July 5, 2006
Enron's vilified Ken Lay , July 5
Kenneth Lay, founder and vilified former chairman of scandal-ridden Enron Corp., died of a heart attack in Aspen, Colo., Wednesday, July 5, 2006. He was 64. Nicknamed ``Kenny Boy'' by President Bush, Lay led Enron's meteoric rise from a staid natural gas pipeline company formed by a 1985 merger to an energy and trading conglomerate that reached No. 7 on the Fortune 500 in 2000 and claimed $101 billion in annual revenues. He was convicted in May 25 of defrauding investors and employees by repeatedly lying about Enron's financial strength in the months before the company plummeted into bankruptcy protection in December 2001.