Lay alma mater rebuffs endowment request

[banana republican]

COLUMBIA, Mo. -- Seven years after donating $1.1 million in Enron stock to his alma mater and with little to show for the gift, company founder Kenneth Lay asked the University of Missouri to steer the unspent money to Hurricane Katrina relief.

The school rejected the request, according to records obtained Monday by The Associated Press. By February, a Lay attorney was asking the school to return the money so Lay could pay legal bills stemming from the fraud and conspiracy case against him. The school again turned him down.

"Though the university recognizes the importance of hurricane relief, it also believes that the chair established in your name will promote the university's mission of providing outstanding education, research and service," Chancellor Brady Deaton replied to Lay on Oct. 28, 2005, nearly two months after Lay's initial request.

http://seattlepi.nwsource.com/business/1310AP_Missouri_Lay_Endowment.html


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bwwwwwaaaaaaaaaaahhhhhhhhhhhhha

tough luck kenny boy....

[Bossy Monkey]

1. The Ken Lay Chair in Books-Cooking? Criminal Fraud? Theft from Senior

Citizens?

How much is $1.1 million in Enron stock worth these days anyway? Hope they didn't waste it all on one candy bar!

[AnOhioan]

2. That was my first thought

Enron stock??? It is even worth the paper it is printed on??

[Blue_Tires]

3. as a KU grad

i don't EVEN have to comment on this!:D :hi: :crazy:

[Sadie5]

4. When will they reach a verdict

The jury sure is taking a long time to reach a decision. We already know he is guilty. As for the worthless Enron stock, I think Lay's Lawyer has his nerve asking for the money back.

[Blue_Tires]

5. they may not ever reach a verdict

they may be just wishing that if they stall long enough, everyone will forget!

[NYC]

6. Guilty! I suppose by now, you know.

However, this is an interesting thread, and this is a good way of reviving it.

Welcome to DU. :hi: