A Quote by Kenneth Lay
In the case of Enron, we balance our positions all the time.
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Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
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.
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 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.
Balance is key. Balance is a virtue. Balance is next to godliness, maybe. We should all aspire to better balance. Too much of what is said in this world is one-sided, and we need more balance - in our speech, in our music, in our art, in everything.
Former Enron founder Ken Lay and CEO Jeffrey Skilling found guilty in the Enron case. Ken Lay is so guilty I'm surprised people aren't calling him Congressman Ken Lay. Wait 'till these guys find out in prison that insider trading has a whole new meaning.
Deception can cost billions. Think Enron, Madoff, the mortgage crisis. Or in the case of double agents and traitors, like Robert Hanssen or Aldrich Ames, lies can betray our country. They can compromise our security. They can undermine democracy. They can cause the deaths of those that defend us.
In the Enron scandal, whistleblower Sherron Watkins is now calling herself Enron Brokovitch. She testified Ken Lay was duped by the other executives. Oh, yeah. When is the last time you got duped and made $100 million?
People are treating the Stewart case as seriously as Enron when it's really over trivia.
Enron - although an extreme case - is hardly the only company with a hollow set of values.
Often the lack of clear direction and goals can waste away our time and energy and contribute to imbalance in our lives. A life that gets out of balance is much like a car tire that is out of balance. It will make the operation of the car rough and unsafe. Tires in perfect balance can give a smooth and comfortable ride. So it is with life. The ride through mortality can be smoother for us when we strive to stay in balance.
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.
I happen to represent Enron here in Houston. We have many good corporate citizens here in Houston. Enron happened to have been one.
Balance takes work. Lots of it. There is no endpoint in balance, no goal, no finalization. Balance requires practice, patience, and - most importantly - movement. We often get stuck in our ways and form habits based on our fears and driven by our insecurities.
There are no hopeless positions; there are only inferior positions that can be saved. There are no drawn positions; there are only equal ones in which you can play for a win. But at the same time, don't forget that there is no such thing as a won position in which it is impossible to lose.
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.
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