Raid on Enron
Kenneth L. Lay, finishing his redirect examination under his defense lawyer George "Mac" Secrest, just recalled the circumstances surrounding the descent of FBI agents on Enron in early 2002.
Lay said he'd heard on television that lawyers for plaintiffs that were suing Enron in civil actions, such as shareholders stung by Enron's collapse, claimed that Enron was shredding documents.
Lay said he combed the building and found one shredder still being used, mostly for personnel and pay records, he said.
He said he ordered the area sealed off, called his Washington lawyer -- Bob Bennett, no less -- and told him to call the FBI to tell them they had "immediate and open and full access to the Enron building."
The G-men showed up the next morning at Enron, and then quickly at Lay's office, and he told them they had the run of the place, he testified. They went through everything, "including my briefcases," he said.
Briefcases, plural? Maybe for the successful CEO, briefcases are like purses -- one for each outfit.
By Frank Ahrens |
May 2, 2006; 9:38 AM ET
| Category:
Dispatches
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Posted by: pcb | May 2, 2006 07:28 PM
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you should read about how the late harold geneen ran ITT for decades. he had dozens of briefcases in his office, in which he kept all the records for ITT's operations. it was in part a strategy for job security ;-)