
The Crooked E
Enron is the epitome of scumbaggery. No one escaped getting scammed when it came to Enron. Whether you were a competitor, municipality, retiree, or long time dedicated employee, the management stuck it too you and stole as much money as possible.
Of course, they robbed California blind. They also forbid company employees to sell their stock when it was $32 while allowing executives to sell as much as they could. Not until the stock sank to $11 were regular employees allowed to sell. Scumbaggery that stole 66% of their money.
While that was bad for Enron employees in general, the greatest crime was perpetrated against the long-time employees of smaller local utilities that Enron had bought in the years before. People who had worked at very safe public utilities their whole lives had their pensions and stock stolen converted to Enron stock. Thirty years of work & savings was gone forever by some Texan company they hadn’t heard about 5 years before. Small town blue collar workers, robbed of their life long hard work & savings.
The eventual criminal cases led to the conviction of executive architects Ken Lay, Jeffery Skilling and Andrew Fastow. Chairman Ken Lay “died” at the oddest of times… it was the exact week when, if he died, authorities could not touch or go after one penny of his Enron money, it automatically all went to his surviving family. He either pulled a Hannibal or, like the true scumbag he was, faked his death.