Word: lay
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...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...
Customers are guided through a small but top-of-the-line selection of items in a variety of colors and styles. For those not motivated to lay down too much cash for Valentine’s Day, Livia, a Belle de Jour staffer, suggests the Aubade Byzantine bra ($98) and panty ($60) set. Not that cheap? Livia moves on to the higher-end bras, which go up to around $250. The “lady of your life,” as Belle de Jour insists on calling her, will certainly appreciate the gesture. As a special for Valentine?...
Andreas M. Koehler thought the cyclotron’s future lay in the cancer work doctors had been doing there for several years. He proposed that the physics department would continue funding the cyclotron but that Harvard would be repaid with money from the cancer treatments...
...most anticipated day of the House Committee on Energy and Commerce's Enron hearings since Ken Lay's no-show Monday, lawmakers easily positioned the cloud of blame over Jeff Skilling's relatively full head of executive-style hair. But they couldn't quite make it rain...
...blame? Everybody else. Mintz and McMahon nudged the cloud upward toward Skilling (and Lay, and Buy and Causey and Kopper and Fastow). Robert Jaedicke and Herbert Winokur, two Enron board members trying to explain why they missed the whole thing, did likewise, throwing in Arthur Andersen and law firm Vinson & Elkins. Said Winokur: "It appears outside experts...failed us." Officials at both Arthur Andersen and Enron, added Jaedicke, "did not fulfill their duty...