Word: kenly
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...Ken Lay finally raises his right hand in a Senate hearing room this week, one of the things his interrogators will want to know is just how close the former Enron CEO was to George W. Bush. Their relationship dates back to before Bush was Governor of Texas. Bush sent Lay a chummy note on his 55th birthday in 1997 ("Wow! That is really old," Bush wrote. "It's a good thing your wife is so young and beautiful"). But last week in Texas, Bush allies claimed Bush never fully trusted Lay, and they portrayed Lay as a classic cowboy...
...Enron employees who filed into a hotel meeting room on Oct. 23 were understandably nervous. Just days before, the energy-trading company had announced a $618 million loss for the third quarter, tied in part to the unraveling of one of its partnerships, and chief executive Ken Lay had called an all-hands meeting to reassure workers about the future. The affable Lay told everyone that if operating earnings were on target, as it appeared they would be, bonuses would be paid. The questions that followed veered toward the trivial--the Christmas party, parking privileges--until one persistent energy trader...
...sell energy contracts to impress visiting Wall Street analysts. As the analysts trooped through, the Enron employees, who had hurriedly outfitted their new work spaces with family photos and other personal items, conducted fake phone conversations and tried to appear busy. When the tour ended, former CEO Ken Lay reportedly returned to compliment the employees on their performance and explain that it was important that the analysts believe the trading unit was well organized so the company would earn a favorable credit rating...
...KEN LAY'S HOUSE The former Enron boss's principal abode is a $7.1 million high-rise condo. If the Lays file for bankruptcy, Texas law will let them keep it. Sure beats...
Gerontologist Ken Dychtwald, 51, questions whether people in this age set want to read magazines about being a baby boomer, arguing that they might prefer magazines that concentrate on tennis, fashion, country-and-western music or whatever else they fancy: "I don't necessarily think we have to join up into a club and have a club magazine." But early indications suggest both magazines are doing well. More's circulation has climbed steadily, from 320,000 when it started in September 1998 to 525,000 last year. My Generation's 3.1 million circulation, carved from Modern Maturity's 20.9 million...