Kenny Boy
I just finished reading Robert Bryce's Pipe Dreams: Greed, Ego, and the Death of Enron last week, which was by coincidence the same week Ken Lay finally got indicted.

Bryce's book is lucidly written, funny as hell, sharp, and incisive. It's in the same league as James Stewart's Den of Thieves. He gives a surprisingly comprehensive look at the entire energy industry as well as a lot of insight into the people who drove Enron into the ground.

Kenny Boy, meanwhile, is making a very public defense that he didn't know what was going on and that Andrew Fastow was the evil genius behind it all. After reading Bryce's book, you can almost believe the "I was clueless defense" - Lay frequently comes across as downright stupid - except for his actions on October 23, 2001.

Bryce's core thesis is an old Texas saying: "Fish rot at the head". Lay proves it. He's either a liar or an irresponsible, incompetent fool. What kind of leader defends himself by saying "I didn't know what was going on" when the company he's Chairman and CEO of collapses in the biggest financial scandal ever?

But even if he's indicted, the SOB will probably get to keep most of his ill-gotten gains. Just like Michael Milliken. Crime does pay, if you practice it at a high enough level.