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...Outside the courtroom, there was little sympathy for the son of a Baptist preacher who created a business dynamo that crashed in late 2001, or for his protege, Jeffrey Skilling, 52, who himself faces 185 years for his 19 out of 28 guilty counts - including conspiracy, securities and wire fraud. ?It was a moral victory. Now we hope to get them an economic victory,? said Steve Berman, one of the attorneys representing pensioners ruined by Enron?s demise. In addition to $7.2 billion wrung out of banks like JPMorgan Chase and Citigroup in securities fraud litigation, employees are still waiting...

Author: /time Magazine | Title: Can Lay and Skilling Win on Appeal? | 5/25/2006 | See Source »

...endow a chair in economics at the University of Missouri, Lay is now trying to have the money returned. Last September, in the wake of Hurricane Katrina, he personally sought to have the money - as yet unused - transferred back to Houston to assist 14 charities in relief efforts, including preacher-author Joel Osteen's megachurch. Five months later in February this year, the trustee for Lay's assets went to the campus in Columbia, Mo., seeking the money to pay for legal fees instead. The trustee went home empty-handed, but now university alumni - only recently apprised of the negotiations...

Author: /time Magazine | Title: Why Ken Lay Wants a Refund | 5/24/2006 | See Source »

...have bandied about the question of retracting Lay's name. Although discussions with Lay are ongoing, the university is required by its agreement to honor the name. Lay's family has a longtime connnection with Missouri: his late mother worked at the university bookstore while his father, a Baptist preacher, had strong ties to the community in Columbia. "It's not the university's goal to be antagonistic with a fine family," says Charton. The final call is up to the MU Board of Curators, an appointed board, which oversees university affairs...

Author: /time Magazine | Title: Why Ken Lay Wants a Refund | 5/24/2006 | See Source »

...times testy and had difficulty giving straight answers to questions as simple as his responsibility to shareholders. While he had the jury chuckling along with him at times this week, his haughty lectures on VARs and CDRs (Google them) might not have gone over so well. Lay, a preacher's son from Missouri who went from economics professor to pipeline wizard and mega-millionaire, may be a tougher target. Rotating calmly in his swivel chair at the defense table during Skilling's testimony, he has seemed blithely unconcerned about most of the prosecution's jabs against his co-defendant...

Author: /time Magazine | Title: After the Grilling of Skilling | 4/21/2006 | See Source »

...determine whether that standard is essential or nonessential.” If the church were to approve the provision, McNeill might be able to enter the ministry, so long as her local presbytery determines that her sexuality is “nonessential” in her candidacy as a preacher. But of course, there are no guarantees.Nevertheless, McNeill is determined. “I want to go through this process—I think it’s not in conflict with what God has called me to be,” she says. And the sense that...

Author: By Stephen M. Fee, CRIMSON STAFF WRITER | Title: Modern Devotion | 3/8/2006 | See Source »

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