Innocent until proven guilty. One of the foundations of our justice system. That’s what we’re supposed to believe. In the movie Enron: The Smartest Guys in the Room, there is one head-shaking-in-disbelief scene after another about the fraud “allegedly” committed by Ken Lay, Jeffrey Skilling, and others in the biggest corporate scandal in U.S. history. OK. Let’s not pull any punches. It is the biggest scandal period. Ever.
Enron is the first movie I received from my new Netflix service, and it couldn’t be a better time to rent it. With the trial underway as I write this, Ken Lay maintains his innocence, attempting to claim victim status. As I looked for the latest news in the trial I stumbled across this editorial by Al Neuharth, the founder of USA Today. You see Al has a degree in journalism, but didn’t do well in Economics. He states, his chief financial officer could have bluffed him about anything going on with the bookkeeping at his company because “balance sheets were not [his] bag”. Ken Lay has a PhD. in Economics. See the movie, read Al’s opinion, and you decide about Ken Lay.
UPDATE: I encourage you to keep up with the latest in the Enron trial in the Houston Chronicle.