BusinessCompany NewsKen Lay dead

Ken Lay dead

Former Enron CEO Kenneth Lay has died, reports say

Ken Lay, former Enron CEO, has died, reports said today.

A
family spokeswoman told CNN that Lay died early this morning in Aspen
. He
was 64 and is beleived to have suffered heart failure.

In a statement, spokeswoman Kelly Kimberly said, ‘The Lays have a very large
family with whom they need to communicate, and out of respect for the family we
will release further details at a later time.’

In May, Lay was found guilty of nine counts of fraud and conspiracy related
to the collapse of Enron, the company whose collapse has become a byword for
corporate scandal.

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