Today's NYT reports what most of us already knew: Ken Lay is a big, fat liar.
I've gotta say, I just love Lay's Colonel Klink defense. These CEOs get obscene, and I mean that in the true sense of the word, salaries on the theory that they're such incredible managers that it's worth it for shareholders to pay them salaries that are many, many multiples of what their average workers get. Yet, when the company literally blows up, they swear they were potted plants, mushrooms, sitting in the dark with no frapping idea what was going on. They'd have fired a mail room clerk who said she didn't have even the vaguest notion that there were drugs being sold in the mail room, but somehow it was ok for them to not know what was going on.
Right.
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