
Businessman
#Responsibility
I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well.
Kenneth Lay,
American
Businessman
I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal.
Kenneth Lay,
American
Businessman
#Nothing
#Saying
#Responsibility
#Mind
#Enron
I've been a strong financial and political supporter of, first, President Bush Sr. when he was running for president, and even when he ran for president a time or two and failed.
Kenneth Lay,
American
Businessman
#Time
#President
#First
#Running
#Financial
In the case of Enron, we balance our positions all the time.
Kenneth Lay,
American
Businessman
#Time
#Balance
#Enron
Investors don't like uncertainty.
Kenneth Lay,
American
Businessman
#Uncertainty
I don't think I'm a criminal, number one.
Kenneth Lay,
American
Businessman
Our liquidity is fine. As a matter of fact, it's better than fine. It's strong.
Kenneth Lay,
American
Businessman
#Fact
Every market is in transition.
Kenneth Lay,
American
Businessman
The problems in California have been that it's been very difficult to site and build new power plants.
Kenneth Lay,
American
Businessman
#Problems
#Power
#Plants
The transmission systems are still regulated.
Kenneth Lay,
American
Businessman
There are absolutely no problems that had anything to do with Jeff's departure.
Kenneth Lay,
American
Businessman
#Problems
#Departure
There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.
Kenneth Lay,
American
Businessman
They can't do without electricity. They can do with less electricity.
Kenneth Lay,
American
Businessman
#Electricity
Trillions of dollars every day are being exchanged around the world in all of the financial markets.
Kenneth Lay,
American
Businessman
#Day
#World
#Being
#Financial
We use competitive markets to arrange for delivery of our food supply.
Kenneth Lay,
American
Businessman
#Food
We need someone who is a strong representative of our value system.
Kenneth Lay,
American
Businessman
#Value
Jeff knew full well what he was walking away from. Again, he needed to deal with this right away.
Kenneth Lay,
American
Businessman
#Right
#Walking
When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall.
Kenneth Lay,
American
Businessman
#Uncertainty
Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.
Kenneth Lay,
American
Businessman
#Food
#Today
#Energy
I have faith in the market when we get the rules right.
Kenneth Lay,
American
Businessman
#Right
#Faith
#Rules
You'd rather have a surplus versus a shortage in your position.
Kenneth Lay,
American
Businessman
You'll have lower prices under deregulation than you will through regulation.
Kenneth Lay,
American
Businessman
#Will
Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.
Kenneth Lay,
American
Businessman
#Right
#Now
#Electricity
We've tried to get as much supply into California as we can.
Kenneth Lay,
American
Businessman
Am I a fool? I don't think I'm a fool. But I think I sure was fooled.
Kenneth Lay,
American
Businessman
#Fool
Any slots at the senior level, including CEO or other slots, will be filled internally.
Kenneth Lay,
American
Businessman
#Will
But certainly I didn't know he was doing anything that was criminal.
Kenneth Lay,
American
Businessman
But I can't take responsibility for criminal conduct of somebody inside the company.
Kenneth Lay,
American
Businessman
#Responsibility
#Company
But indeed a market like California is not good for Enron.
Kenneth Lay,
American
Businessman
#Enron
But the most important thing is, Enron did not cause the California crisis.
Kenneth Lay,
American
Businessman
#Cause
#Crisis
#Enron