A Quote by Kenneth Lay

But indeed a market like California is not good for Enron. — © Kenneth Lay
But indeed a market like California is not good for Enron.
I'm a good learner. I can dig in. I knew nothing about mark-to-market accounting when I started the 'Enron' film.
The CEO of Enron, Jeffrey Skilling, married one of the Enron secretaries this week. It's amazing how romantic these Enron guys can be when they realize that wives can't be forced to testify against their husbands. Skilling said today she was the best secretary Enron had ever had. She could shred 950 words a minute. ... I guess they are on their honeymoon right now. That's going pretty well. Hey, he's used to screwing Enron employees.
I happen to represent Enron here in Houston. We have many good corporate citizens here in Houston. Enron happened to have been one.
But the most important thing is, Enron did not cause the California crisis.
The not-quite-sort-of lie works here too - often an ad will announce that "Congressman Johnson voted for a bill that gave tax breaks to companies like Enron." True - although the bill allowed all companies to accelerate depreciation of copying machines. Yes, Enron benefited, but Enron also benefited from the revolution of the Earth around the sun. Hardly an argument to freeze the planet in one spot.
The Houston Astros want to change the name of Enron Field where they play. I guess the Enron name could cause problems for them. Like players could steal a base and then deny it.
So it was flawed in that it didn't require California to have a first claim on the power plants. It deregulated part of the market, but not all of the market.
I remember when I did my Enron film, my executive producers at the time felt very strongly that I should mock the Enron executives more viciously because everybody wanted that moment.
Because the sad fact is that the Enron Corporation and others manipulated with unfortunately great effect the energy market in the West Coast starting in 2000.
The only beef Enron employees have with top management is that management did not inform employees of the collapse in time to allow them to get in on the swindle. If Enron executives had shouted, "Head for the hills!" the employees might have had time to sucker other Americans into buying wildly over-inflated Enron stock. Just because your boss is a criminal doesn't make you a hero.
I kinda like the duality of California and the dark side, the underbelly of California, and I think that's what this album ['California']feels like - there's endless hope and optimism but there's also a darker side.
During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.
At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.
I'm a free market person, a free trader. But if we had a market in California, there would be competition.
I always order the banned books from a black market dealer in California, figuring if the State of Mississippi banned them, they must be good.
Now for good or ill, California is the place where trends tend to be set in Western civilization - if civilization indeed it is. California, for several generations now, has been the newest, biggest, most experimental place in the newest, biggest, most experimental part of liberal Western capitalism - which is itself a new experiment for mankind.
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