Perhaps Kenneth Lay came across as too
much the alpha male. And Jeffrey Skilling too much as someone playing a

As you have no doubt heard, the Enron duo were found guilty
yesterday. And Lay had the ignominy of being found guilty by two
different courts on two separate sets of charges. Maybe Lay’s problem
was his attitude in court. As one juror said: “He seemed very much
wanting to be in control#133;He seemed to have very much of a chip on his
shoulder… it made me question his character.” If a man projects the
persona of being top dog, of being in control, it’s difficult to believe he had
no idea of the wrong doing being carried out in the company beneath
You may recall the Worldcom trial, when former boss Bernie Ebbers,
who also came across as something of a man who liked to be in control,
played the “I am a simple man – I used to work as a milkman, and don’t
know much about maths – card”. No one believed Ebbers, and it would
appear the jury formed a similar view about Lay.
And what of the other Lay trial? He was found guilty of borrowing
money and using most of it to invest in shares, something that is not
allowed under US law. This time, Lay’s excuse was simply that he was “far
to busy to worry about details like that”. Again, this ignorance of what is
going on excuse did not wash because he was presented as man in
As for Skilling, who, like Lay, is likely to spend the rest of life in
prison, he told press: “Obviously I’m disappointed, but that’s the way the
system works.” And the Americans say the Brits understate things#33;

Lay and Skilling’s day of reckoning CNNMoney

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