Financial Times FT.com

Lay takes full Enron story to the grave

By Ben White in New York

Published: July 5 2006 15:14 | Last updated: July 6 2006 00:00

Ken Lay, convicted in May of fraud and conspiracy over the collapse of Enron and facing the prospect of spending his final years in jail, died early on Wednesday of an apparent heart attack in Colorado. He was 64.

Once affectionately called “Kenny Boy” by George W. Bush, US president, Mr Lay turned Enron from a sleepy natural gas pipeline company into a symbol of the 1990s’ new economy, embracing energy deregulation and becoming a trader of everything from oil and gas futures to weather derivatives.

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