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Kenneth Lay Quotes


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Kenneth Lay
April 15, 1942 - July 5, 2006
Nationality: American
Category: Businessman
Subcategory: American Businessman

But certainly I didn't know he was doing anything that was criminal.

   

In the case of Enron, we balance our positions all the time.

   

When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall.

   

I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well.

   

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.

   

Our liquidity is fine. As a matter of fact, it's better than fine. It's strong.

   

Am I a fool? I don't think I'm a fool. But I think I sure was fooled.

   

We need someone who is a strong representative of our value system.

   

The transmission systems are still regulated.

   

The problems in California have been that it's been very difficult to site and build new power plants.

   

We see ourselves as first helping to open up markets to competition.

   

Every market is in transition.

   

They can't do without electricity. They can do with less electricity.

   

Jeff knew full well what he was walking away from. Again, he needed to deal with this right away.

   

But I can't take responsibility for criminal conduct of somebody inside the company.

   

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.

   

You'd rather have a surplus versus a shortage in your position.

   

There are absolutely no problems that had anything to do with Jeff's departure.

   

I have faith in the market when we get the rules right.

   

Any slots at the senior level, including CEO or other slots, will be filled internally.

   

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